The first published edition of the Philippines Labour Market Risk Report provides human resources professionals with detailed insight on the practicalities and major risks from the labour market when operating within Philippines. It is a vital source of intelligence whether you operate in the country currently or are considering a move into the market.
It gives you all the demographics and analysis you need to fully understand Philippine labour market risks. This includes specific insight on regulations, unionisation and employment requirements that could affect your business, whilst also comparing the country to the wider region.
Labour Market Risk:
What are the main risks to operating in Philippines posed by the labour market?
The Report assesses the labour market risks facing businesses and investors in Philippines regarding the availability and qualifications of the labour force and potential costs stemming from overregulated or restrictive labour markets.
Availability of Labour: This segment analyses the main risks facing businesses regarding the size of the labour force.
These include overall employment, female participation, life expectancy, demographic population deployment and forecasts for workforce size by sector. It also evaluates the basic skill set of the workforce, literacy and numeracy rates, and the quality of the primary educational infrastructure, compared with the wider region.
Education: Assessing the potential pressures facing businesses requiring a skilled labour force with secondary or tertiary education qualifications. This covers the quality, density and graduation rates for both secondary and tertiary education, with a particular focus on engineering, science, mathematics and technological graduates.
Labour Costs: This covers the challenges presented by regulations governing labour taxes, minimum wages, annual leave, severance pay, and foreign worker visas. It assesses the costs of employment that face businesses and investors. It also evaluates risk stemming from unionisation and strike activity, and the comparative rigidity of the labour market around regulations concerning the racial and gender demographic requirements for employment.
- Evaluate Philippines’s labour market risk profile against its regional peers and by 170 states globally, helping you understand the size, education and rigidity of the labour market in relation to other markets.
- Guard against risks posed by a limited skilled labour pool, high costs and limited labour market flexibility, and the potential risks and costs associated with the importation of foreign skilled labour.