🎙 In this episode of the Systemize Your Success podcast, Dr. Steve Day shares insights on effectively supporting remote contractors. He focuses on incentivising them through health care and health insurance benefits. Initially, Steve was sceptical about the longevity of remote workers in his company. However, his perspective has evolved as he has built a dedicated team that plays a crucial role in his business.

He discusses the importance of offering contractors an annual allowance for health insurance. He highlights resources like mariahealth.ph to help them find suitable options. Additionally, he mentions the benefits of PhilHealth in the Philippines. Steve emphasises the significance of fostering long-term relationships with contractors. This approach enhances business efficiency.

Tune in for practical tips on creating a supportive work environment that encourages contractors to stay engaged and committed.

KEY TAKEAWAYS

💡 Shift in Mindset: Initially, people believed that remote workers would not stay long-term. Over time, however, the importance of these contractors has been recognised. This recognition has led to a more committed approach to their roles.

💡 Incentivizing Long-Term Commitment: Offering benefits such as health care allowances can effectively encourage contractors to stay with the business. This approach helps build loyalty and reduces turnover.

💡 Health Care Options: Providing contractors with an annual allowance to purchase their own health insurance is a practical way to support their well-being. Resources like mariahealth.ph can help them find suitable options based on their circumstances.

💡 PhilHealth as an Additional Benefit: Offering PhilHealth is not legally required for foreign employers. However, it can be a valuable addition to the benefits package. PhilHealth provides reduced costs for medical services and hospitalisations.

💡 Legal Considerations: When working with contractors, it's crucial to navigate employment laws carefully to avoid misclassification as employees. Consulting with legal experts, such as those from Coffee Clatch, can help ensure compliance.

BEST MOMENTS

01:59 - 💬 “They are how we function. They do everything. They are way, way more than, in inverted commas, the virtual assistant that people often think about.”

04:03 - 💬 “Keeping people around, not having to go through the whole hiring process, the cost and the time, not having to do a trial and error of finding someone good.”

07:59 - 💬 “I just wanted to emphasise- A, that we can offer some great incentives for people to keep coming back and working for us for the long term.”

TIMESTAMPED OVERVIEW

00:00 How to retain knowledgeable, efficient, and reliable employees.

04:00 Offer allowance for health insurance, ensuring retention.

08:19 Be mindful; consider legal advice for contractors.

VALUABLE RESOURCES

Website: https://www.systemizeyoursuccess.com

Facebook Group: https://facebook.com/groups/systemsandoutsourcing/

LinkedIn: https://linkedin.com/company/systemsandoutsourcing/

Instagram: https://instagram.com/systems_and_outsourcing/

YouTube: https://youtube.com/@drsteveday42

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ABOUT THE HOST

Steve used to be a slave to his business, but moving to Sweden in 2015 forced him to change how he worked. He switched to running his businesses remotely. After totally nailing this concept, he spent his time helping other small business owners do the same. Steve has been investing in property since 2002, has a degree in computing, and worked as a doctor in the NHS before quitting to focus full-time on sharing his systems and outsourcing methodology with the world. He now lives in Sweden and runs his UK-based businesses remotely with the help of his team of Filipino and UK-based Virtual Assistants.

Most business owners feel overwhelmed because they don’t know how to create systems or get the right help.

Our systems and outsourcing Courses and coaching programme will help you automate your business and work effectively with affordable virtual assistants. That way, you will stop feeling overwhelmed and start making more money.