Choosing where to expand your business is one of the most significant and exciting steps a company can take. And in today’s hyper-connected and ultra-globalised world, businesses can employ just about anywhere. As such, it’s often a challenge to decide where in the world is best for your organisation’s expansion.
When businesses are thinking about hiring in Southeast Asia, they might lean toward corporate hotspots, such as Singapore or Hong Kong. Thailand has also grown in popularity over recent years. But what about the Philippines?
As an archipelagic country made up of over 7,600 islands, the Philippines is multinational and incredibly diverse, rich in an intriguing history of immigration and colonisation that’s made the country what it is today. The Philippines is the 12th most populous nation on earth, with some 109 million inhabitants. In the capital city of Manila, you’ll find between 10% and 20% of the entire population.
Demand to hire in the Philippines is rising considerably. Its population grows increasingly skilled and educated each year, with wages remaining comparatively low. The country also has a well-developed infrastructure, a strategic trade location and conducts much of its business in English. However, like all destinations for international expansion, the Philippines presents several socio-economic and legislative challenges that add complexity to the process.
So, we’ve explored everything you need to know about hiring in the Philippines — the good and the bad…