FIND OUT: How much salary increase Pinoys who switch employers can expect

Employees in mid to senior positions can expect salary increases of up to 10% from current employers, but those moving to another company can expect up to 40%, Global recruitment specialist group Robert Walters said on Tuesday, November 26, 2019. In photo is Robert Walters Philippines director Monty Sujanani. Jon Viktor Cabuenas, GMA News

While Philippine employees in mid to senior positions expect salary increases of up to 10% from current employers, those moving to another company can expect up to 40%, Global recruitment specialist group Robert Walters said on Tuesday.

In a press briefing in Makati City, Robert Walters Philippines director Monty Sujanani reported the results of their latest Salary Survey.

“According to the survey, professionals looking to stay in their current roles can expect salary increments of up to 10% while those moving jobs can expect to receive a 20% to 40% salary increase depending on their seniority level and skill set,” the report read.

The highest salary increments are in the technology and transformation sector, where candidates moving jobs can expect salary increases of 30% to 60%.

“They’re very demanding,” said Andrea dela Casa, senior manager for Technology and Transformation, said in the same briefing.

“To remain competitive, they also have to upskill themselves, earn certifications, and other trainings,” she said.

This covers IT security professionals, data analysts, and development and operations engineers, which are in demand with competitive remuneration, good working culture, and good work-life balance as main drivers of job satisfaction.

For those in accounting and finance, can expect salary increments of 15% to 25%, particularly those specializing in finance business partnering, transformation in shared services, and tax.

In the banking and financial services sector, salary increases are 30% when switching employers. Strong demand is currently in corporate banking and wealth management, data privacy, and risk and compliance.

Those experienced in human resources are given salary increases of 20% to 25%, with the demand coming mainly from shared services and BPO, start-ups, and pharmaceutical and consumer groups.

The same survey noted that sales and marketing people can expect a 20% to 30% increase, mainly in fintech and e-commerce platforms.

Those working  in the logistics sector get salary increments of 20% to 25% on average, particularly logistics managers, purchasing managers, supply chain managers, and demand planning managers.

Aside from remuneration, Sujanani noted that employees in the Philippines also look at competitive benefits as top considerations in job satisfaction.

“Companies looking to secure these highly skilled professionals will need to understand that salary is often no longer the sole motivator for most professionals,” the report read.

“Driven and ambitious professionals will be looking for career progression and learning and development opportunities,” it added.

The report noted that among key factors that attract talent are flexible benefits and working arrangements.

“We encourage hiring managers in the Philippines to listen and understand the shift in the hiring trends and what this shift means for the company and its employees,” Sujanani said. —VDS, GMA News