DE LA PEA | DOLLETE | TEVES

A forecasting paper on:

NON-AGRICULTURAL
EMPLOYMENT SECTORS
WITH THE HIGHEST
WAGES &
COMPENSATION
NATIONALLY

INTRODUCTION

BACKGROUND

3 MILLION

RATIONALE & STATEMENT OF THE PROBLEM

This study is conducted to forecast and gain insights on which non-agricultural segment in the Philippines
gives the highest wages and compensation so that the public can decide whether which segment they would want to
engage in. In consideration with the growing unemployment rate and the rise of non-agricultural businesses, this
study is directed to provide a better prospect for jobs wherein people can obtain greater income.

This paper aims to forecast the quarterly total cash

compensation index of non-agricultural industry employees
nationally.

OBJECTIVES

OBJECTIVES
GENERAL OBJECTIVES:

To have knowledge on the amount of:

*Compensation of each non-agricultural sector on their respective workers
*Wages the workers received from various non-agricultural employment sectors

To identify which non-agricultural sector has the highest

compensation and wages
MAIN OBJECTIVE:

To provide insights to the public on which non-agricultural

sector would yield the greatest possible income

METHODOLOGY

DATA GATHERING

In this research historical quarterly national compensation and wages indices (general) data from (1st quarter of 2005 1st quarter of
2014) of the Philippines (National Statistics Monthly Journal) with 37 data points will be analyzed. Based on this data series, time
series forecasting will be conducted to forecast Compensation and Wages Index from the 2nd quarter of 2014 to the 1st quarter of 2015.

FORECASTING METHOD

TIME SERIES MODEL

In this research historical quarterly national compensation and wages indices (general) data from (1st quarter of 2005 1st quarter of
2014) of the Philippines (National Statistics Monthly Journal) with 37 data points will be analyzed. Based on this data series, time
series forecasting will be conducted to forecast Compensation and Wages Index from the 2nd quarter of 2014 to the 1st quarter of 2015.

DATA PRESENTATION

NON-AGRICULTURAL SECTORS

Mining and Quarrying

35000

30000

25000

20000

15000

10000

5000

0
Quarter 1

Quarter 2
2005

Quarter3
2006

2007

2008

Quarter 4
2009

2010

2011

2012

NON-AGRICULTURAL SECTORS

Manufacturing
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
Quarter 1
2005

Quarter 2
2006

2007

Quarter 3
2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Electricity & Water

35000

30000
25000
20000
15000
10000
5000
0
Quarter 1
2005

Quarter 2
2006

2007

Quarter 3
2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Transportation
40000

35000
30000
25000
20000
15000
10000
5000
0
Quarter 1
2005

Quarter 2
2006

2007

Quarter 3
2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Wholesale & Retail Trade

18000
16000
14000
12000
10000
8000
6000

4000
2000
0
Quarter 1
2005

Quarter 2
2006

2007

Quarter 3
2008

2009

Quarte 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Construction
25000

20000

15000

10000

5000

Quarter 1

Quarter 2
2005

2006

Quarter 3
2007

2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Private Services
45000

40000

35000

30000

25000

20000

15000

10000

5000

0
Quarter 1

Quarter 2
2005

2006

Quarter 3
2007

2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Real Estate
12000

10000

8000

6000

4000

2000

0
Quarter 1

Quarter 2
2005

2006

Quarter 3
2007

2008

2009

Quarter 4
2010

2011

2012

NON-AGRICULTURAL SECTORS

Finance
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
Quarter1

Quarter2
2005

2006

Quarter3
2007

2008

2009

Quarter4
2010

2011

2012