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topics• How to Get The Job What HR Managers want to see in an application letter and resume The art of the job interview
topics• Preparing Yourself for Your Job Organizing yourself at work Learning how to be part of a team Stress management
topics• Smart Spending for Young People What are Credit Cards and Debit Cards? How do they work? The pros and cons of having them
topics• Smart Saving for Young People Why should I save? What should I be saving for? Where should I be saving?
How to Get The Job Peter Joseph Borromeo Operations Manager
• Founded in 2007 and an Australian owned company, Remote Staff is now the largest contracting enterprise, hiring 100’s of home based Filipino professionals and is on target to achieving their 1,000 staff goal by end of 2012.• Remote Staff hire people located nationally across the entire Philippines, from provincial towns to cities, so long as you meet our minimum Internet speed requirements, speak very good English and are committed to building a long-term career working with our clients.• We contract up to 50 home based Filipino’s every month in a variety of professions such as web developers, designers of all types, assistants and many other job roles that could be preformed using the internet and phone.
What HR Managers want to see inan application letter and resume
What HR Managers want to see in an application letter and resume• Format• Content and substance Personal information (including job titles) Work Experience Trainings Attended and Certifications Educational Attainment and experience Skills and interests. Interests are important for fresh grads but must remain relevant.
Sample ResuméFor resume coaching, you can send your resume to email@example.com
The art of the job interview• Attire and appearance• Punctuality and courtesy• Listen and interact. Don’t just answer questions• Pay attention. Some questions are there to see how you answer instead of what you answer.• Avoid clichés and stop using word fillers and unnecessary expressions.• Employers are looking for people they want to work with. Skills and qualifications are just part of the equation.• Sell yourself but never oversell. Do not pretend to be something you are not• Talk about things you know. Don’t pretend. It’s easier to build on conversation where you know what the topic is.• Thinks about what you are about to say but don’t over think every thing• Build on your strengths• Tip: find a way to make a weakness into a strength (my laziness)
Preparing Yourself for Your Job• Organizing yourself at work When to answer a call and to answer a person in front of you Being polite and being a gentleman or lady Rules are there for a reason
Preparing Yourself for Your Job• Learning how to be part of a team Being part of a team is about having positive contributions to the team and its performance. Recognizing and complementing strengths and weaknesses The trap of feeling alone Succession planning from a team member perspective
Preparing Yourself for Your Job• Stress management REST RELAX REST BREATHE Balance Know your limits
Smart Spending for Young PeopleJan Ralph Y. Perez , CPA-LawyerBusiness Development Director
Smart Spending for Young People Debit Cards Withdraws money on existing funds via savings bank account You can keep on withdrawing until your money runs out In the Philippines, ATM cards are useable as debit cards Not as widely-used as credit cards Only accepted in popular use in the 2000s Safer for merchants to use since payment is immediate. They receive money right away. If the cardholder has no money in his bank account, then the debit card cannot be used. In the US, you pay a monthly fee for the use of debit cards. Here in the Philippines, banks dont follow that practice... yet.
Smart Spending for Young People Credit Cards Essentially, you are borrowing money from the credit card company, which you will pay back on a monthly basis You are given a fixed limit on the amount of money you can charge on your card Sometimes has a cash feature which allows you to withdraw money, on credit, from the bank Not useable as an ATM Widely used. All sorts of promotions are even given out, i.e., points, frequent flyer miles, free food, etc. Became used in the mid-80s here in the Philippines Not safe for merchants to use since there was a time when fake credit cards were being used and some purchases can be cancelled. An annual fee is usually charged for its use, which you can usually offset with accumulated points
Smart Spending for Young People Things to be careful about with credit cards. If you dont need a credit card, dont get one. Its too easy to go overboard with it. Dont go overboard with your spending... remember that you have to pay it back when your billing statement arrives. Credit card companies dont make money out of regular paying cardholders... the money comes from interest fees and surcharges tacked on to late payments Watch your spending and stick to your budget Dont purchase things online with your credit card, if youre not using a secure network, or when youre using a public computer, or the computer of someone you dont trust. Beware of identity theft Dont give away your credit card information to strangers Monitor your billing statement for erroneous entries or purchases which you didnt make. If you have to make online purchases, its better to use Paypal or a debit account or a special web credit card In the US, merchants are required to cut your credit card in half when youve overspent your credit limit. In the Philippines, almost all merchants will just return it to you. 0% interest is never 0% interest. Cash price is always lower
Smart Spending for Young People• Wise Savings Tips Dont keep up with the Joness Before you buy something, ask yourself if you really need it. Before you buy something, canvass for a better price. If you can afford to, buy in bulk. Its cheaper. Dont just buy something because its the cheapest. Durability is also a consideration Dont just buy something because its the most expensive. You can sometimes get better quality for a lower price. Gadgets, nice clothes and vacations come and go. But investing in your continued education or in learning a new skill will pay you back for a lifetime.
Smart Saving for Young PeopleHannah Almira Amora, RFC ® Head Finance Consultant
• Honeycomb Finance Consultancy was organized and registered with the Department of Trade and Industry in 2010. It is headed by Hannah Almira Amora, a member of the International Association of Registered Financial Consultants (IARFC).• As an advocate of finance literacy for the average Filipino worker, the Company provides financial planning and investment management services through a series of workshop-seminars and one-on-one discussions aimed at Filipino employees and entrepreneurs of various industries and geographic locations. It aims to educate Filipinos that their life goals and dreams are within reach through sound and wise financial planning.• Honeycomb has already provided private workshop-seminars to Accenture and San Miguel Yamamura Glass Plant and several public workshops. The topics covered were Financial Fitness, Money Management, Education Funding and Retirement Funding.
1. Times have changed INDUSTRIAL AGE INFORMATION AGE>Job Security >Financial Security>Job for Life >Free Agents>One Profession >Many Professions>Defined Benefit Pension Plans >Defined Contribution Pension Plans(employer responsible) (employee responsible)>Social Security certain >Social Security Uncertain>Medicare Certain >Medicare Uncertain>Seniority an Asset >Seniority a Liability>Pay raises based upon tenure >Pay raises a liability since many employers are looking for younger workers with more current technical skills willing to work for less.
2. Uncertainties• Getting sick for a prolonged of time• No more job security• Accidents• Emergencies
3. Journey of LIFE• Dreams / Goals• Investments• Major Events in Life
Where are you in your Journey? Twilight Empty Years Babies Nesters on Board Hitched Young & Single
Your Lifestage and EventsLifestage What You’re Cost Today Cost 5 Years Cost 10 Cost 15 Years Looking for from Now (@ Years from from Now 6% inflation) NowYoung & Splurges / Business Capital P133,822 P179,084 P239,655Single Rewards; – P100,000 InvestmentsHitched House; Car; Wedding Fund P334,556 P447,711 P599,139 Wedding – P250,000 FundBabies on Diaper+Milk; Diaper+Milk – P5,085 P6,805 P9,106Board Health Care; P3000+800 Education Cost of Giving Normal - Normal - Normal – Birth (Normal) P33k to P40k P44k to 53k P60k to P71k – P25k to P30k CS – P80k to CS – P107k CS – P143k to CS – P133k to P179k P239k P60k+P100k College Tuition If 1yo Today If 5yo Today If 10yo Today - P50k/annum – P430k – P244k – P138k
Fund Retirement invested @ 3.5% p.a. Interest @ Annual Fund at End of Year Fund at Retirement 3.5%/annum Income Needs Year 1 4,070,900 (96,012) 587,900 3,386,988 2 3,386,988 (79,882) 587,900 2,719,206 3 2,719,206 (64,132) 587,900 2,067,174 4 2,067,174 (48,754) 587,900 1,430,520 5 1,430,520 (33,739) 458,800 937,981 6 937,981 (22,122) 458,800 457,059 7 457,059 (10,780) 458,800 (12,521)
Did you know? Regular A = Total B = Fund at Fund at age ROI =Starting Savings for Savings for Age 50 50 (B – A) / Age 10 Years 10 Years (@ 10%/annum) (if in bank) A 22 P1,000/mo P120,000 1,169,662.07 141,465.68 974% 25 P1,000/mo P120,000 878,784.43 138,329.85 632% 30 P2,000/mo P240,000 1,091,311.98 266,514.38 355% 35 P5,000/mo P600,000 1,694,047.19 641,852.71 182% 40 P10,000/mo P1,200,000 2,103,740.05 1,240,321.43 75% 45 P50,000/mo P3,000,000 4,029,366.00 3,054,433.95 34% (for 5 years only)
Effect of Inflation to a P100k savings since 2003 At 3% ave. Savings interest rate, 6% ave. Inflation rate . A 3% loss every year Year @ 3%/annum less @ 6% Ave. Inflation Earnings / Year after 20% w/holding tax Rate (Real Value) (Loss) 1 2004 Php 102,400.00 Php 106,000.00 (3,600.00) 2 2005 Php 104,857.60 Php 112,360.00 (7,502.40) 3 2006 Php 107,374.18 Php 119,101.60 (11,727.42) 4 2007 Php 109,951.16 Php 126,247.70 (16,296.53) 5 2008 Php 112,589.99 Php 133,822.56 (21,232.57) 6 2009 Php 115,292.15 Php 141,851.91 (26,559.76) 7 2010 Php 118,059.16 Php 150,363.03 (32,303.86) 8 2011 Php 120,892.58 Php 159,384.81 (38,492.23) 9 2012 Php 123,794.00 Php 168,947.90 (45,153.89) 10 2013 Php 126,765.06 Php 179,084.77 (52,319.71)
TD Rates of BPI (Feb 14 – 20, 2012)Amount 35 63 91 182 364 Days Days Days Days Days1K to less than 10K 1.500 1.750 1.75010K to less than 50K 1.500 1.500 1.625 1.875 1.87550K to less than 100K 1.750 1.750 1.750 2.000 2.000100K to less than 500K 1.875 1.875 1.875 2.125 2.125500K to less than 1 MM 2.000 2.000 2.000 2.250 2.2501 MM to less than 5 MM 2.125 2.125 2.125 2.375 2.3755 MM and up 2.250 2.250 2.250 2.500 2.500
The PSEi – From 1987 to 2010 Source: www.marketwatch.com
Bond vs Balanced vs Equity Performance NAVPU 3.000000 2.750000 2.500000 2.250000 2.000000 1.750000 1.500000 1.250000 1.000000 0.750000 15-Mar-05 15-Oct-05 15-May-06 15-Dec-06 15-Jul-07 15-Feb-08 15-Sep-08 15-Apr-09 15-Nov-09 15-Jun-10
Investment Vehicles for Your Needs Purpose Instrument Yield Pros Cons Daily Needs Bank Savings 0.5 – 0.75% per -PDIC insured - Negligible Deposit annum less up to P500k returns 20% w/holding - liquid tax Emergency Time Deposits 1.5% - 3.5% -PDIC insured - Yield is Fund (3 to up to P500k outpaced by 6months of - liquid inflation expenses) Bond Fund Ave. 6% - Keeps up with - Not easily Mutual Fund the inflation accessible rate compared to - Liquid ATM accounts For business Mutual Fund 6% - 12% - Higher return -Not insured capital - No guaranteed return
Rank PESO BOND FUNDS 2011 Return 2010 Return 2009 Return 2008 Return 5 Yr. Return First Metro Save and 1 12.34% 11.56% 5.32% 2.33% 6.74% Learn Fixed Income Fund 2 Ekklesia Mutual Fund 10.35% 6.54% 4.33% 1.96% 5.01% Philequity Peso Bond 3 9.02% 8.79% 6.58% 2.33% 9.54% Fund, Sun Life Prosperity Bond 4 8.33% 7.85% 5.58% 1.53% 5.16% Fund, 5 Philam Bond Fund, 7.44% 7.62% 5.52% 1.91% 5.34% Cocolife Fixed Income 6 6.82% 11.99% 12.64% 5.26% 8.66% Fund, 7 ALFM Peso Bond Fund, 6.69% 9.07% 4.62% 4.26% 5.96% Sun Life Prosperity GS 8 5.70% 10.93% 7.59% 0.57% 5.75% Fund, Grepalife Bond Fund 9 4.79% 5.93% New New No data Corporation Prudentialife Fixed10 2.86% 5.1% 3.80% -5.00% 3.12% Income Fund
5-YrRank PESO STOCK FUNDS 2011 Return 2010 Return 2009 Return 2008 Return Return First Metro Save and 1 8.18% 63.37% 53.11% -30.70% 15.92% Learn Equity Fund Philequity PSE Index 2 8.17% 38.04% 59.17% -40.75% 18.81% Fund 3 Philequity Fund 6.11% 54.25% 64.99% -40.67% 13.63% Philippine Stock Index 4 3.05% 37.56% 61.93% -48.28% 7.74% Fund Philam Strategic 5 2.66% 55.81% 47.41% -38.13% 11.62% Growth Fund Sun Life Prosperity Phil. 6 2.39% 41.24% 43.52% -37.59% 9.32% Equity Fund ATR KimEng Equity 7 -1.60% 51.82% 42.91% -41.46% 7.30% Opportunity Fund 8 United Fund -4.02% 23.32% 25.00% -14.28% 6.66%
2011 PESO BALANCED 2011 Return 2010 Return 2009 Return 2008 Return 5 Yr. ReturnRank FUNDS First Metro Save and 1 Learn Balanced Fund 6.62% 61.97% 45.36% -6.27% No data Inc. Optima Balanced 2 6.32% 27.40% 21.46% -23.89% 6.29% Fund, Inc. Sun Life Prosperity 3 3.08% 30.67% 21.70% -23.75% 7.95% Balanced Fund, Inc. NCM Mutual Fund of 4 2.92% No data New New No data the Phils., Inc 5 Philam Fund, Inc. 2.80% 48.67% 36.91% -32.52% 10.83% GSIS Mutual Fund, 6 0.86% 47.31% 36.76% -31.50% 11.14% Inc. Bahay Pari 7 0.85% -0.75% New New No data Solidaritas Fund, Inc. ALFM Growth Fund, 8 -1.30% 53.72% 63.25% New No data Inc MFCP Kabuhayan 9 -1.48% 42.26% 23.60% -29.20% 5.95% Fund, Inc.
Purpose Instrument Yield Pros ConsEducation Fund Mutual Fund 6% - 12% - Higher Return -Not insured/ Retirement -No guaranteedFund return Traditional Life varied -Guaranteed - No flexibility Insurance returns - more of a Product long term investment Variable Unit Similar to a MF - Higher return - No Linked - Flexible guaranteed Insurance return