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According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. [11] The thirteenth month pay is exempted from being taxed by the government.
A large portion of these employed workers are salary/wage workers and then followed by self-employed. The share of the Philippine labor force employed in agriculture declined from over 40% in 1991 to less than 25% in 2019. [ 6 ]
The terms compensation differential, pay differential, and wage differential (see wage dispersion or economic inequality) are also used in economics, but normally have a different meaning. They simply refer to differences in total pay (or the wage rate) in any context. [ 22 ]
Women hold two-thirds of America's student loan debt, according to a report from the American Association of University Women (AAUW). When they graduate, they can expect to earn just 74% of what ...
A country for example may have a long maternity leave but a short (or non-existent) parental or family leave, or vice versa. [ 11 ] [ 12 ] In the European Union , the Pregnant Workers Directive requires at least 14 weeks of maternity leave; while the Work–Life Balance Directive requires at least 10 days of paternity leave, as well as at least ...
The benefit for workers earning a full-time minimum wage salary (or 40 times the minimum wage) will be equal to $494 weekly in January 2022, increasing to $532 on July 1, 2022, and $570 on June 1 ...
Demonstration for parental leave in the European Parliament. Parental leave, or family leave, is an employee benefit available in almost all countries. [1] The term "parental leave" may include maternity, paternity, and adoption leave; or may be used distinctively from "maternity leave" and "paternity leave" to describe separate family leave available to either parent to care for their own ...
The motherhood penalty refers to the economic disadvantages women face in the workplace as a result of becoming mothers. [1] [2] [3] This sociological concept highlights how working mothers often experience wage reductions, diminished perceived competence, and fewer career advancement opportunities compared to their childless counterparts.