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Apr 14, 2024 · Presidential Decree No. 851, otherwise known as the 13th Month Pay Law, which required all employers to pay their employees a 13th month pay, was issued to protect the level of real wages from the ravages of worldwide inflation.
Feb 5, 2023 · In this article, we'll discuss how to compute 13th month pay and answer the most frequently asked questions about the 13th-Month Pay Law.
Oct 3, 2023 · The 13th-month pay is an additional compensation given to employees in the Philippines, typically at the end of each year. It's a government-mandated employee benefit under Presidential Decree No. 851. [1] Who is Eligible for This Mandatory Benefit?
Jan 24, 2024 · The 13th month pay is a mandatory benefit or compensation given to rank-and-file employees in the Philippines at the end of the year, as mandated by Presidential Decree No. 851 signed by President Ferdinand Marcos on December 16, 1975.
All employers are required to pay their rank and file employees thirteenth-month pay, regardless of the nature of their employment and irrespective of the methods by which their wages are paid, provided they worked for at least one (1) month during a calendar year.
Oct 29, 2021 · Under the law, the 13th-month pay shall not be less than one-twelfth (1/12) of the total basic salary earned by an employee within a calendar year. “Total basic salary earned during the year (12 months) = proportionate 13th-month pay,” it said.
13th month pay is an extra payment given to all rank-and-file employees in the private sector at the end of the year. This extra payment is equal to 1/12 of the employee’s basic salary earned for the year.
Oct 9, 2023 · For the formula, all you need is the basic salary, and then simply divide it by 12. Total basic salary per year / 12 = 13th month pay. For example, if an employee earns Php14,000 per month and doesn’t have unpaid days off, it would be: Php168,000 / 12 = Php14,000.
Nov 28, 2023 · In this article: 13th Month Pay Explained. General DOLE Guidelines on Your 13th Month Pay. How to Compute for Your 13th Month Pay. 13th Month Pay FAQs. There are two things that you can hear out of every Filipino’s mouth whenever the air starts getting colder in December.
Jul 13, 2024 · Yes, 13th month pay may be paid before December 24. It may also be paid in installments during the calendar year. For example, a portion of the 13th month pay may be paid in June (to help with school tuition and expenses, etc.), while the balance can be paid on/before December 24 (which will lessen the financial burden on the employer).
