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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. There is also a difference in what is closed and in how the days are declared.
Special non-working holiday pay If an employee works on August 21 (Ninoy Aquino Day), November 1 (All Saints' Day), and/or December 31 (Last Day of the year), his wage will be: for first eight hours of work – plus thirty percent (30%) of the daily rate; for excess of eight hours of work – plus thirty percent (30%) of hourly rate on said day
The Department of Labor and Employment (DOLE) was founded on December 8, 1933, by virtue of Act No. 4121 of the Philippine Legislature. It was renamed as the Ministry of Labor and Employment in 1978. The agency was reverted to its original name after the People Power Revolution in 1986. [4]
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The business sector has opposed the policy due to extra costs associated on paying workers extra wage on public holidays. [6] [7] He would issue Proclamation 82 on December 20, 2010, ending the holiday economics policy. Under Republic Act 9492, the president has the "prerogative" to move or retain the movable holidays specified in the law. [8]
There are about 2.7 million Filipinos [4] [8] that are unemployed which constitutes about 7.4% of the labor force. This is the lowest rate the Philippines enjoys since 1996, before the country suffered from the Asian Financial Crisis. After unemployment rate peaked in 2000, [9] it has been on a steep decline by an average of 8.5% each year ...
December 8 (Eastern Orthodox liturgics) Constitution Day (Romania) Constitution Day (Uzbekistan) Day of Finnish Music ; Earliest day on which National Tree Planting Day can fall, while December 14 is the latest; celebrated on the second Monday in December.
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