| Currency | Payroll Frequency | Employer Taxes |
| Philippine Peso (PHP) | Monthly | Approximately, 20% – 35% |
Introduction
The Philippines is a Southeast Asian country located in the western Pacific Ocean. It is a major player in the region and has a population of around 108 million people. The country has a diverse and growing economy, with a range of industries including agriculture, manufacturing, and services.
The service sector is a major contributor to the Philippine economy, with a focus on finance, business services, and tourism. The country has a well-developed financial sector, with a range of banks, insurance companies, and other financial institutions operating in the country.
In addition to this, the Philippines has a growing tourism industry, with around 7 million visitors each year.
How can PEO solutions help?
Imagine the ability to hire across country boundaries at scale and without having to worry about the legal and employee administration process of your employee. That’s how PEO solutions work.
By providing total workforce management solutions, AYP Group is able to help you manage payroll, distribute competitive employee benefits packages, and ensure that your business is compliant with the relevant local legislation wherever your employees are based.
How much would PEO Solutions cost?
The range of solution providers of PEO solutions can range from USD300 per employee to USD650 per employee. View AYP Group’s transparent list of solutions for your worker types here.
Find out about AYP’s total workforce management solution today!
Learn more about AYP Global Pay, Asia Pacific’s smartest People and Payroll Management System.
Contact our HR specialists to learn more.