I just saw this because Jojo Paderes had his status in GTalk pointing to this link.
According to Mercer, the Philippines is still one of the cheapest IT outsourcing destination in the world. The figures states that as of 2007 IT Managers in Manila only earn $22,280/year on an averaged ranking third compared to Switzerland, the highest paying country which has their IT managers average a whooping $140,960/year[link].
|
Figure 1* |
| IT Manager: 10 top-paying countries (various currencies) |
| |
|
Local |
USD |
EUR |
GBP |
| 1 |
Switzerland |
176,920 |
140,960 |
110,990 |
74,150 |
| 2 |
Denmark |
722,310 |
123,080 |
96,890 |
64,750 |
| 3 |
Belgium |
95,380 |
121,170 |
95,380 |
63,760 |
| 4 |
UK |
62,180 |
118,190 |
93,090 |
62,180 |
| 5 |
Ireland |
85,200 |
108,230 |
85,200 |
56,950 |
| 6 |
US |
107,500 |
107,500 |
84,650 |
56,550 |
| 7 |
Germany |
84,020 |
106,730 |
84,020 |
56,160 |
| 8 |
Canada |
106,000 |
93,860 |
73,870 |
49,370 |
| 9 |
Hong Kong (China) |
702,720 |
90,340 |
71,120 |
47,530 |
| 10 |
Australia |
115,480 |
88,850 |
69,950 |
46,740 | |
| Figure 2* |
|
| IT Manager: 10 lowest-paying countries (various currencies) |
|
|
Local |
USD |
EUR |
GBP |
| 1 |
Vietnam |
15,470 |
15,470 |
12,180 |
8,140 |
| 2 |
Bulgaria |
34,25o |
22,240 |
17,510 |
11,700 |
| 3 |
Philippines |
1,106,700 |
22,280 |
17,540 |
11,720 |
| 4 |
India |
1,120,490 |
25,000 |
19,680 |
13,150 |
| 5 |
Indonesia |
289,155,000 |
31,720 |
24,970 |
16,690 |
| 6 |
China (Shanghai) |
265,810 |
33,770 |
26,580 |
17,770 |
| 7 |
Malaysia |
129,930 |
35,260 |
28,040 |
18,740 |
| 8 |
Czech Republic |
791,430 |
35,880 |
28,250 |
18,880 |
| 9 |
China (Beijing) |
285,130 |
36,220 |
28,520 |
19,060 |
| 10 |
Argentina |
133,040 |
43,180 |
33,990 |
22,720 | |
| Figure 3* |
Figure 4* |
| IT Manager: 5 highest paying positions in Asia |
| |
|
Local |
USD |
| 1 |
Hong Kong |
1 702,723.00 |
90,344.03 |
| 2 |
Australia |
2 115,483.00 |
88,846.75 |
| 3 |
Japan |
3 10,347,000.00 |
87,638.17 |
| 4 |
South Korea |
4 69,374,000.00 |
74,022.62 |
| 5 |
Singapore |
5 104,127.00 |
66,615.70 | |
| IT Manager: 5 lowest paying positions in Asia |
| |
|
Local |
USD |
| 1 |
Vietnam |
1 15,473.00 |
15,473.00 |
| 2 |
Philippines |
2 1,106,700.00 |
22,281.05 |
| 3 |
India |
3 1,120,486.00 |
24,996.90 |
| 4 |
Indonesia |
4 289,155,000.00 |
31,721.24 |
| 5 |
China - Shanghai |
5 265,814.00 |
33,768.74 | |
*Note:
-
Average total cash compensation includes base pay and annual bonus.
-
Foreign exchange conversions were made as of November 2006.
-
Source: Mercer: 2007 IT Pay around the World. |
You can treat the numbers above in different ways... either Manila is not getting the big piece of the pie because we are undervalued (considering that we are the largest english speaking nation in Asia) or... That we can attract more companies to outsource to Manila because we are talented and cheap enough to do projects for other countries which means a larger economic growth for our country.
I think the numbers above would fluctuate specially knowing that the US Dollar is currently in a slow decline and Euro starting to dominate the markets.
The Philippines has a great talent pool when it comes to IT and most of the them work hard to hone their skills even if they don't get paid that much. That's what I call responsibility and commitment to bringing ang building a world class application from a truely world class workforce.
Hayy, I hope Manila gets a bigger piece of the pie :( Till then, Mabuhay ka Filipino Developer!
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