The Philippine economy is expected to improve, reinforcing its status as one of the fastest growing economies in Southeast Asia. The Philippines remains an attractive country in which to do business due to relatively low labor costs and largely bilingual workforce.
According to the Philippine Statistics Authority, the Philippine employment rate in November 2023 increased to 96.4 percent, from 95.8 percent in November 2022, and in October 2023. The country's unemployment rate fell to its lowest level of 4.2 percent in October last year. This shows the successful initiatives of the government aimed at enhancing employment opportunities and labor conditions that resulted in a robust labor force participation.
The Guide to Philippine Employment Laws for the Private Sectors is intended to provide employers and human resources professionals with a comprehensive overview of the key aspects of Philippine labor law. It covers the entire life cycle of the employment relationship from hiring through to termination, with information on working terms and conditions, family rights, personnel policies, workplace safety and discrimination. The guide links to our global handbooks, which include information for the Philippines on immigration and data privacy. The guide also contains information on the employment implications of share and asset sales.
For questions and additional information on this primer, contact the authors.