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COUNTRY TRADING PROFILES
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Labour market
The active population in figures |
Working conditions |
Cost of labor |
Social partners
The active population in figures
|
2009 | 2010 | 2011 | 2012 (e) | 2013 (e) |
| Labor force |
- | 38,900,000 | - | - | - |
| Rate of activity (%) |
- | 63.8 | - | - | - |
| Unemployment rate (%) |
7.5 | 7.2 | 7.2 | 7.2 | 7.0 |
Source:
CIA - The world factbook
; UN - United Nations
; World Bank
Note: (e) Estimated data
Working conditions
- Legal weekly duration
- 8 hours/day, 40 or 48 hours/week.
- Retirement age
- 60
- Working contracts
- Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts are extremely rigid.
Cost of labor
- Minimum wage
- Varies depending on the region and the position occupied, between P200 (USD4) and P350 (USD7) a day.
- Average wage
- The minimum wage is determined at the regional level by the Regional Tripartite Wages and Productivity Board.
- Social contributions
-
Social security contributions paid by employers: 5.6 %. Maximum 1 060 PHP/month. For further details, see here.
Social security contributions paid by employees: 3.76 %. Maximum 500 PHP/month. For further details, see here.
© Export Entreprises SA, all rights reserved.
Last updates: May 2012
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