Posts Tagged ‘salary’
The Concept of Hyperwage
The concept of Hyperwage
by: Kendrick Chua, The Wealth Warrior
The word may be alien to most of us. We are after all more familiar with the term minimum wage-the least compensation that a worker should take home. Hyperwage however is different. It is giving the employees much more than their current income.
Susan Bigay, one of our lecturers in the Tax Planning class in the 14th RFP Course shared to us this concept. To grasp the idea better, she shared to us the story of her dermatologist friend.
Now her dermatologist friend has a clinic in one of the malls in Metro Manila and is earning rather high-only Ps. 300,000.00 per day (yes, per day). That translates to Ps. 9M a month of sales and when we deduct the operating expenses, it still gives her 80% profit or Ps. 7.2M. For some, this is already a whole life savings. For the others, this figure is only a dream.
To say that she is quite successful in her career is an understatement and that is why it upset her when one of her trusted staff stole 3 days worth of sales from her clinic. This staff has been with her for the past 5 years and yet she did what the doctor thought was impossible.
Tags: salary
