Philippine Economy Talk

[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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[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....

[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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[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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[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]

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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[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]

Shared Service Centres (SSC), Global Business Centers (GBC) like Shell, Chevron, DKS, etc. are better in terms of work-life balance and security of tenure. Captive ang market so hindi masyadong demanding ang SLAs. M-F work lang, flexible hours at work from home pa. Career path is structured at mabilis ang promotion at maraming international travels because of business process migration. Un lang parang kakainin ka nung mga puti na mawawalaan ng trabaho.

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[Monseratto]

[uls]

sigurado tataas ang inflation this year

BSP could raise interest rates

that will slow down the economy a bit

[Ketib]

sigurado tataas ang inflation this year

BSP could raise interest rates

that will slow down the economy a bit

Benefits of the savers?
Mas malaki ata tubo kung ng invest sa condo.

[uls]

Benefits of the savers?
Mas malaki ata tubo kung ng invest sa condo.

Disincentive to borrowers

Higher interest rates make borrowing more expensive

[Monseratto]

And it breaks 9,000...

Philippine shares breach 9, points for the first time | ABS-CBN News

[stayhungry]

sigurado tataas ang inflation this year

BSP could raise interest rates

that will slow down the economy a bit

Oo nga possible. That TRAIN could up inflation by a tick.

Idon't mind a slight increase in rates or a slight slow down in the economy this year though as long as over the long run it works itself out to be better.

[uls]

did i say tataas ang inflation?


Philippine Central Bank Pledges Timely Action as CPI Surges - Bloomberg

The Philippine central bank pledged to take timely action after data showed consumer prices increased at the fastest pace in more than three years in January. Stocks and the peso fell.

Inflation rose to 4 percent, up from 3.3 percent in December, the Philippine Statistics Authority said in an emailed statement on Tuesday, as the costs of food, beverages and tobacco rose. That exceeded all forecasts in a Bloomberg survey of 14 economists, and was the quickest since Oct. 2014.

BSP interest rate decision on thursday but i don't think they'll hike yet

i see rate hike in March

[Monseratto]

PSE was able to claw back...

PSEi

8,541.17

Down -74.83
Down -0.87%


While HVN loses more than 10%... end of days?

153.00

down 19.00

down 11.05%

[dreamur]

Deym...pula lahat ako...

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[dreamur]

Villar's Golden Haven at P180! Deym!

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[gongrhey]

Villar's Golden Haven at P180! Deym!

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grabe nga ito dumoble ulit nung nag 90 last week. may naglalaro kaya?

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