Pay Computation for January 02 Holiday

Started by MikeLigalig.com, January 02, 2023, 09:43:28 AM

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READ: Under Labor Advisory No. 27, Series of 2022, the following rules for pay shall apply today, January 2, 2023

For employees who did not work – The "no work, no pay" principle shall apply, unless there is a company policy, practice, or collective bargaining agreement granting payment on a special day.

For employees who worked – (Basic wage x 130%)

For employees who rendered overtime work – Hourly rate of the basic wage x 130% x 130% x number of hours worked

For employees who worked on a rest day – (Basic wage x 150%)

For employees who worked overtime on a rest day – Hourly rate of the basic wage x 150% x 130% x number of hours worked

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