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hhm.yellowangel
Tech Support hhm STA1
Tech Support hhm STA1
hhm.yellowangel


Female
Number of posts : 4
Age : 42
Account/Company : harte-hanks
Registration date : 2007-10-14

monetary benefits Empty
PostSubject: monetary benefits   monetary benefits EmptyTue 16 Oct 2007, 4:37 pm

13th month pay (mandatory)

how computed

basic pay *(# of months of service in the company)
12 months

e.g.

[P13,000 * 5 months]/12 months = P5416.67

note however that there are company policies affecting the computation especially on propotion of a month only


holiday pay
(computed based on hourly basic wage)

regular/legal holiday (200%) if worked
100% if unworked
260% if worked with overtime

special holiday (130%) if worked
additional 30% for OT

note: if you were absent day before the holiday and on the holiday, you will not be entitled to holiday pay
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