Total Compensation in 2018 reached 77.1 billion pesos
Total compensation paid to employees comprising of salaries and wages, separation, terminal pay and gratuities paid by the establishment to its employees and total employer’s contribution to SSS/GSIS, ECC, PhilHealth, Pag-ibig, etc amounted to PHP77.1 billion pesos.
Financial and Insurance Activities contributed 18% of the total compensation paid in 2018 at PHP13.5 billion in total. This was followed closely by Manufacturing and Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles paying PHP13.4 billion (17%).
Average monthly compensation per employee in 2018 was valued at PHP19,339. Electricity, Gas, Steam and Air-conditioning Supply topped the 18 sectors in the region in terms of monthly compensation, where workers, on the average, were receiving PHP78 thousand monthly. Workers in the Financial and Insurance Activities followed receiving PhP 66 thousand a month.
On the other hand, workers in the Other Service Activities received, on the average, less than PHP10, 000 a month (Figure 4).
Other sectors with more than 10 percent share to the total number of workers on sub-contract agreement or under manpower agencies were Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, and Agriculture, Forestry and Fishing activities with 19 percent, and 12 percent, respectively(Figure 8).