Government Benefits for Entrepreneurs and Freelancers

A lot of employees may take it for granted, but companies in the Philippines are compelled by law to invest in their health and future.

Take SSS, for example: out of the monthly contribution rate which is 11% of the monthly salary, Philippine employers are required to pay 7.37%, while the employee only pays 3.63%.

At retirement (usually around 60 years old), the employee will get the highest amount based from any of the three computations below:

1. The sum of P300, plus 20 percent of the average monthly salary credit, plus two percent of the average monthly salary credit for each credited year of service (CYS) in excess of ten years; or

2. Forty (40) percent of the average monthly salary credit; or

3. P1,200, if the CYS is at least 10 but less than 20; or P2,400, if the CYS is 20 or more.

That’s not a bad pension figure, after twenty years of working. (And note this: retired professionals also get a 13th month pension, just like any regular Filipino employee!)

But an employee doesn’t need to retire to enjoy the benefits that the government demands the employers to secure for their employees. A sick employee or their dependent can immediately take advantage of Philhealth’s coverage, which can include subsidies for hospital room and board fees, drugs and medicines, laboratory exams, and professional fees.

Likewise, anyone who’s dreaming of owning their dream home can apply for a loan with Pag-Ibig. That doesn’t just mean getting the government institution to help you buy a condo or townhouse—but also a fully developed residential lot (and yes, even finance the construction of a house from ground up.)

What’s good for employees is that, should they decide to concern themselves about these matters, they can always run to their companies’ Human Resources personnel to assist them with these things.

But how about those who opt to go the freelancing route? What about freelancers? What paperwork do they need to file, to make sure they are also investing in their future? Do they get the same coverage as a regular employee? Are the fees different for self-employed professionals?

“According to the Department of Science and Technology, there are already 1.5 million freelance professionals in the country—and more than 700,000 of those freelancers are registered online on our global online jobs platform Freelancer.com,” says Evan Tan, Regional Director for Southeast Asia of Freelancer.com. “We need to educate these professionals that their untraditional work setups do not hinder them from enjoying the same opportunities and benefits as regular employees.”

 

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To help freelancers and entrepreneurs understand SSS, Philhealth, and Pag-ibig memberships and coverage more comprehensively, Freelancer.com, together with premier workshops organizer Manila Workshops and Unionbank EON, has organized the Talino Talks event entitled, “Philhealth, Pag-Ibig, & SSS for Freelancers—Explained”.

Featured in the event is Dandy Victa, the founder of Manila Civil Service Review, author of “Work-at-Home Entrepreneurship: A Practical Guide for Filipinos with Disabilities”., and a Master of Entrepreneurship and Innovation degree holder at Swinburne University of Technology in Melbourne, Victoria, Australia.

The event is happening on March 19, 2016, Saturday, 1 pm, at the Freelancer.com office, 30th floor, Ecotower Building, 32nd cor 9th Avenue, Bonifacio Global City, Taguig.

Also, as an additional incentive for attending, you can get your EON card during our workshop/event for FREE. Open an EON account during the workshop/event and your first annual fee will be waived! All you need to do is drop by and bring two valid IDs. With EON, you’ll have no maintaining balance, no bank fees for Paypal credits, and now, waived annual fee for the first year. It really is the easiest and fastest way to get your Paypal payment.

RSVP here: http://j.mp/philhealthsssexplained

Freelance Insider: Let’s Pick the Brains of Amazing Pinoy Freelancers

I just came from a business strategy meeting with Chuck, one of my business partners for a tech startup company and we were talking about efficiency in operational processes. One of the things that we all need to think about as business owners is coming up with the best processes where we increase our revenues even with limited resources. As a startup founder, I have oftentimes been asked how have I kept my business running for three years. 2016 will actually be our 4th year in business. A lot of it was really done through proper planning and utilizing the right people for certain jobs.

We have the best talents in the Philippines, and it’s so easy to find people who can actually help grow your organization. A lot of these talented people are in different online freelance platforms. It’s so funny that our default response in thinking of a task associated to our businesses is either to hire a full time employee or to do the task ourselves. We oftentimes neglect the option of hiring freelancers.

Marv and I have decided to show you how amazing freelancing is through interviewing the best minds in the freelancing industry. These freelancers have professionalized their craft and are now managing these “hobbies” as their own businesses.

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The first two of the brilliant people that we will be interviewing are Martine De Luna and Fitz Villafuerte. These two lovely, lovely people have been friends of mine for years already. I always enjoy hanging out with them since I get to learn a lot from what they do. Learn with me as we talk to them on how they grew their freelance business!

I have placed the links to the sign-up form for the webinar. Each webinar is just at an affordable rate of Php 250 each.

FIW1- Martine de Luna

SIGN UP LINK: http://manilaworkshops.com/fiw1

FIW2- Fitz Villafuerte-2

SIGN UP LINK: http://manilaworkshops.com/fiw2

October Talks for Freelancers and Entrepreneurs

I’m super busy, but I’m busy-happy! I’m happy because I will be sharing a lot of my experiences and the things that I have gone through as an entrepreneur this month in these two exciting webinars and an actual live talk about blogging!

7 STEPS to a SUCCESSFUL FREELANCE BUSINESS

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My good friend and Freelancing advocate, Marv De Leon and I will be giving tips on Freelancing and working from home! Guess what?! This webinar is for free but we have limited slots only! Sign up now at: http://manilaworkshops.com/events/7steps
PAYONEER’s PREMIUM WEBINAR SERIES ON FREELANCING

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I would really recommend that you attend this FREE webinar from Payoneer. Yours truly, Rifat Ahment and Jonny Steel will be giving tips for freelancers. Sign up now at this link: PAYONEER PREMIUM WEBINAR.

RAKETONE’s BLOGGING 101

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I recently wrote about the realities of being a blogger in this link: REALITIES OF BEING A BLOGGER. I have been a blogger since 2008 and since that time, I have learned a lot about this craft. I’d like to share with you what I know and I would like to get to know you more and help you become successful bloggers. Sign up now at: RAKETONE Blogging 101

Hope to meet you ‘virtually’ or in person on these dates!