The Economy of the Philippines
Regulations to Hire Employees in the Philippines
Brief Summary
Country: Philippines
Currency: Philippine Peso
Capital: Manila
Official languages: Filipino and English
The Economy of the Philippines
The Philippines is the second most populous country in Southeast Asia and seventh in Asia. Having over 110 million citizens, like its neighbouring countries, the Philippines rely on its services sector for its economy.
The country has one of the most dynamic economies in the East Asia Pacific region. Philippines facing an increasing urbanization, a growing middle class, and having considerably young population. As a result, Philippines’ economic is rooted in strong consumer demand supported by a labour market and robust remittances. The remittances from overseas workers are equivalent up to 10.5 per cent of the country’s gross domestic product (GDP).
In addition, its unmatched geographic location has made the Philippines the commercial, cultural and intellectual hub of Asia over the course of time backed by the development of trade and commerce. Which is why you probably want to expand your businesses to the Philippines.
Services has been the Philippine’s fast-growing sector for its economy. Above all, tourism, agriculture, outsourcing, construction, and healthcare industries has the highest contribution to the economy. Amounting up to 57 per cent of the country’s economy in 2014.
The Philippines is still consider as a new industrialized country. Which means the country is in transition from agriculture based to a more services and manufacturing based. The primary exports are electronic products, coconut oil, transport equipment, and fruits
Regulations to Hire Employees in the Philippines
The main sources of Philippine law are the Constitution, statutes, treaties and conventions, and judicial decisions. While the Constitution is the highest law, the Labour Code (“the Code”) is the law that regulates employment relationships. The Code also applies to foreign nationals working in the Philippines. The Philippine employment landscape is generally pro-labour rather than pro- management, meaning the law tends to be more employee-friendly.
We have summarized the Philippine’s labour laws for you. So, you know at least the basic regulations on their employment laws. Or you can read it more about it in here.
- Terminating employment is relatively restrictive from an employer’s perspective and must be carried out in compliance with statutory requirements. It’s only legal if there is an authorised or justified cause because they can’t dismiss an employee at any time without a warning or notice. If in another case, an employee wants to terminate employment for any reason by serving notice to the employer at least 30 days in advance. If the employee fails to give notice, the employer may hold the employee liable for damages.
- The Code has its own special laws on discrimination and harassment for specific case. As you can’t discriminate against employees who have filed any complaint concerning wages, joined or encourage membership of labour organisations, or testified under the Code.
Working Hours
- The maximum working hours is at 8 hours a day, or 48 hours a week in total for 5 days a week. However, it could change depending on the contract between you and your employee.
- The minimum wage varies on each regions. It is currently P 537.00 per day.
- If the work of a health personnel exceeds the maximum number of hours fixed either by regulation or by specific agreement, they are entitled to at least 30 per cent of their regular wage for work on the sixth day.
*P.S. “health personnel” covers resident physicians, nurses, nutritionists, dietitians, pharmacists, social workers, laboratory technicians, paramedical technicians, psychologists, midwives, attendants and all other hospital or clinic personnel.
- Since the maximum work hours allow in the Philippines are 8 hours, employees who works longer must be paid extra. With a compensation up to 25% of the employees’ regular work wage.
Paid Leave
- There are 12 paid regular holidays each year. Employees could work on these days but should be paid double their usual rate of pay for doing so.
- Employees are entitled to five days of paid vacation leave after 12 months of service.
- Female employees are entitled to maternity leave of up to 105 days, all of which is paid. Male employees are entitled to seven paid paternity leave days.
Job Boards in the Philippines
1. 9cv9
9cv9 a fast growing established human resource technology company from Singapore. Since incorporation in 2016, the company has grown to establish its presence all over the world. The company’s aim is to empower and enhance their users’ employability for future career development by connecting applicants to companies using advanced technologies. The focus of their applicants are mostly on fresh graduates, tech developers, engineers and programmers, internship and externship for students. The company provide a collaborative work environment in which employers strive to provide the best possible experience for job searchers.
Above all, the platform is user-friendly and grants access to many job board partners like Neuvoo, Facebook for Jobs, Google for Jobs, etc. It also makes the interviewing process easy by integrating with Zoom and Google Meet. Upon registering, you can discover a wide range of integrations that will help enhance and make the hiring more efficient. If you are thinking to hire in Indonesia, then starting your employee search with 9cv9 may not be a bad idea.
2. JobPinoy
JobPinoy is a new innovative job search platform, aiming to provide employment solutions. They have a simple yet effective technological approach called cover video technology will serve as an advanced solution to increasing the hiring rate of both job seekers and employers. The said approach will enable employers to promote your companies, your core values, and your workplaces as easy as uploading a video for job seekers to see.
The company aims to remove the employment gap and provide recruiters a chance at leaving an impression of your company or business to job seekers. As well as being a bridge on how the recruiter and candidates communicate and present themselves.
3. OnlineJobs PH
Onlinejobs.ph is the largest online database of Filipino online workers and professionals. Helps entrepreneurs and small businesses save up on labour costs by helping them outsource jobs to Filipino workers like virtual assistants, programmers, designers, copywriters, etc. The applicants are all full-time workers, instead of freelancers. They helps finding the best specialized workers for your business. All while providing a stable and long-term employment to Filipinos everywhere by giving them decent jobs that help support their families without having to leave the country or their home.
4. Jora
Jora is an Australian company and part of the SEEK Group. It’s a search engine platform for jobs in the Philippines. Making users able to search through thousands of potential candidates, all sourced from many job sites from around the Philippines. The platform aims to make the website as simple and as intuitive as possible, while ensuring that you can find the best applicants for your company.
5. Google For Jobs
Google for Jobs is a new search feature that gathers listings from job boards and career sites into one place. It is a Google tool that gathers and shows job listings from all over the internet. It aims for job seekers in locating relevant listings directly from Google search results. Whether it’s on a website owned by a small business or a job site with thousands of postings, they’re everywhere. This makes it simple for job seekers to locate their next job in Search.
6. Indeed
Indeed is a job posting website that receives over 250 million unique visits per month. The company is dedicate to put job searchers first, then providing them with free access to job postings, CV creation, and company research.
It manages to link millions of people with new prospects every day. Indeed’s purpose is to assist people in finding work. They have over 10,200 dedicated global employees working to achieve this aim and improve the entire recruitment process using real-life examples and data. The platform claims to have 250 million unique visitors per month. They provide a collaborative work environment in which employees strive to offer the best possible experience for job searchers.
Indeed is completely free for job seekers, and there is no need to create an account. Signing up for an account, on the other hand, will enable you to receive email notifications when new applicants are applied, upload their resume to simplify the recruitment process, and receive communications from recruiters and potential employers.
It has a wage comparison tool and a section dedicated to your applicant’s consideration. So, the applicants had know first-hand of your companies proflie before applying for a job or accepting an offer. Indeed’s user experience is simple and straightforward, with the goal of quickening their job search.
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