1. Computation These are the steps on how to compute for the 13th month pay. The following are the assumptions: 1) The employee’s daily wage rate is Php1,000.00; 2) The workweek is 6 days a week; and 3)There is one rest day per week. a. Complete basic salary earned in a year If covered employees…
When covered employees are separated from employment due to an authorized cause, they are entitled to separation pay which is computed based on the authorized cause. 1. Computation These are the steps on how to compute for separation pay. a. One month pay or one-half month (1/2) pay for every year of service, whichever is…
If covered employees qualify for retirement, they are entitled to a retirement pay of at least one-half (1/2) month salary for every year of service, a fraction of at least six (6) months being considered as one (1) whole year. 1. Computation 1/2 month salary or 22.5 days The minimum retirement pay is equivalent to…
1. Computation These are the steps on how to compute for the premium pay. The following are the assumptions: 1) The employee’s daily rate is Php1,000.00. 2) The employee works for 8 hours. a. Work on a rest day or special non-working day If there is work performed on a rest day or special non-working…
If covered employees perform overtime work, they are entitled to overtime pay of at least 25% their regular hourly rate. 1. Computation These are the steps on how to compute for overtime pay. The following are the assumptions: 1) The covered employee’s hourly rate is Php100.00. 2) The covered employee regularly works for 8 hours….
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…
If covered employees perform work on a night shift designated by law, they are entitled to a night shift differential pay of at least 20% their hourly rate for those in the Government service and 10% for those in the private sector. 1. Computation These are the steps on how to compute for the night…