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SALARY PAYMENT IN Philippine Peso (₱)
CONTRACT LANGUAGES Tagalog / English
PAYROLL TAX 11.75% + Provident Fund
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
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Hire and pay talents
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180+ countries
Philippines
The Philippines has a public health care system called the Philippine Health Insurance Corporation (PhilHealth). PhilHealth aims to provide health insurance coverage to all Filipinos, and it does provide sufficient care for many medical needs.
However, while the government provides public healthcare services, the quality and accessibility of healthcare can vary depending on the region and resources available. It is customary in the Philippines for those who are able to, to also subscribe to private healthcare. Private healthcare providers often offer a higher standard of medical care, modern facilities, and a wider range of specialized services.
The Philippines does have a public pension system in place. The public pension system is funded by Social Security System (SSS) monthly employee/employer contributions. These contributions are used to build up individual members’ accounts, which can be accessed upon reaching retirement age or in case of qualifying events such as disability or sickness.
In addition to the public pension, many employers voluntarily provide retirement benefits or participate in private retirement plans to attract and retain skilled employees and to support their workforce’s long-term financial security.
The Philippines Government provides disability benefits to employees through the Social Security System (SSS) contributions. The disability benefits offered by the SSS are as follows:
In the Philippines, there is no specific government-run unemployment benefit system for workers who become unemployed or lose their jobs.
Your business can easily hire employees in the Philippines without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
In the Philippines employer contributions typically include the following:
Horizons will help you cover all the mandatory benefits in the Philippines to ensure your company maintains compliance with Philippine labor laws.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
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+49 30 3119 9653
Americas
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
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71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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