Computation of holiday pay

During regular holidays, 100% pay if there is no work and 200% pay if there is work. During double holidays or two regular holidays falling on the same day, 300% pay if there is work.

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.

Before proceeding, note that there are different ways to compute depending on the applicable circumstances.

COMPUTATION 1: No work is done on a regular holidayIf there is no work on a regular holiday, a covered employee is entitled to a holiday pay of 100% daily wage.Formula:100% holiday pay + day’s wage = day’s wage with holiday paySample computation:Php1,000.00 + Php0.00 (since no work is done) = Php1,000.00

COMPUTATION 2: Work is done on a regular holidayIf there is work performed on a regular holiday, a covered employee is entitled to a holiday pay of 100% daily wage plus his wage for that day. (If the covered employee is compensable for his entire day’s work, he is entitled to 100% of his day’s wage. If he is tardy or late, then he is entitled to his corresponding pay for the day.)Formula:100% holiday pay + day’s wage = day’s wage with holiday paySample computation:Php1,000.00 + Php1,000.00 = Php2,000.00

COMPUTATION 3: No work is done on a regular holiday.If there is no work performed on a double holiday, a covered employee is entitled to a holiday pay of 200% daily ...

 



Already a subscriber? Log in below. Not yet a member? Subscribe.
By subscribing, you help maintain this website.

 

Similar Posts