Recent developments in the Philippines
We understand the challenges of keeping up with changing laws and regulations. That’s why we actively monitor these changes, so you don’t have to. Read on to discover what’s been happening in the employment landscape in the Philippines.
Incentives for employers and private players
The government will incentivise employers and private players who facilitate skills development and knowledge sharing among businesses and workers.
National employment master plan
President Ferdinand Marcos Jr. signed into law a measure creating an employment master plan for the Philippines, known as the Trabaho Para sa Bayan Act. This law aims to boost employment recovery and provide more jobs to Filipinos. It addresses issues such as low-quality jobs, skills mismatch, and underemployment, and promotes the use of digital technologies.
Contributions on Health Insurance Corporation (2024)
Effective January 2024, the monthly salary cap for the Philippines Health Insurance Corporation (PhilHealth) increased to 100,000 PHP (previously 80,000 PHP). The employer and employee’s rate increased to 2.5%, previously 2%.
Contributions on Home Development Mutual Fund (2024)
Effective February 2024, the maximum salary cap for the Home Development Mutual Fund (HDMF) increases to 10,000 PHP (previously 5,000 PHP). The employer and employee’s contribution increases to 2%, previously 1%.
Employment & labour laws and regulations report (2023)
This report cover various issues in employment and labour laws and regulations, including employment terms and conditions, employee representation and industrial relations, tackling discrimination, navigating maternity and family leave rights, and understanding the implications of business sales on employment. The report ensures you have the necessary knowledge to manage your workforce effectively.
