Salary Increase 2024 Update Philippines. Learn about the driving factors behind the wage hike, its impact on various sectors, and how both employers and employees can prepare for these changes. The median salary increment for filipino workers is projected to increase 6.2% in 2024 from 6% in 2023 in response to several key factors impacting the job market.

This gradual increase allows employees to anticipate future salary adjustments while minimizing the impact on the government budget. The dbm has allocated p1.368 billion in the proposed fy 2024 national expenditure program to fund an additional p1,000 in the uniform or clothing allowance.