Maximize Your Business Potential with Full-Time Remote Staff
In this post, we cover:
How do full-time and part-time employees differ from each other?
What advantages do hiring full-time employees offer over hiring part-time employees?
What are the essential benefits that you should offer to your full-time staff members in the Philippines?
What factors should you consider when determining whether you're prepared to hire full-time staff?
#1 — How do full-time and part-time employees differ from each other?
A significant distinction between full-time and part-time employees is the number of hours they work.
Individuals who work at least 30 hours per week are considered full-time employees, while those who work fewer hours are classified as part-time workers.
Full-time employees typically receive higher salaries and enjoy a more extensive range of benefits, such as paid time off and health insurance. Part-time employees usually do not qualify for benefits, or they may receive less comprehensive coverage when they do.
To ensure a positive workplace experience for all employees, consider providing some benefits to part-time workers, such as flexible schedules or paid sick leave. Additionally, offering training and development opportunities can help part-timers advance their skills and advance within the company.
#2 — What advantages do hiring full-time employees offer over hiring part-time employees?
It’s possible to establish both knowledge and trust within a company
This is an added advantage exclusive to full-time employees. By hiring full-time workers, you have the opportunity to train them personally in their first weeks and provide them with ongoing training opportunities over the following months. Regular training helps your employees to develop new skills, become more proficient in their roles, and contribute to the success of your business. Moreover, investing in your employees' growth demonstrates that you value them and can prevent them from leaving and taking their knowledge and expertise with them, which is not the case with part-time employees who have a more temporary relationship with your company.
Enhanced productivity and efficiency
Typically, full-time employees work for 40 hours a week, and if the delegation of tasks is done efficiently, they can accomplish numerous tasks within this timeframe. This can lead to employees being capable of independently managing business operations while the employer is away. However, part-time employees may not be as efficient as full-time employees due to their shorter work hours and lack of engagement or familiarity with their responsibilities.
Consistency can be observed in both communication and work output
Part-time employees may not be entirely dependable as they often juggle other side jobs and commitments, making it challenging to reach them in case of any concerns. Inconsistencies in their work quality may also arise, with some days producing good work while others do not meet the required standards. In contrast, full-time employees offer the advantage of having everyone work on the same schedule. This makes planning for meetings and feedback on projects more convenient, and resolving any issues can be done much faster.
#3 — What are the essential benefits that you should offer to your full-time staff members in the Philippines?
It’s essential to acknowledge the hard work put in by full-time employees who dedicate a considerable portion of their time to managing business operations. They should be treated with the respect and appreciation they deserve as valued members of the team.
To ensure job satisfaction and happiness among Filipino employees, the following can be provided:
Advantages
Providing additional benefits can be advantageous in attracting and retaining exceptional employees on your team.
To ensure a happy and productive remote Filipino team, consider offering the following:
Provide access to training courses.
Provide 13th-month pay, which is basically a Christmas bonus worth a month’s salary
Allocate a remote work stipend.
Time Off
Maintaining a work-life balance is essential to prevent employee burnout. In the Philippines, workers are entitled to 5 service incentive leaves that they can use for vacations, sickness, or personal days. However, many companies offer more than the required leaves to remain competitive. A comprehensive benefits package could include 15 paid vacation leaves, 15 paid sick leaves, maternity leaves, paternity leaves, and solo parenting leaves.
Competitive Salaries
To hire remote Filipino employees working full-time, expect to pay $10,000 to $12,000 a year or more for experienced professionals. Be prepared to offer overtime pay of 25% of their hourly rate for busier days or increase their salary pay of up to $15,000 annually to attract top Filipino talent. Pay your team on time, as they usually get paid twice a month, on the days 15 and 30 of the month.
#4 — What factors should you consider when determining whether you’re prepared to hire full-time staff?
Making the decision to hire any employee is a significant step, but committing to full-time workers requires extra consideration. To determine whether hiring full-time employees is the best option for your company, you should consider asking yourself the following questions:
Can the workload be consistently maintained?
Consider the nature of the tasks required for the job position. For instance, if the job involves a lot of customer interaction, such as responding to emails and phone calls, it may be more practical to hire a full-time employee like a Customer Service Representative. On the other hand, if the work is more project-based, like designing a logo or creating a website, it may be feasible to start with a part-time worker and then transition to full-time as the workload increases.
Ultimately, the decision to hire full-time or part-time depends on the amount and type of work required, as well as the company's budget and resources.
Can you afford it financially?
Offering full-time positions to employees can be expensive, but offshore talent from the Philippines can be a cost-effective alternative. On average, hiring a full-time remote worker in the Philippines who works for 40 hours a week only costs around $10,000 to $12,000 per year, depending on their experience and scope of work.
How do you envision the future of your business?
During the initial phases of your business, there may not be a need to hire full-time employees. However, when you find it hard to separate work from your personal life, it’s an indication that you require additional help.
Partner with Interstellar and save up to 80% on hiring costs
Start building your remote team or hiring your first remote staff today. Partner with us to find the right talent for your business. We want you to focus your time on growing your business and less on finding the right people for it.
