Computation of Holiday Pay

If covered employees do not perform work on a regular holiday, they are entitled to a holiday pay of at least 100% their daily wage. If there aer two regular holidays falling on a same day or a double holiday, and no work is done, they are entitled to a holiday pay of at least 200% their daily wage. If they perform work on a single regular holiday or a double holiday, they will be entitled to the corresponding holiday pay plus their daily wage. 1. Computation These are the steps on how to compute for holiday pay. The following are the assumptions: 1) The covered employee’s daily rate is Php1,00.00. 2) The covered employee works for 8 hours. a. No work on a regular holiday If there is no work on a regular holiday, a covered employee is entitled to a holiday pay of 100% daily salary.

Formula:

100% holiday pay + day’s wage = day’s wage with holiday pay

Sample computation:

Php1,000.00 + Php0.00 (since no work is done) = Php1,000.00

b. Work on a regular holiday If there is work performed on a regular holiday, a covered employee is entitled to a holiday pay of 100% daily salary plus his wage for that day.

Formula:

100% holiday pay + day’s wage = day’s wage with holiday pay

Sample computation:

Php1,000.00 + Php1,000.00 = Php2,000.00

c. No work on a double regular holiday If there is no work performed on a double regular holiday, a covered employee is entitled to a holiday pay of 200% daily salary.

Formula:

200% holiday pay (for holiday 1 and holiday...