This guide is particularly useful for employers who have ventured into outsourcing and are looking to maintain a happy and loyal remote workforce.
Understanding Pay Raises in the Context of Outsourcing
The concept of pay raises for remote workers, particularly virtual assistants from the Philippines, is a critical aspect of maintaining a healthy employer-employee relationship.
Initial Employment Phase
We suggest a strategic approach to salary during the initial employment phase by recommending that you start your Filipino Virtual Assistant at a salary slightly lower than their desired rate or what you believe they should earn. This strategy involves evaluating their performance for a month or two and then incrementally increasing their pay to the level it should be, typically within the first six months.
Annual Pay Raises
After the initial six-month period, we advise giving raises once per year. The amount of these raises can vary between 5% and 10% of their salary. A 10% raise is considered substantial, especially when compared to standard raises in countries like the U.S. We prefer to conduct these evaluations and implement raises in early January, basing the amount on the employee's performance over the past year.
Mid-Year Raises and Bonuses
In addition to annual raises, you may also want to consider the possibility of mid-year raises and bonuses. These are usually given as a reward for exceptional performance, loyalty, and honesty. We have occasionally given significant raises mid-year when we felt an employee deserved to earn more. Bonuses, too, are a way to show appreciation for good work, often given at the end of a particularly successful month.
No Standard Approach
There is no standard or mandatory approach to giving raises. Employers are encouraged to consider what would be fair and motivating from the perspective of their Filipino Virtual Assistant. We believe in treating remote workers as one would like to be treated in their position.
Managing pay raises for Filipino Virtual Assistants requires a thoughtful and strategic approach. By starting at a slightly lower salary and incrementally increasing it based on performance, employers can motivate their Filipino Virtual Assistants while also assessing their capabilities. Annual and mid-year raises, along with bonuses, are effective ways to reward hard work and loyalty. Remember, there’s no one-size-fits-all approach, and understanding the cultural and personal aspects of your remote team is key to a successful outsourcing relationship.
Crükus Virtual Staffing offers tailored expertise in Virtual Assistant management.
Count on us as your go-to resource whenever you need guidance in streamlining and maximizing the potential of your remote workforce.
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