A salary survey by the jobs and talent platform foundit revealed that seniority is associated with better salaries in the Philippines’ tech industry, with executives (15+ years) having the lowest dissatisfaction (18.2%) with their salary growth.
Tech industry
Moreover, the survey also unveiled a surprising trend: executives in the technology industry in the Philippines, despite having the highest satisfaction with their salary growth (54.6%), also exhibit the highest dissatisfaction rate with their salary perception, with 45.45% of executives believing their salary is below industry standards.
The survey also uncovered that technology & IT employees in the Philippines have the highest salary expectations, with a substantial number anticipating significant increments of 30% and above.
Key salary trends drivers
The survey found that factors significantly shape pay scales, including skills in demand (38.04%), economic trends (23.6%), and industry-specific challenges (14.44%). Professionals (13.66%) also recognise how tech-driven disruptions affect wages.
“Employers who embrace transparent salary benchmarking, skills-driven pay structures, and clear career +progression paths will be best positioned to attract and retain top talent. By bridging the perception gap and aligning compensation strategies with workforce expectations, companies can strengthen their employer brand and contribute to the Philippines’ continued economic growth,” V Suresh, CEO of foundit, said.
