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Saturday, January 28, 2006
Call center puts workers’ incentive in mutual fund to make staff stay
A call center has found a performance incentive for employees, which will enable the company to keep its workforce and “force” personnel to save for the future.
Calltek Center International Inc., which holds office at JY Square Mall, has partnered with mutual fund management company Philam Asset Management Inc. (Pami) for the purchase of some P800,000 worth of mutual funds for its 72 employees, who are qualified to receive the incentive.
A mutual fund management company pools the savings of many individual and institutional investors who share a common financial goal. These investors buy shares of a particular fund that has defined investment objectives and investment strategies, Pami president and chief operating officer Alberto Emilio Ramos said.
Trend
CallTek president Ken Wang said giving performance incentives in the form of savings has been the trend in many companies worldwide.
“We are bringing it here in the Philippines by forcing our employees to save their performance incentives in the form of mutual funds. This is because we want our employees not just to be technically successful but financially successful as well,” he told a press conference at the Café Havana.
“I think this has contributed to the almost zero turnover rate of our employees compared to the high turn-over rate of other call center companies in Cebu,” Wang added.
He said the company, which provides technical support to companies abroad, places great importance to its people because “we believe that without the people, we will not be here.”
Wang said he was satisfied with the reaction of the 72 qualified employees, as they showed excitement on the prospect of investing their money in mutual funds. The company has a total of 124 employees.
Ramos said encouraging ordinary people to invest in mutual funds is one of the objectives of Pami.
“We want to espouse that investing is not only for the rich but for the people who want to be financially free in the future,” he said.
A person can invest an initial amount of P5,000. (JBN)
For Bisaya stories from Cebu. Click here. (January 28, 2006 issue)
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