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Philippines

Best Recruitment Agencies in Philippines

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Find top recruitment and staffing agencies in Philippines. Whether you're looking for specialized talent or general hiring support, explore experienced recruitment firms that understand the local market and can help you build the perfect team.

Philippines's

Economic indicators

33

World ranked

Philippines ranks 33 in the world by current economic output

$437.1bn

Nominal GDP (US$)

GDP reflects the overall size and economic strength of the country's economy.

10

APAC ranked

Philippines is ranked 10 in APAC by economic output in the region

GDP growth (%)

GDP growth explained

The chart compares how GDP has grown for Philippines, its region, and the world over the last seven years. Positive growth indicates an expanding economy; negative growth may signal contraction and affect hiring activity.

3.6%

Current rate

▼ 2.4% reduction

Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability and hiring strategies.

Philippines's inflation rate

105 days

Maternity leave

Maternity: 105 days paid leave, plus 15 if a solo parent, 14 pre-birth. 100% salary from Social Security. Optional 30 days unpaid. Paternity: 7 days paid leave post-birth, employer pays. No formal parental leave.

0 days

Sick leave

In the Philippines, sick leave isn't separate from PTO. Employees use Deel to report sick days. If PTO is exhausted, further sick leave is unpaid but may be partly covered by SSS's sickness Benefit.

Cost of living

Cost of living index explained

The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations for both employers and candidates.

Philippines's

Labor market

Philippines vs world population age distribution

101m

Population

Philippines has a population of about 101m. The chart compares its age distribution with the world average—useful context for workforce size and long-term hiring demand.

18 days

Minimum annual holidays

Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) may require emphasizing work-life balance when recruiting.

40 hrs

Average working full time week

Standard work hours are 8 per day, 40 weekly, Monday-Friday. Overtime must be paid: 125% on workdays, 130% on holidays; it's not covered by salary.

2.2%

Current percentage

▼ 0.4% reduction

Philippines's unemployment rate is low, suggesting either a booming economy or reliance on foreign labour. Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability

Unemployment rate

Philippines's

Top performing companies and industries

Top performing companies

  • BDO Unibank
  • SM Investments
  • Ayala Corporation

Top industries

  • semiconductors and electronics assembly
  • business process outsourcing
  • food and beverage manufacturing

Ratio of males to females (by age)

73 / 47

Male

[ "In Philippines there is a large gap in participation rates between males and females, indicating significant structural or cultural barriers preventing more equal gender parity." ]

Philippines's

Religion and ethnicity

Religion

In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In homogeneous environments, understanding dominant cultural norms is often more important when engaging with talent.

Ethnicity

In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds. Employers may need to focus more on inclusive hiring practices to attract talent from across different ethnic groups.