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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.
In the Philippines, there are employers' confederations to lobby the protection of firm owners; they also represents the business sector and employers in the country. The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [43]
Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average raise in 2023 at about 4.3%.
The Department of Labor and Employment (Filipino: Kagawaran ng Paggawa at Empleo; [2] DOLE) is one of the executive departments of the Philippine government mandated to formulate policies, implement programs and services, and serve as the policy-coordinating arm of the Executive Branch in the field of labor and employment.
As of September, the annual rate of inflation was 3.7%, but many workers say their annual pay raises aren't keeping up with the cost of living. How to ask for a raise for 2024, and the mistake ...
Establish clear channels for addressing concerns: Create channels for employees to raise concerns about pay equity issues, such as an anonymous reporting system or a designated point of contact ...
February 8, 2024 [55] 56 Regulating the issuance of low-numbered (protocol) license plates to government officials March 25, 2024 [56] 57 Strengthening the Philippines’ maritime security and maritime domain awareness [57] 58 Adopting the National Cybersecurity Plan 2023-2028, and directing the implementation thereof April 4, 2024 [58] 59
Recently, CBS News reported that the average American worker should see a pay increase of about 4% in 2024. If you're slated for a raise or a promotion in 2024, you might already be thinking about ...