The Department of Finance’s Small Business Wage Subsidy Php 51 billion program offers employees cash subsidies to formal workers of small businesses affected by COVID-19. The subsidy is quite generous reaching up to Php 8,000 for NCR, payable in two tranches: This is a great help to many employees especially those whose companies are closed […]
Hindsight is the greatest teacher. While people are suffering due to the no work no pay policy during the ECQ, I cannot help but think that there’s invaluable lessons for employees from this ECQ experience. Not everyone goes through the same ECQ experience. Some people suffer than most. While many complain about not having any […]
HOW TO SUPPORT STAFF DURING LOCKDOWN It’s all about money disbursement. Management can get money from the four ways: 1. Pro-rated 13th month pay 2. Salary loan with or without interest 3. Financial aid or “free” money. This is also what no work with pay is all about. Or gifting an allowance. 4. Leaves if […]
ALWAYS LOOK IN TERMS OF POPULATION People have been hawking how bad the Philippines is to be #1 of confirmed cases in Southeast Asia. We have the most confirmed cases so we must be #1: But I think this is misleading. We have to look at the numbers taking population in consideration. then we see […]
Over the last month, our family has spent a lot of quality time with each other as we generally followed through the government mandated Expanded Community Quarantine (ECQ). 1. I worked… The first two weeks, I closed the 2019 ledgers which are long overdue. I never got the chance to do this before since I’ve […]
1. It doesn’t matter how much money you have. Rich people can be unhappy and shoot themselves. It’s better to be poor and alive than to be wealthy and dead. 2. It’s hard to be disciplined if those that lead are not. Paano hindi titigil ang sabong if kasama si kapitan at kagawad? In good […]
After the President’s Expanded Community Lockdown last March 17, everybody is asked to stay at home and self-quarantine. In our condominium, our building’s board of trustees made the critical decision to ask our frontliners to stay in the condo. These frontliners include the building admin (1), security guards (8), maintenance (3), janitor (2), gardener (1) […]
How did ECQ affect your industry? We are in the retail industry so all mall are closed. So our entire operations is temporarily closed, and there’s no work, no pay for our company. What kinds of challenges did ECQ bring in managing people? According to Benjamin Franklin, “It is the working man who is the […]
It’s time for businessmen to step up in an emergency. COVID-19 is not under the government’s control. Every country is experiencing this, and everyone is affected. The main question we businessmen is, “What have we done for our own staff?” The government helps but the buck stops with us. The government has already prepared the […]
There’s a lot of things we need to reflect on while we are in Expanded Community Lockdown. As I am at home, sipping my coffee and catching up on work, I realized that not everyone is as calm as me. Many businessmen are anxious, shouting “bankruptcy” even if it’s just the 12th day of temporary […]
1. Make sure you have savings to tide you even with a 6 month lockdown. Stop buying luxurious things if you don’t have any savings —- Do you really need a pair of Valentino shoes? 2. Work for a company that takes care of its employees. Reconsider freelance work. When crisis happens, nobody protects you. […]
Last March 14, Saturday, I was fortunate enough to attend the Salcedo Auction‘s Important Philippine Art Auction that was held at the NEX Tower. There were around 202 items that were to be auctioned, and many of the works of the great masters were up for auction. My father was a great lover of art, […]