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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.
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.
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.
Dec 4, 2023 · In brief, the 13th Month Pay benefit in the Philippines is a statutory and mandatory benefit that employers are obliged to pay to rank-and-file employees in the Philippines on an annual basis.
Oct 29, 2021 · MANILA – The Department of Labor and Employment (DOLE) on Friday released the guidelines for the computation of the mandatory 13th-month pay for private-sector workers for this year.
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.
Nov 7, 2022 · All rank-and-file employees in the Philippines, including those in the BPO Philippines industry, are entitled to 13th-month pay regardless of their status or the amount of their basic salary as long as they have worked for their respective companies for a minimum of one month.
