The Philippines manages to address all these concerns and more, making it the leading outsourcing destination in the world. You need to also think about the quality of work, the data privacy regulations, etc. The low salary cost makes the Philippines a great option for outsourcing - but that isn’t the only reason!Īfter all, lower salaries are only one of the aspects you consider when choosing your BPO provider. In comparison, the average salary of a BPO employee is around PHP 375,000/year ($7,395), which amounts to above PHP 1027 ($20.31) per day.Ĭonsidering the difference between their average monthly salary and the minimum wage, it’s clear that most BPO employees earn enough to sustain a comfortable lifestyle.Ĥ Reasons Why The Philippines Is A Perfect Outsourcing Destination However, it’s often seen as far too low to sustain basic needs for most individuals - who end up spending 75-80% of their salaries on basic necessities alone! This minimum wage is supposed to cover all the essential needs of an individual. The Filipino minimum wage ranges from PHP 290 (US$5.70) to PHP 537 (US$10.61) per day, varying across the country’s regions. This means that most families can afford a comfortable lifestyle and easily reserve 20% for savings. The average family saved around PHP 75,000 ($1,493.56), or approximately 24% of their income, in 2018. With a lower cost of living, you don’t have to spend most of your annual salary for your daily needs!Īccording to the Philippine Statistics Authority (PSA), a family’s average yearly expenditure in 2018 was PHP 239,000 ($4,758.07). Lower Cost Of Livingĭespite lower salaries and an unfavorable exchange rate (in May 2020, 1 USD = 50.59 PHP), one of the main factors that allow Filipino employees to live comfortably is the country’s low cost of living. Like any other country, the average salary is a result of a few factors that make it adequate for Filipino workers. If you’re looking to outsource to the Philippines and are worried about these rates, you have nothing to fear. Since the average salary in Philippines is much lower than in other countries, does it hurt Filipino workers? Why Lower Outsourcing Salaries Don’t Hurt Filipino Employees We’ve mentioned each job’s starting salary as well as the salaries for more experienced positions: Job Title Let’s look at the salaries for some common jobs in the Philippines to get a clearer idea of how much everyone earns. In the National Capital Region, an average family’s income was around PHP 460,000/year ($9,157.78).The average salary of Filipino BPO employees was PHP 375,000/year ($7,395).(Median represents the middle value between all salaries considered, while average divides the sum of all salaries by the number of salaries considered.) The median salary in the Philippines was PHP 655,200/year ($12,955).The average salary in the Philippines was PHP 161,847.60/year ($3,218).(In Philippine Pesos and converted to United States Dollars) Here are some key statistics from 2018 about the average salary in the Philippines: So what’s the average salary in Philippines? Years of experience and current job position.ĭespite such differences, these Philippines average salaries can give you a better overview of the Filipino population and economy.Like any other country, Philippines salaries can differ based on various factors, like:
How To Keep Your Outsourced Philippines Team Productive.