Human workforce is the great asset of every business that company suffers if they do not perform well and wins if they do. To achieve whatever company goal is, employers are obliged to take care of its manpower by giving them proper benefits and privileges as mandated by the government. This is to ensure job satisfaction and increase work performance for positive result or impact to the company aside from their weekly or monthly wage. Support Staff in the Philippines abide the benefits as mandated by the Department of Labor to our employees such as: Insurance program set by the government for all wage earners in the private sectors where members are required to contribute a certain amount depending on salary bracket. ER – Employer EE – Employees Of the 12% contribution rate, the employees pay 4% through monthly salary deductions while the employers shoulder the remaining 8%. As member of SSS, employees are automatically entitled to these benefits: Health insurance program for private employees providing financial aid and services for health care. The computation starts at 2.75% of the basic salary per month, and the payment is equally shared by employer and employee. Sample computation: Benefits includes: The PAG-IBIG contributions are shared by employees and employers. These 3 employees’ government mandatory share of contribution is deducted from the monthly salary while employers pay their share of contribution for every employee where this amount must not be deducted from employee’s salary. Other Employees Benefits In my next blog, I will define and explain in detail what these benefits are because we will be talking about the holidays in the Philippines and other non-governmental but company discretion incentives and bonuses benefits. Anyways, from the above perspective, the contribution of both employees and employers are very affordable so that every BPO company in the Philippines can provide what is right for the employee. Support Staff abide by the implementing guidelines on labor laws that make a comfortable and happy workplace, honesty, and transparency to our employees. Want to partner with us not just as clients but partnership, send us a message at customer.service@supportstaffph.com or click here.
Month: March 2023
What is the labor cost in the Philippines?
In the Philippines, the Business Process Outsourcing (BPO) industry usually pays above minimum wage and most start with an average of 300 USD per month. That is approximately around 15000 pesos depending on the currency exchange rate. From a business perspective, it is at a reasonable price. But what is the current daily minimum wage in the Philippines? The Philippines has a daily minimum wage rate that varies from region to region (17 regions) ranging from P290 ($5.70) to P537($10.61) 8 hours a day. Source: Department of Labor and Employment (DOLE) / National Wages and Productivity Commission Source: Department of Labor and Employment (DOLE) / National Wages and Productivity Commission Support Staff operation is in Cebu City, Cebu Province, Region VII, Central Visayas. The current minimum wage in Metro Cebu is at P404 ($8.15) per day for 8 hours of work. In most cases, BPO industries in the Philippines do not pay the employees hourly instead monthly fixed rate ranges from P13,000 ($260) to P25,000 ($500) excluding incentives and bonuses if applicable. But managerial or supervisory roles are much higher than the ordinary role of agents. For programmers like software developer/Engineer and other tech-skilled positions, mostly it ranges from P30,000 ($600) to P65,000 ($1300) depending on number of experience and skills expertise. Way back when I was still locally employed 13 years ago where I learned different tech skills, I was compensated at minimum wage because our tasks were more on production even though the project was more on HTML/XHTML, CSS tagging/coding. Though it was ridiculously cheap, I feel no regret because I was able to use and maximize my experience and skills to apply for another job at another company. For administrative/clerical works, most companies either BPO or non-BPO are usually based on regional minimum wage. So, do you now have an idea where to outsource your work to control and reduce your manpower cost yet committed and talented workers, click here to send us a message. Our lovable and smart customer service representative is ready to keep in touch with you.