Salary: Basic Primer on local Holidays, Special Days, and FAQs

Salary: Basic Primer on local Holidays, Special Days, and FAQs

Ever wonder where the English word “salary” comes from? It can be traced from the Latin word salarium, with the root word of sal for salt. nike flyknit Vocabulary.com says that “in ancient Rome, it specifically meant the amount of money allotted to a Roman soldier to buy salt, which was an expensive but essential commodity.” Moving on to the modern local context, Salary is thus a necessary and indispensable part in the life of every employee. But what if an employee is asked to work on overtime? What if he is required to work on special holidays, or is suffered to work on a night shift? Let’s learn more about the Frequently Asked Questions of local salary and wages, pursuant to the Labor Code of the Philippines. Definition of Terms Holidays are public days authorized by law, where work in public and private offices and businesses are restricted. Special nonworking days, on the other hand, are called by either the Congress or by the President. Cheap Fjallraven Kanken These are special dates and can be adaptable and flexible. The following are the regular holidays, special non-working days and special holidays in the Philippines for 2015 pursuant to law: list of holidays Daily Rate is the regular daily basic wage of the employee, which is computed based on his salary. Compra Mochilas Kanken Cost of Living Allowance or (COLA) “is given to workers to compensate for loss in purchasing power due to inflation. fjallraven rucksack Rate of COLA is commonly pegged to a general index such as consumer price index.” Holidays vs. nike air max pas cher Kanken Sale Special Nonworking Days The major distinction is that even if the employee does not come to work on a Holiday, the employee is still entitled to the payment of his regular daily basic wage, provided that he was present or was on leave of absence with pay on the work day immediately preceding the holiday. Fjallraven Kanken Rucksack On the other hand, Special Nonworking Days have a policy of NO WORK, NO PAY. For the specific computations, check out this Holiday Pay Matrix table from the DOLE website: Daily Rate Overtime Pay Overtime Pay is additional compensation for work performed beyond 8 hours a day (not including rest periods). chaussures timberland soldes For Ordinary days, the rate is computed at plus 25% of the Basic Hourly Rate. UGG Maylin Fjallraven Kanken Sale For Special days, Rest days and Holidays, it is computed at plus 30% of the regular hourly rate applicable on the said dates. Nightshift Differential Pay Night Shift Differential refers to the additional compensation of 10% of an employee’s regular wage for each hour of work performed between 10:00pm and 6:00am. 13th Month Pay The 13th month pay is equivalent to 1/12 of the Total Basic Salary earned within the calendar year. It should be given to the employees not later than December 24 of every year. For more information, visit this “What You Need to Know” page by the Deparment of Labor and Employment.

Share this post