NSO  SURVEY  SHOWS  BANKS,  UTILITY  FIRMS  OFFER  HIGH-PAYING  JOBS

MANILA, DECEMBER 7, 2007
(STAR) For Filipinos who would rather find jobs here than abroad, banks and utility companies offer the best options, a survey by the National Statistics Office (NSO) showed.

NSO administrator Carmelita Ericta yesterday revealed the findings of the economy-wide results of the 2005 Annual Survey of Philippine Business and Industry (ASPBI).

The NSO clarified that while the title survey used the year 2005, it was only in April 2006 when they distributed the questionnaires and final results were made available this year.

Increases in annual compensation were noted in 19,827 establishments surveyed.

Those employed in banks received the highest compensation with about P329,281 a year.

Those working for utility firms such as gas, electricity and water supply earn an average of P311,073 while employees in transport and communication industries posted P231,050.

Those working in hotels and restaurants received the lowest compensation among the 14 sectors with annual salary and benefits of P66,632.

But while this was so, Ericta said the workers “rely on tips and on the 10 percent extra charge imposed by some establishments as added income.”

While many Filipinos lament the high cost of electricity, gas and water, Ericta said it was good to know that a portion of the consumers’ payments go to the salaries of the employees.

“Companies such as the Manila Electric Co. are capital-intensive. They hire high-skilled workers and the company pays them for their skills,” she added.

The NSO divided the 14 sectors into three groups.

In terms of revenue for all establishments, the industry group comprised of mining and quarrying; manufacturing; electricity, gas and water; construction makes up 50 percent.

The services sector made up of wholesale and retail trade, repair of motor vehicles, motorcycles and personal household goods; hotels and restaurants; transport, storage and communications; financial intermediation; real estate, renting and other business activities; private education; health and social work; and other community, social and personal service activities contribute 49 percent of the revenue.

The remaining one percent is from the agriculture group that includes agriculture, hunting and forestry, and fishing. This group does not refer to farm households.

This survey conducted by the NSO supports the claim that the Philippine economy has improved in the last five years, Ericta said. – Evelyn Macairan


Chief News Editor: Sol Jose Vanzi

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