One of the reasons for the Philippines' poor economy has been its reliance on the agricultural industry. Natural disasters frequently strike it. Agriculture, which once accounted for 25% of the economy, has declined to single digits, allowing the service sector to become a significant contributor to the economy. The growth of the BPO-driven service sector has been beneficial to the country.
Manila is the Philippines' national capital as well as a hub for knowledge workers. Cagayan de Oro, Cebu City, Davao, Makati City, Manila, Pasig City, Quezon City, and Taguig, on the other hand, play an important role in providing resources and infrastructure for remote employers and employees.
Let us take a look at the average monthly salary by cities (in Philippine Peso and US Dollar):
- Manila – 53,200 PHP/1050 USD
- Cagayan de Oro – 47,300 PHP/990 USD
- Cebu City – 50,600 PHP/1060 USD
- Davao – 52,500 PHP/1100 USD
- Makati City – 43,800 PHP/920 USD
- Pasig City – 48,100 PHP/1000 USD
- Quezon City – 54,100 PHP/1135 USD
- Taguig – 49,900 PHP/1050 USD
Remote workers are available in IT Services, Accounting, Customer Service, Design and Creatives, Digital Recruitment, Software Development, Marketing, and many other fields in the Philippines. Finding an effective workforce and managing onboarding and ongoing payroll can be time-consuming; having an Employer of Record (EOR) in the Philippines can alleviate this burden.