The Philippines is a growing economy which is performing better than its peers socially and economically. In Southeast Asia Philippines has a relatively young population which will be a key source of future growth. Since 2008 the country's unemployment rate is continuously decreasing. And because of the US based education system the students are outperforming themselves.

ADVANTAGES:

Minimum Wages

• Minimum Wage in the Philippines varies from region to region, it ranges from PHP316(US $6.57) to PHP537(US $11.57) which might seem a little less when compared with countries like the USA and Canada but the cost of living in the Philippines is very affordable.

PREMIUM PAY

• Premium Pay is an overtime pay for working on holidays. Employers pay a minimum 30% more for working on holidays. All employees are eligible for premium pay.

NIGHT SHIFT DIFFERENTIAL

• Employees who work between 10:00 PM and 6:00 AM get an additional 10% premium at every hour at work.

SEPARATION PAY

• According to the Labour Code of the Philippines, terminated employees get 1/2 month or 1 month pay after leaving the company.

RETIREMENT PAY

• As per the DOLE National Wages and Productivity Commission, An employee that has served a company for more than 5 years would be granted one-half pay every month.

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