ICT workers post top national average monthly wage

THE Information and Communications Technology (ICT) industry posted the highest average monthly wage in 2024, according to the results of the Occupational Wages Survey reported by the Philippine Statistics Authority (PSA).

- By Erika Mae P. Sinaking

The PSA said the study defined wages as “the sum of basic pay and regular cash allowances.”

ICT basic pay averaged P40,931 with allowances of P2,745, resulting in an average wage of P43,676.

The professional, scientific, and technical activities occupations reported a total wage of P36,096, comprising basic pay of P32,553 and an allowance of P3,543.

Wages for the electricity, gas, steam, and air conditioning supply occupations had a wage of P35,188, with a basic pay of P31,062 as well as the highest monthly allowance of P4,127.

Geoffrey M. Ducanes, Director of the Ateneo de Manila Center for Economic Research and Development, said in an email that the ICT wages reflect “stronger demand for ICT workers and other professionals relative to their supply.”

He cited the “implicit belief” among employers that ICT workers and other professionals will contribute value exceeding their compensation. He added that strong wages representa “signal that should attract more people to get the training to go into these fields.”