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WORK LIFE | Salary Report 2017: Here’s how to find out if your pay is right

Philip Gioca, JobStreet.com country manager in the Philippines, presents the site's annual Salary Reports and Job Trends in a press conference held in Makati. Photo by Romsanne Ortiguero, InterAksyon.

Philip Gioca, JobStreet.com country manager in the Philippines, presents the site’s annual Salary Reports and Job Trends in a press conference held in Makati. Photo by Romsanne Ortiguero, InterAksyon.

Looking for a well-paying job?

JobStreet, one of the leading online employment market place in the country recently revealed the highest paying jobs in the country for 2017.

Philip Gioca, JobStreet.com country manager in the Philippines said in a press conference held Wednesday in Makati City, “The number one and has been consistently highest paid (job) are the IT-related (jobs). They are the ones who work as web developers, software developers, and system administrators.”

According to the Salary Reports and Job Trends Initial Data report shown by JobStreet, junior executives and supervisory levels in IT-related industries are the top paid professionals with earnings amounting to Php37, 034 and Php 68,723 respectively.

For the managerial level, professionals with IT-related jobs have the second highest salary amounting to Php91,100.

JobStreet's Salary Report 2017. Infographics courtesy of JobStreet.

JobStreet’s Salary Report 2017. Infographics courtesy of JobStreet.

Those working in the industries of law/legal services and training and development placed second and third respectively as the highest paying jobs for the junior level.

For the supervisory level, the highest paid ones are those in the fields of actuarial science/statistics and law/legal services, with the former placing second and the latter, third.

JobStreet's Salary Report 2017. Infographics courtesy of JobStreet.

JobStreet’s Salary Report 2017. Infographics courtesy of JobStreet.

For the level of managers and up, the profession with the highest paid job is in corporate strategy. It is followed by jobs that are IT-related on second place, and jobs in actuarial science/statistics, which placed third.

JobStreet's Salary Report 2017. Infographics courtesy of JobStreet.

JobStreet’s Salary Report 2017. Infographics courtesy of JobStreet.

“If you notice, this is the trend in the last three years for this top three highest paid jobs in the Philippines,” Gioca said.

Gioca goes to share that the BPO industry remains to be the top provider of jobs in the country.

“The BPO (industry) continues to thrive. It is still projected that BPOs will be generating 20% to 25 % growth every year in the next five years with the industry hiring  a more diversified mix of specializations,” he said,and explained the industry is also hiring professionals with specialized skills such as those with a nursing background.

More demand for employees are seen in the industries of general and wholesale trading, software, and transportation and logistics.

The report also showed an increase in job opportunities in the province, and a growth in number of jobs in SMEs (small and medium enterprise) in the last three years.

“Five years ago, we started looking at Cebu, Davao, and we saw that there are jobs being offered there specifically for manufacturing, BPOs. But now bukod sa industry, dumagdag pa yung ibang provinces,” Gioca said.

“Cebu, Bacolod, Iloilo, Davao, Cagayan De Oro, Cavite, Laguna, Batangas, Pampanga, and Northen Luzon such as Tarlac–those are the cities that actually improving or increasing in terms of job offerings,” he added.

JobStreet’s report shows that currently, 44% of jobs are located in the provinces compared 41% in 2015, and 28% in 2014.

Bonuses
In a survey conducted by JobStreet in November 2016, which generated around 750 respondents from employees, and around 80 respondents from their employers, those in the middle management level and staff level are the ones enjoying the most number of bonuses.

Cielo Sonza, JobStreet’s country marketing manager revealed, “The middle management that gets most number of bonuses at almost +4 months for guaranteed bonuses..For the non-guaranteed, those who receive the highest are those in the staff level at almost three months.”

Guaranteed bonuses are the bonuses received by employees beyond the 13th month mandatory pay; while the non-guaranteed bonuses depends on the discretion of employer, and is more known as performance bonus.

The most generous industries when it comes to giving guaranteed bonuses are retail, consumer durables and apparel, and insurance.

For the non-guaranteed, the most generous industries are transportation and logistics, consumer durables and apparel, and materials and construction.

Applicants more than available jobs
While there is an increase of job opportunities in the provinces, the number of applicants is still greater than the available jobs. Jobs-skills mismatch crisis also remains a reality.

“The number of people looking for jobs is still more than the number of jobs being offered. It will always be like that. We have 10 (job seekers) for every one job. Unfortunately, out of the ten, five of them are not qualified. Even if the job is available for them, half of them are not qualified. That’s why there is a mismatch,” Gioca told InterAksyon.

To help job seekers be noticed by employers, Gioca underscored the importance of creating a good profile, and truthfully stating credentials.

“Put on your resume and CV (curriculum vitae) even if you’re still studying. Show (in your profile) that you are ready to face a working environment. It is important to indicate your internship, job training, and your ability to be a leader because these are being  looked at,” Gioca advised.

Employers are also looking for candidates with good English and communication skills.

“A good resume states what are your experiences, states yourbackground in terms of projects, and how you were able to solve problems. You have to convey it in proper English. HR personnel are very meticulous in reading resumes. They’ve been doing this for a long time,  they know already if its true or not. They can verify it,” he said.

Building a good resume is the first step to be noticed by employers. Another is leaving a good impression on interviews.

“The other phase is the interview, which is more important. A lot of people are not professional enough to be on time. They say ‘yes,’ but they won’t actually go. This is an indication that you are not fit for the job. As an employer, I want someone who is early in the office, who works there on time, and very professional,” Gioca said.

“Do not create stories. Convey the answers to their questions truthfully,” he added.

InterAksyon.com
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