Philippine Economy Talk

[c_cube]

USDPHP breaks above 51

despite the weak dollar

Yeah.

Checked earlier

BDO - 51.10

*#&%$*;!&%(€€*£#;#,*_*;'.#;×;*_**(!;!

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[uls]

etong stock market natin halos 9000 na

ibig sabihin madami foreign money pumapasok

at kakalipas lang ng December sigurado madami OFW dollar pumasok

tapos 51 ang dollar

anu nangyayari?

ganyan kalakas ang demand for dollar?


--


must be reaction to lower than expected Q4 GDP

[StockEngine]

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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[dreamur]

edged out by vietnam...

PH economy grows 6.7% in 2017 - YouTube

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Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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[StockEngine]

Funny that the economic growth is fueled by the BPO industry which is made up of mostly sosy and elite employees.

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1.8M employees ano kaya average income nitong mga BPO...

[dreamur]

1.8M employees ano kaya average income nitong mga BPO...

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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[SpinCycle]

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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Did the entry level basic salary increase recently? A few years ago it was around 13-15k for the entry level.

For IT related jobs, it can range from 15k all up to 30k for the entry level.


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[dreamur]

Did the entry level basic salary increase recently? A few years ago it was around 13-15k for the entry level.

For IT related jobs, it can range from 15k all up to 30k for the entry level.


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Yes, based on a benchmarking study by Tower Watson.

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[jut703]

Come to think of it - BPO actually pays quite well. Makes me wonder though - how come BPO has somewhat of a bad rap in the working world? When I entered the workforce a few years back, BPO was regarded as a second-rate industry.

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[CVT]

etong stock market natin halos 9000 na

ibig sabihin madami foreign money pumapasok

at kakalipas lang ng December sigurado madami OFW dollar pumasok

tapos 51 ang dollar

anu nangyayari?

ganyan kalakas ang demand for dollar?


--


must be reaction to lower than expected Q4 GDP

From what I understand, mukhang more local money ang nasa loob ng stock market, bro.

[chronicle]

Come to think of it - BPO actually pays quite well. Makes me wonder though - how come BPO has somewhat of a bad rap in the working world? When I entered the workforce a few years back, BPO was regarded as a second-rate industry.

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That is because it even out the playing field. Di graduate pero kumikita ng mas malaki compared to graduates. Nainggit yung mga pro.

Also, some employees are palengkera. Kaya nagkakaron tuloy nang impression na 2nd rate job sya.

[jut703]

That is because it even out the playing field. Di graduate pero kumikita ng mas malaki compared to graduates. Nainggit yung mga pro.

Also, some employees are palengkera. Kaya nagkakaron tuloy nang impression na 2nd rate job sya.

Mukhang yun nga bro. But that's the reality - the job market is also subject to the laws of supply and demand. Heck, PBA players earn more than many doctors, engineers, lawyers but obviously the latter have more crucial jobs. Just that the PBA brings in more money which in turn allows them to give higher wages to a small pool of (relatively elite) ballers. That's just the way it is.

Although when I was job-hunting, the starting pay of BPOs still didn't compare to the starting pay of most traditional job offers I got.

Maybe compared to nurses and teachers, yes mas mataas talaga BPO - but again that's a function of demand. You can always argue that nurses and teachers have more fulfilling roles in building the society, but at the end of the day people have families to feed and if their meager job can't give them the resources then there's nothing wrong with going for more lucrative pastures in the BPO industry.



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[CVT]

Entry level employees are getting somewhere between P20K to P25K/month. Top executives have minimum salary of P300K (excluding bonuses).

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Isa sa mga benchmarks ng mga global shared services companies ang mga BPOs for salaries and benefits....

[uls]

From what I understand, mukhang more local money ang nasa loob ng stock market, bro.

Sir,

Jan. 22 ito...




there's local money but local money is not enough to move local stocks like that

[CVT]

Sir,

Jan. 22 ito...




there's local money but local money is not enough to move local stocks like that

Noted and thanks bro.

Huli pala ako sa balita...

[uls]

the weak dollar is driving foreign money into emerging markets

kaya madami pera pumapasok sa PSE

[chronicle]

Mukhang yun nga bro. But that's the reality - the job market is also subject to the laws of supply and demand. Heck, PBA players earn more than many doctors, engineers, lawyers but obviously the latter have more crucial jobs. Just that the PBA brings in more money which in turn allows them to give higher wages to a small pool of (relatively elite) ballers. That's just the way it is.

Although when I was job-hunting, the starting pay of BPOs still didn't compare to the starting pay of most traditional job offers I got.

Maybe compared to nurses and teachers, yes mas mataas talaga BPO - but again that's a function of demand. You can always argue that nurses and teachers have more fulfilling roles in building the society, but at the end of the day people have families to feed and if their meager job can't give them the resources then there's nothing wrong with going for more lucrative pastures in the BPO industry.



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Add to that the filipino oldies are very traditional and sometimes racist when it comes to jobs. some cant adjust to the current trends.

[dreamur]

Come to think of it - BPO actually pays quite well. Makes me wonder though - how come BPO has somewhat of a bad rap in the working world? When I entered the workforce a few years back, BPO was regarded as a second-rate industry.

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I think it has to do with the culture. The night shift duty forces the employees to re-program their body clock to stay awake at night. This is causing health issues in the long run. They virtually do not have the luxury to go night out or enjoy the weekends or holidays as they are required to support 24x7, so they resort to booze and smoke (and drugs). Of course the pay and the sign-on bonus make it bearable.

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[dreamur]

Isa sa mga benchmarks ng mga global shared services companies ang mga BPOs for salaries and benefits....

Tama bro. BPO, SSC, GBP, etc. belong to the same industry when comp-ben is considered. Some bigger BPOs have better package than SSCs but are less stable and attrition is quite high.

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[dreamur]

Add to that the filipino oldies are very traditional and sometimes racist when it comes to jobs. some cant adjust to the current trends.

My daughter's first job was in the BPO sector supporting the Uber operations. For almost 2 years we seldom see each other as she spent her free time sleeping. She could not join us for weekend mall trips, church visits and vacations as she had to work on weekends and holidays. Rest days were mid-week which she spent sleeping. It was very unhealthy so we finally convinced her to leave the company and look for a day job. Now she is contented with her new day job plus she rides free with the shopping.

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