Innovate HR Event Re-run: Keeping Up with Millennials

Companies nowadays are mostly dominated by passionate millennials. No wonder why HR practitioners are eager to learn more about them as made evident by the outcome of Innovate: Keeping Up with Millennials’ second run last June 8.

 

Over 50 attendees actively participated in the discussion with the three panelists including Ginger Palma Arboleda (CEO of Manila Workshops & COO of Taxumo), Cris Jose (Director for Operations at David IMC Group), and Sprout’s very own Laiden Padong (Head of People Operations at Sprout Solutions) who shared their insights about hiring, managing, and engaging millennials in the workplace.

Moderator, Lisanne Tumang (HR Technology Consultant at Sprout Solutions), ith the panelists

Ginger started the discussion as she enumerates three general principles she practices when engaging the young people in her team. Cris supported her thoughts while emphasizing that respect is also a key whenever engaging with millennials. Afterwards, a discussion on the strong bias against millennials in the workplace was initiated by Laiden.

Audience attentively listening to the panelists

Subsequently, the panels shared their real life experiences working with millennials; giving some challenges they have encountered and how they responded to it.

Awarding of the early birds

Ending the discussion is the awarding of Innovate notepads and Sprout pens to the event early birds. Attendees also got to network with the panelists and their fellow participants over pizza and free-flowing drinks. Awesome way to conclude a night of learning!

To see photos of the event, click here.

To be part of our future events, join our Facebook community here.

 

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Innovate is an HR meetup community spearheaded by Sprout Solutions. This is designed to provide an avenue for HR practitioners and stakeholders to learn, meet, and network with some of the great minds in the industry with the goal of finding out new ways to innovate HR in the Philippines.

 

The post Innovate HR Event Re-run: Keeping Up with Millennials appeared first on Sprout.

source https://sprout.ph/blog/innovate-hr-event-re-run-keeping-millennials/

Latest Philippines Tax Reform News Today

As of May 31, 2017, the Philippines’ House of Representatives approved the third (3rd) and final reading of the proposed tax reform bill.

Under what is called the HB 5636, the new maximum rate of personal income tax will drop from 32% to 25%.

This excludes high income earners, who are actually required to pay a higher income tax in the new proposed bill.

Also called as the Tax Reform for Acceleration and Inclusion or TRAIN, this new tax reform proposal in the Philippines is still to be put in the microscope for review in the Senate.

So far, nothing has been set in stone as far as implementation of TRAIN. But this article will give you a more comprehensive look into how this new tax reform bill will play out.

Tax Reform Bill Overview

The photo below from the Department of Finance, shows how the new tax system in the Philippines can potentially look like:

The income tax brackets will be simplified and reduced into six (6) brackets.

Although this new and simplified tax system will increase majority of the Filipino workforce’s take-home pay, there will be other income brackets (such as the high-income earners) that will receive lower take home pay.

You may refer to this image below from the Department of Finance.

 

According to sources, under HB 5636, the new maximum rate of personal income tax will be reduced over time from the current 32% to 25%, except for high income earners as illustrated in the infographic above.

For employees earning P250,000 or below every year, there is a 100% income tax exemption.

Meaning that if you are earning that amount (or less) annually, you will not be deducted income tax from your payroll.

Although this is very exciting news for most employees in the Philippines, this tax reform bill is expected to drag on for at least a couple of months while it pushes to get through Senate approval.

Click here to read how the new tax reform will affect Filipinos.

Conclusion

The good news though, is that after decades, the Philippine government is finally looking into revamping the tax landscape in the country.

It will be exciting to see what happens in the coming months as far as if the tax reform bill gets passed in its current state, or it will undergo revision under the Senate.

Regardless, this shakeup in Philippine tax will prove to be a game-changer for all hardworking Filipino employees.

For more updates regarding the latest news on the tax reform bill, you may bookmark this article.

We will be updating this blog post about tax reform in the Philippines in real-time, so you’ll always be in the know.

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Sprout Solutions is an HR (human resources) and payroll software company in the Philippines that powers HR for companies like Rappler, Xurpas, Shakey’s, and Century Pacific.

Click here to see the testimonials of our happy customers.

 

The post Latest Philippines Tax Reform News Today appeared first on Sprout.

source https://sprout.ph/blog/latest-philippines-tax-reform-news-today/