myrealitiesinlife: December 2008

while everyone is on a rush wrapping gifts, cooking noche buena and preparing for christmas party I was seating down in front of my computer doing the office work for a deadline on January 5, 2008.

I was a little bit pissed off since I cannot enjoy my vacation coz I'm still thinking of projects, projects and endless deadlines. Whaaa....

But I choose to be happy as I've always do. I have scheduled to be with my family only from Dec 23 - Dec 27, 4 days of fun and bonding. We've spent our Noche Buena with me and my dadi Felix at our home but we forgot to pray whaaaa, sorry Lord for that. On the night of Christmas day we drove to go to our in-laws to give our presents to them. I've enjoyed a lot, while planning to go on swimming and sight-seeing @ Tagaytay on the next day Dec 26. We've spend 1 whole day swimming and ended up so late that we weren't able to go to Tagaytay coz all of us were a little bit tired. But, anyway we enjoyed. I enjoyed too....heheheh with so much fun and food on the table who says it would be boring with the in-laws. We've watched movies all night long and on swimming....though the water is so cold and it's very windy but still we made it to be on swimming for almost 8 hours...hahhaha just like a full day hours of work...

Well, all I can say is Thank You Lord for giving me a family like this! I love you all. I hope I can introduce Jesus in your heart and life through my life's testimony. God bless you and Merry Christmas!

read this:
http://www.gov.ph/faqs/business_manpower.asp

Manpower Costs

MANPOWER RESOURCES (LABOR):

The laws on labor standards and employment relations are consolidated in the Labor Code of the Philippines. The salient points of employment conditions and employee benefits under the Philippine labor laws are as follows:

Hours of Work. Eight (8) hours per day or 48 hours per week. Rest periods of short duration during work hours shall be counted as hours worked.

Work Day. A day is the 24-hour period which commences from the time the employee regularly starts to work.

Minimum Wage (Manufacturing Sector). The minimum wage rate for agricultural and non-agricultural workers in every region are determined by the Regional Tripartite Wages and Productivity Board.

Fringe Benefits. This refers to goods, services, or other benefits furnished by an employer in cash or kind, in adddition to basic salaries; to managerial or supervisory employees such as but not limited to the following:

· Housing

· Expense Account

· Vehicle of Any Kind

· Household personnel, such as maid, driver and others

· Interest on loans at less than market rate to the extent of the difference between
the market rate and actual rate granted;

· Membership fees, dues and other expenses borne by the employer for the
employee in social and athletic clubs or other similar organizations;

· Holiday and vacation expenses

· Educational assistance to the employee or his dependents; and

· Life or health insurance and other non-life insurance premiums or similar amounts
in excess of what the law allows

Managerial employees refer to those who are given powers or prerogatives to lay down and execute managerial policies and or to hire, transfer, suspend, lay-off, recall, discharge, assign or discipline employees.

Supervisory employees are those who effectively recommend such managerial actions if the exercise of such authority is not merely routinary or clerical in nature but requirres the use of independent judgment.

Overtime (OT) Remuneration. Overtime premium is alloted for work exceeding the maximum prescribed period. Every employee who is entitled to premium pay is likewise entitled to the benefit of overtime pay.

Computation of Wages.
Source: Bureau of Working Conditions
Department of Labor and Employment
http://www.bwc.dole.gov.ph/faq.asp#com_wage

Computing Overtime:
On Ordinary Days
Number of hours in excess of 8 hours (125% x hourly rate)

On a Rest Day, Special Day or Regular Holiday
Number of hours in excess of 8 hours (130% x hourly rate)

Computing pay for work done on:
A Special Day (130% x basic pay)
A Special Day, which is also a sheduled Rest Day (150% x basic pay)
A Regular Holiday (200% x basic pay)
A Regular Holiday, which is also a scheduled Rest Day (260% x basic pay)

Computing Night Shift Premium where Night Shift is a Regular Work:
On Ordinary Day (110% x basic hourly rate)
On a Rest Day, Special Day, Regular Holiday (110% of regular hourly rate for Rest Day,
Special Day, Regular Holiday)

Computing Overtime on Night Shift:
On Ordinary Day (110% x overtime hourly rate)
On Rest Day, Special Day or Regular Holiday (110% x overtime hourly rate for Rest Days,
Special Days, Regular Holidays)

Computing 13th Month Pay:
Total basic salary earned for the year exclusive of overtime, holiday, and night shift
differential pay divided by 12 = 13th month pay.

Night-Shift Differential Pay. Night-shift employees must be paid a differential of not less than 10% of the regular wage for each hour of work performed between 10:00 p.m. and 6:00 a.m.

Service Incentive Leave. Every employee who has rendered at least one year of service is entitled to a yearly service incentive of five days with pay.

Meal and Rest Periods. One-hour time-off for regular meals.

MANDATORY EMPLOYMENT CONTRIBUTION

13th Month Pay. By law, companies are required to give its employees a 13th pay equivalent to one (1) month salary.

Social Security System (SSS) Contributions. As Mandated by law, both employer and employees are to contribute for the social security benefits of the employees in accordance with the new schedule provided by SSS.

SSS Contribution Schedule - Effective January 1, 2007 (pdf file)
Source: Social Security System
http://www.sss.gov.ph/docs/new_contri_sched.pdf

Contribution to Home Development and Mutual Fund (HDMF). Companies/employers are also required to contribute at least P100.00 per month to HDMF for employee benefits. Companies/employers remit this contribution plus that of the employees's which will be deducted from their payroll, in accordance with the periodic remittance schedule provided by HDMF.

Contribution to National Health Insurance Program (NHIP). As mandated by Republic Act 7835 on Medicare Program which is administered by the Philippine Health Insurance Corporation (Philhealth), both employers and employees are to contribute for the medical insurance/benefits of the employees in accordance with the schedule provided by Philhealth.

Premium Contribution Schedule - For the Employed Sector - Effective January 1, 2007 (pdf file)
Source: Philippine Health Insurance Corporation
http://www.philhealth.gov.ph/contribution.htm

CURRENT DAILY MINIMUM WAGE RATES
National Capital Region (NCR) a/
Per Wage Order No. NCR-13 b/
Effective 28 August 2007
(In pesos)

INDUSTRY/SECTOR	Basic Wage After COLA Integration	Basic Wage Increase	New Minimum Wage Rates
Non-Agriculture	350.00	12.00	362.00
Agriculture (Plantation & Non-Plantation)	313.00	12.00	325.00
Private Hospitals with bed capacity of 100 or less	313.00	12.00	325.00
Retail/Service Establishments Employing 15 workers or less	313.00	12.00	325.00
Manufacturing Establishments Regularly employing less than (10) workers	313.00	12.00	325.00
a/ Covers the cities of Caloocan, Las Pinas, Makati, Malabon, Mandaluyong, Manila, Markina, Muntinlupa, Paranaque, Pasay, Pasig, Quezon, Taguig, San Juan, Navotas and Valenzuela and the Municipality of Pateros.
b/ Grants a P12.00 per day basic wage increase to all minimum wage workers in the private sector in the r egion. The existing P50.00 per day COLA under Wage Order Nos. NCR-09 and NCR-10 is integrated in to the basic wage of covered workers.
Source:National Wages and Productivity Commission Department of Labor and Employment http://www.nwpc.dole.gov.ph/pages/ncr/cmwr_table.html

SUMMARY OF CURRENT REGIONAL DAILY MINIMUM WAGE RATES
Non-Agriculture, Agriculture
As of March 2008
(In pesos)

REGION	WO No. / Date of Effectivity	NON-AGRICULTURE	AGRICULTURE
REGION	WO No. / Date of Effectivity	NON-AGRICULTURE	Plantation	Non-Plantation
NCR a/	WO 13 / Aug. 28, 2007	325.00 – 362.00	325.00	325.00
CAR b/	WO 12 / Jan. 07, 2008	233.00 – 245.00	216.00 – 227.00	216.00 – 227.00
I c/	WO 12 / Dec. 31, 2007	210.00 – 230.00	210.00	185.00
II d/	WO 12 / Nov. 25, 2007	215.00 – 223.00	203.00 – 211.00	203.00 – 211.00
III e/	WO 13 / Sep. 27, 2007	236.00 – 287.00	221.00 – 257.00	201.00 – 241.00
IV-A f/	WO 12 / Oct. 05, 2007	224.00 – 300.00	204.00 – 275.00	184.00 – 255.00
IV-B g/	WO 03 / Nov. 25, 2007	225.00 – 237.00	188.00 – 197.00	168.00 – 177.00
V h/	WO 11 / Dec. 01, 2007	183.00 – 226.00	194.00 – 204.00	174.00 – 184.00
VI i/	WO 15 / Oct. 05, 2007	215.00 – 235.00	195.00 – 203.00	193.00
VII j/	WO 13 / Nov. 11, 2007	205.00 – 250.00	185.00 – 232.00	185.00 – 232.00
VIII k/	WO 14 / Dec. 16, 2007	228.00	209.00	209.00
IX l/	WO 14 / Jan. 23, 2008	225.00	200.00	180.00
X m/	WO 13 / Nov. 16, 2007	229.00 – 244.00	217.00-232.00	217.00-232.00
XI n/	WO 14 / Sep. 16, 2007	248.00 – 250.00	238.00 – 240.00	217.00 – 219.00
XII o/	WO 14 / Oct. 08, 2007	229.50	212.00	209.00
XIII p/	WO 08 / Nov. 07, 2007	220.00	210.00	200.00
ARMM q/	WO 09 / Aug. 04, 2006	200.00	200.00	200.00

a/ Granted a P12 per day wage increase after integration of the P50 COLA to the basic pay;
b/ Granted P10 wage increase and integrated into the basic wage the P51 COLA granted
under WO Nos. 5, 9 & 10;
c/ Granted P3-13 wage increase and integrated into the basic wage the P12 COLA granted
under WO No. 10;
d/ Granted P5 wage increase;
e/ Granted P9 COLA;
f/ Granted P6-13 wage increase as follows: P10-13 (Growth Corridor Area),
P8-9 (Emerging Growth Area), P6 (Resource Based Area);
g/ Granted P2-16 wage increase;
h/ Granted P6 wage increase;
i/ Granted P4-41 wage increase due to simplification to be given in three tranches:
P4-16 (Oct. 5, 2007), P8-15 (May 1, 2008, P7-11 (Sep. 16, 2008);
j/ Granted P5 & P9 wage increase;
k/ Granted P14 wage increase and integrated into the basic wage the P18 COLA granted
under WO Nos. 11 & 12; P2-14 in selected sectors due to restructuring;
l/ Granted P15 wage increase and integrated into the basic wage the P20 COLA granted
under WO No. 12;
m/ Granted P10 additional COLA;
n/ Granted additional P10 COLA;
o/ Granted P3-5 additional COLA;
p/ Granted P6 COLA;
q/ Granted P10 wage increase and P10 COLA (cash or non-cash) and integrated into the
basic wage the P10 COLA granted under WO No. 8.

Source: National Wages and Productivity Commission
Department of Labor and Employment
http://www.nwpc.dole.gov.ph/pages/statistics/stat_current_regional.html

Source: http://www.boi.gov.ph

For more questions on Doing Business in the Philippines, check out http://www.dti.gov.ph/.

myrealitiesinlife

Friday, December 26, 2008

work @ home on Christmas Vacation 2008

summer time @ dec 08

Wednesday, December 17, 2008

Manpower Costs

13th Month Pay

Tuesday, December 9, 2008

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Attendance Nov 26 to Dec 10, 2008

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