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The Labor Code of the Philippines specifies two types of holidays: the "regular holiday" and the "special non-working day". [8] There is a difference in the pay that employers are required to pay between the two type of holidays.
Regular holiday pay Article 93 and 94 of the Philippine Labor Code states that a worker shall be paid his regular daily wage during regular holidays whether or not the employee goes to work. The employer can require an employee to work on any holiday, but the employee must be paid an amount double his regular wage. [10]
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
Holiday economics. Moved observances as per the holiday economics policy: [a] 17th day (Wednesday) – "unmovable"/fixed holiday. 4th day (Thursday) → 1st day (Nearest Monday) 28th (Sunday) → 29th (Nearest Monday [b]) 26th day (Friday) – holiday date vary per year regardless of law (green outline box) 25th day (Friday) – movable holiday ...
Unlike other dates reserved for national heroes of the Philippines (like Bonifacio Day, Rizal Day, Araw ng Kagitingan, and National Heroes Day), the date is not a "regular holiday" (double pay for working nationals) but only a "special non-working holiday" (premium of thirty-percent for working nationals), according to the Labor Code of the ...
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18 December 2024. (2024-12-18) Frequency. annual. Lopez Jaena Day is a public holiday to celebrate the birth of Philippine national hero Graciano López Jaena. It was declared a holiday by the Philippine National Government only for Iloilo Province and Iloilo City. Lopez Jaena's newspaper.