If you’re considering working remotely, you’ve surely wondered (or probably felt anxious) about how much you’ll be earning as a remote worker.
Don’t worry. This doesn’t make you look greedy. A remote worker’s compensation is a valid cause for concern.
Aside from the fact that compensation is a major factor in pushing through with a job application or accepting a job offer, there is also a real risk that remote worker compensation is lower compared to that of in-office workers.
It begs the question, “Why should I be paid less for working at home when I do as much work as an office-based worker?”
However, remote workers’ and office-based workers’ compensation packages factor in the same requirements. Here are three (3) of them:
Your salary is the total amount of money that you get for the job you do or the service you provide. There are an array of factors that go into calculating your salary–your location, the cost of living in your location, educational background, your work experience, the work you are expected to do, and the company budget.
These factors may vary per client. However, one thing’s for sure, they have a huge impact on your rate.
Generally, office-based workers get more than remote workers because they are required to spend money on transportation, office attire, or meals. Remote workers who are located in urban areas also get more than those who work from the provinces due to a higher cost of living.
At Remote Staff, Filipino remote worker salaries are no longer location-dependent across the country. Whether you live in urban or rural areas in the Philippines, your rate is based on your real market value in major business centers like Makati City, Bonifacio Global City, or Pasay City.
For instance, a full-time expert-level Virtual Assistant can earn as much as PHP 60,000 anywhere in the Philippines.
There are countries whose labor laws stipulate the provision of mandatory benefits for remote workers. In the Philippines, however, the provision of certain benefits to remote workers such as 13th month pay is up to the client (unless the remote worker is an employee and not an independent contractor.)
Moreover, Filipino remote workers are also expected to process their own payments for SSS, Pag-IBIG, and PhilHealth, which takes away time for more important things.
Remote Staff values the time you spend earning an income and being with your loved ones, so we take over the burden of managing your government-mandated benefits and contributions.
Just like regular employees, Filipino remote workers are obligated to pay taxes.
This isn’t really a problem for law-abiding and responsible remote workers. But the thing is, the process of paying taxes in the Philippines can be too taxing, especially when you’re doing it on your own.
Sure, you can hire an accountant to help you out, but that costs money. And if you really want to make the most of your income, it is better to do it yourself.
Remote Staff gives you another option, though. If you get a job via Remote Staff, you won’t have to worry about paying your taxes. We will do it for you. You can focus on working and earning while we take care of your tax remittances.
4. Service Fee
Recruitment agencies are businesses, and they continue to operate via the profit they make from matching clients with remote talents. You cannot expect them to help you for free.
The common practice among recruitment agencies is that they get a cut from your monthly salary. This cut serves as payment for getting you a job.
With Remote Staff, we do things differently. Our service fee is billed to your client, and not deducted from your salary – so you always get your pay in full.
Your compensation as a remote worker can definitely set the tone for the first few months of your career. Therefore, it is a crucial subject to discuss with your client and recruitment agency.