MANILA, PHILIPPINES — Remote International Employment with employee benefits compliant to Philippine labor laws is not so far from reach anymore. All thanks to a new Philippine based start-up, Remotify, which simplifies remote outsourcing in the Philippines.
Remotify, a start-up Employer of Record (EOR) company from the Philippines, centers on work-from-home setup and helps small to medium businesses across the world stay remote-first even after the global pandemic. Founded by 2 female founders in March of 2021 the start-up aims to help companies around the world win some leg room for growth without sacrificing the quality of their teams by highlighting Filipino talents internationally. Driven by their mission to create more legitimate and meaningful jobs for Filipinos, and to help secure economic growth for the Philippines, their business ensures the delivery of their ethos to be good for businesses, good for employees and good for the Philippines.
The number of unemployed Filipinos this 2021 skyrocketed to 4.57 million due to the pandemic and may still increase due to the new surge resulting from another ECQ. This marked the change in how people perceive remote employment. Still, a lot of Filipino workers who venture into remote work lack support from their foreign employers to pay their taxes and social benefits because of not having a legal employer of record in the Philippines. Most online workers today are under a freelance agreement with no promise of stability, no social benefits and more often, also no taxes paid. Due to this, the national economic rate of the country took a huge blow.
For companies who want to switch to remote-first for their front and back-office teams, the Philippines is one of the top choices globally due to the versatility of skill set, proficiency in English, and the country’s lower cost of living. By partnering with Remotify, foreign companies will be relieved of complicated administrative leg work to hire and keep happy employees, stay cost effective, while staying in control of their business processes.
“We understand the pain points of foreign companies planning to scale their teams in emerging markets. Building an entity costs too much time and effort while partnering with a traditional BPO company normally entails hiring a big workforce. You can rarely hire from a range of 1 to 100 employees when you start exploring that option. Add to this the complexity of keeping control of your own business processes while creating an environment where your remote team feels as much a part of your team as your onshore team. That’s very important for us and this is why we founded Remotify: To address the gap for growth for small to medium businesses and enable them to tap on the great talent pool of english speaking professionals the Philippines has to offer. We are passionate and excited to help more businesses, more employees and our country grow through our Employer of Record service.” explained Maria Sucgang, CEO of Remotify.
Their service opens up more jobs coming into the Philippines, promoting more opportunities to lead a healthier work-life balance for most employees stuck in the usual grind of traffic and commuting.
“Imagine working internationally, safely from home–from the beach, or from a country you’ve always planned visiting without having to sacrifice having a legitimate working contract compliant to Philippine labor laws. You previously only get this flexibility when you freelance, less the job security. Having the freedom from the commute and traffic all while having your social and tax contributions taken care of, being entitled to annual, sick, maternity, and paternity leaves, with a mandatory 13th month pay as a cherry on top – just like anyone working from an office– is the most ideal and convenient working scenario, and it is attainable” explained by Nikki, Co-founder of Remotify. According to her, one of the reasons why they founded the company is to help fellow Filipinos live a more balanced life and raise the economic value of the Philippines.
Currently bootstrapping and looking for like-minded investors
How does this local start up impact the global market? According to The Undercover Recruiter, US companies lose an overall 125.88 billion dollars (840k dollars per employee) with unnecessary employee and overhead costs and 35% of 400 million small to medium businesses around the world can lose $430 billion annually to low retention as they overwork employees for their fear of growing their team. Remotify addresses this gap by enabling businesses to scale their remote teams easily and cost-effectively through their Employer of Record service- taking care of employment, payroll, and labor compliances and removing the hassle of hiring great talents in the Philippines. Ultimately helping businesses save up to 75% of their usual employee cost, and welcoming them to the future of work.
Through Remotify’s EOR services, businesses across the world can take advantage of the growing number of employees in the Philippines transitioning to remote work. Their services enable small to medium foreign businesses to be remote-first, scale their team in a matter of days. This enables more secure online job opportunities for Filipinos, compliant to Philippine labor laws resulting in economic growth for the country. Remotify ensures that all legal compliance is taken care of with a done-for-you service while enabling businesses to stay in control of their business processes. We are good for businesses, good for employees, and good for the Philippines.
