13th Month Pay: Mandatory in the Philippines

The 13th month pay in the Philippines is one reason why every employee eagerly anticipates the coming of December. The last month of the year brings with it not only the joyous yuletide season but also a lot of bonuses. Aside from company incentives, employers are required by law to shell out funds for their employees’ 13th month pay. The outsourcing industry in the Philippines is not exempted from this mandate.  The only entities not required under this law are the government,... Read More

Outsourcing: An Efficient Way of Running a Business

There are 24 hours in a day.  An average adult needs about six to eight hours of sleep daily.  In a day, it takes about an aggregate of three hours on the average for a person to take a shower, chomp on his meals, gulp the beverage, take vitamins, etc.  And let’s just say the daily commute from home to work would be about two hours per day on the average with around eight hours on the job.  That just leaves you with about three hours to do any leisurely activity.  Nevertheless,... Read More

How Outsourcing Started

image credit://computerwoche During the early 90s, companies were looking for new business models to adopt in view of the developments and changes in the world market.  In view of the looming financial difficulties that abound them, multinational companies resorted to low-cost locations where they would conduct their operations.  These destinations include India and the Philippines.  Apparently, setting up bases in offshore locations significantly reduced the operating costs... Read More