Salary hikes in the Philippines are projected to average 5.1% in 2027, slightly higher than previous years, according to global advisory, broking and solutions firm WTW. The forecast, reported by Philstar Biz, attributes the increase to intensifying competition for talent and rising operational costs across industries.
WTW, a global firm specializing in workforce compensation and risk management, noted that companies are adjusting pay scales to retain skilled employees amid a tight labor market. The 5.1% projection reflects a modest uptick from the 4.8% average hike recorded in 2026, signaling sustained upward pressure on wages.
The projected increase aligns with broader economic trends, including higher inflation and the need for employers to offer competitive compensation packages. Industries such as technology, finance, and manufacturing are expected to lead the pay adjustments, with some firms also enhancing non-salary benefits to attract talent.