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Talent Solutions - Asia Pacific QMR Q4 2022 │ 43 0 0 00 0 0 2 0 a c ic Pa ici a i i i s ca i a A ai P i i i s as Asia Pacific R i ▪ Y a y a i f a i as a b '22 was 8% ▪ Year on year wage growth to Q4 2021 was 3.9%. ▪ Hiring is Difficult ▪ 2612,209 Open Vacancies (end Dec) ▪ Average time to fill is 100 Days 4 2 42 2 4 2 24 2 4 44 4 4 4 Ma Pa ici a i Ra a Pa ici a i Ra ▪ The labor code mandates equal remuneration for work of equal value and Anti-discrimination laws. ▪ According to the World Bank, women in high skilled jobs earn more than men while they earn less than men for low skilled jobs. ▪ Employment quotas for disabled people. Latest Available Data Q4 2022 2021 Total Labor Force (000s) 49,348 47,840 Employed Workers (000s) 47,128 44,539 Unemployed Workers (000s) 2,221 3,301 Unemployment Rate 4.5% 6.9% International Monetary Fund * Estimate Work Force Statistics Workforce Participation Rate by Age and Gender Inflation and Wage Growth Gender Equity and Inclusion Gender Gap Scores Compared to Region Year on year GDP Growth (%) TalentNeuron World Economic Forum Global Gender Gap Report 2022 Hiring Demand Trend by Selected Job Function Hiring Demand Trend For Vacancies ILOSTAT Philippines