A common theme in the Philippines and topic of discussion you will hear is around money. This is not surprising, as a fast growing developing country, prices are going up and salaries do not always keep up with rising costs. Furthermore, personal income tax brackets have not changed since 1987. Imagine the uproar you would have in Australia if that was the case. The “bracket creep” would make your head explode. The top tax bracket in Australia in 1987 was $35,000, where every dollar above that would be taxed at 57%. Can you imagine if the current minimum wage in Australia put you in the top tax bracket? Of course it is not yet that bad in the Philippines (due to an extremely low minimum wage), but 29 consecutive years of bracket creep do add up, and make Filipinos subject to one of the highest personal income tax rates in Asia. This is especially true if they are above entry level roles or have several years of experience, such as the high value talent we focus on hiring. In the Philippines, someone earning about $1000/month will lose a third of their salary to tax.
Productivity is very important to success, and more productive employees have higher chances of becoming more successful because they secure more achievements at work. But how does one become more productive? This isn’t always easy. Productivity is reliant on different factors, but among the most important is focus. To be more productive, one has to be able to focus on tasks and be able to accomplish them within set schedules and timelines. Less time should be wasted on distractions, and more attention given to accomplishing a task and improving in whenever possible.
What do the stories of successful small business owners have in common? They are all unique to the circumstances of the businesses or the business owners themselves. This gives truth to the opinion that traditional business advice isn’t always best served to small business owners. The road to success that small businesses take is not the same as the path taken by bigger businesses like large corporations. Given this, small business owners are better off considering their own circumstances and analyzing their chances at success within the context of their own experience and environment.
Ralph Edward or “Papi” is the easily the funniest person in Flat Planet. Even the most casual conversation with him ends up with you laughing and losing your dignity because you might’ve snorted once or twice in hilarity. It’s not easy to describe how funny he is – you have to talk to him yourself: he deals in one-liners, wisecracks, and facial contortions so describing him is a job better off left to reviewers of stand-up comedians. But he’s not in Flat Planet to make people laugh. That’s just a bonus. Papi – former online gaming guru, tattoo artist, drummer, and could’ve-been architect works as a member of one of Flat Planet’s live chat support teams. He has been on the job for almost two years, and while there are those in his line of work who might consider the tasks of a live chat support staff a tad boring, Papi finds his job not only challenging, but even enjoyable.
There have been many reports and studies about the feasibility and effectiveness of virtual teams when they’re managed well. Small businesses, in particular, greatly benefit from outsourcing/offshoring some of their work processes: the cost effectiveness of outsourcing goes without saying. For their part, many highly-skilled professionals enjoy working remotely because they have the freedom of working in their own homes or desired locations (if they’re freelance); or they get to experience working with companies overseas and learn how to further sharpen their skills (when they work in in-house, virtual talent companies like Flat Planet).
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Have you thought about hiring someone to keep your website up-to-date? What about your blog? These tasks can be accomplished by a highly qualified virtual employee working in a remote office in the Philippines at Flat Planet. Read more