Salaries across all industries and specializations in the Philippines were steady for a year ending March 2023.
The Salary Guide 2023 released yesterday JobStreet by SEEK showed 97.6 percent of salaries in the country were steady coming from the year before while 1.2 percent experienced an increase and 1.2 percent noted a decrease.
The JobStreet by SEEK Salary Guide 2023 analyzed median salaries that only cover full-time job employment in the Philippines posted on JobStreet, and only paid in peso.
Data were extracted from JobStreet by SEEK job ads posted from April 2022 to March 2023 in comparison to those posted from April 2021 to March 2022.
The report said the materials industry (polymer/plastic/rubber/tires, tobacco, and wood/fiber/paper) had the highest increase in median salary of 57.1 percent over the past year while the Insurance industry was reported to have the highest decrease in median salary of -49.5 percent.
Among the specializations, healthcare has the highest median salary increase in the past year (3.8 percent), making it the most promising specialization for increased salaries across all positions.
Jobs in accounting and finance experienced the highest decrease in median salary of -26.7 percent. A decrease in salary levels across multiple positions was seen in the building and construction specialization.
The top industries that showed pay rises were transportation, human resources, telecommunications, marketing and advertising, and call center/BPO.
The top industries that had the most pay cuts were entertainment, oil and gas, consumer goods and electrical/dlectronics, among others.
The reported an increase in salary increment in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) for rank and file roles while the highest salary growth in supervisorial roles was recorded in Region IX (Zamboanga Peninsula).
A decrease was seen in the regions of Northern Mindanao, Central Luzon, and Bicol.
Among all cities in the country, Taguig received the highest pay.
