The Philippines has emerged as a leading investment destination in Asia in recent years. This is largely attributed to the efforts of investment promotion agencies (IPAs) in the country that work to attract foreign direct investment (FDI). IPAs like the Philippine Board of Investments and Philippine Economic Zone Authority offer very competitive salaries to attract top talent. Their employees enjoy handsome compensation packages consisting of base pay, various allowances and bonuses. This allows the agencies to build teams of highly qualified professionals to engage with investors and facilitate investment projects.
BOI offers attractive salary and benefits to employees
The Philippine Board of Investments (BOI) is the lead government agency responsible for promoting investments in the country. As the primary investment promotion agency, BOI offers attractive pay and benefits to recruit the best talent. The average monthly salary for entry-level professionals at BOI is around Php 60,000-80,000. Mid-level and senior roles command higher salaries in the range of Php 80,000-150,000 per month. Apart from basic pay, BOI employees also receive monthly allowances for transportation, internet/telecom, clothing, laundry, and more. There is also provision for annual salary increments and performance bonuses. BOI also provides health insurance coverage, annual leaves and other benefits to employees.
PEZA professionals enjoy pay at par with private sector
The Philippine Economic Zone Authority (PEZA) is responsible for promoting investments in special economic zones in the country. PEZA aims to offer pay scales comparable to the private sector to hire competent professionals. Salaries for new employees at PEZA typically start from Php 40,000 per month. For mid-career professionals, monthly earnings can range from Php 60,000-100,000 based on their specialized skills and experience. Directors and senior executives at PEZA earn over Php 100,000 per month on average. PEZA employees also enjoy additional allowances, healthcare benefits, insurance coverage, paid leaves and retirement benefits. The attractive pay enables PEZA to attract talent to facilitate billions of dollars worth of investments into Philippines’ economic zones.
Competitive pay at IPAs to retain top talent
Other investment promotion agencies in Philippines like the Board of Investments in the Autonomous Region of Muslim Mindanao (BOI-ARMM) and Negros Island Region (BOI-NIR) also offer competitive payscales to hire qualified employees. Entry level salaries in these regional IPAs can range from Php 30,000-50,000 per month. For mid-career and senior roles, monthly earnings are usually between Php 50,000-80,000. The payscales are quite attractive compared to average salary levels in the respective regions. Besides basic pay, regional BOI employees also enjoy additional benefits. The competitive compensation helps retain top talent within IPAs to continually improve Philippines’ standing as a favored FDI destination.
Investment promotion agencies in Philippines offer very attractive and competitive salaries to employees. Top IPAs like BOI and PEZA provide handsome compensation packages to recruit qualified professionals who can effectively engage with investors. Competitive pay enables them to attract and retain talent to facilitate foreign investment projects.