The Philippines is one of the most dynamic economies in the Asia Pacific region. Businesses are booming, and consumer demand is high, thanks to a vibrant labor market with notable performance in the services sector supported by remittances from Filipinos overseas. However, the IMF slashed its growth forecast for the Philippines from 6.9% to 5.4% in 2021. The government’s expansionary fiscal program and accommodative monetary policy should put the economy on a firm recovery path, despite facing one of Asia’s worst COVID-19 outbreaks. It is predicted that the economy will take a step up in 2021-22, with less fear and more confidence among consumers and business owners alike. In 2019, the Philippines was ranked #95 in the World Bank’s Ease of Doing Business index (Sources: Asian Development Bank, Reuters, World Bank).
A trusted professional employment organization with in-depth knowledge of the market in the Philippines, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Manila or any other city in the Philippines, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.
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Philippine Peso PHP
Minimum wage in the Philippines varies according to region and it ranges from PHP 316 to PHP 537 a day.
Statutory working hours in the Philippines are 40 hour per week.
5 days service incentive leave with pay for employee who has rendered at least 1 year of service.
Workers are entitled to 12 days for the first 2 years of service and and an additional 1 day every year starting on the 3d year. The maximum total sick leave is 15 days.
Female workers are entitled to 105 days of paid maternity leave
Fathers who are married to the mother of the child are entitled to 7 working days of paternity leave. An unmarried new father, on the other hand, may enjoy 7 days allocated leave.
The employer may terminate the employment of an employee, by serving a written notice on the workers and the Ministry of Labour and Employment at least one month before the intended date.
Probation period in the Philippines is 180 days .
The standard VAT rate is 12%. done
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XML International, one of the best workforce solutions and employer of record services providers for the Philippines, supports the set-up and the management of your international workforce for all your activities in the Philippines. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams in the Philippines. We give you all the keys to handle you staff in Manila or any city in the Philippines. XML’s knowledge of labour Philippine laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in the Philippines, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Philippine employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in the Philippines is aligned with Philippine tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in the Philippines.
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion in the Philippines or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Philippines market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in the Philippines without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in the Philippines.
XML provides you with everything you need to start doing business in the Philippines or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in the Philippines in a cost-effective way.
Get started now and make the most of business in the Philippines today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.