Reaping the Benefits of using a good Payroll System or Why you need to invest in a good Payroll System All companies start out small. With just a handful of employees, it can still be manageable to handle your payroll manually using Excel or your favorite spreadsheet program. But what happens when your company starts
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Daily Rate vs. Monthly Rate
Introduction – It’s All About the Rate When it comes to salary rates, there are 2 types: Monthly Rate and Daily Rate. Some companies do apply the Hourly Rate, but this follows the same principles applied to the Daily Rate. In essence, daily-rate and monthly rate employees are the same. Both types of employees are
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Regular Holiday on July 17, 2015 – EID’L FITR (Feast of Ramadhan)
Malacanang has just declared that July 15, 2015 is a Regular Holiday throughout the Philippines in observance of EID’L FITR (FEAST OF RAMADHAN). The Proclamation states the following: DECLARING FRIDAY, 17 JULY 2015, AS A REGULAR HOLIDAY THROUGHOUT THE COUNTRY IN OBSERVANCE OF EID’L FITR (FEAST OF RAMADHAN) WHEREAS, Republic Act No. 9177 declared
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Philippine Holiday Pay Rules and Computation
Calculating and Understanding Holiday Pay Rules So what are the rules involving holiday pay, and how is holiday pay calculated, specifically for Daily-Wage or Hourly-Wage employees? It all depends on the type of Holiday, and if your company follows the Holiday Pay Eligibility Rule. The Holiday Pay Eligibility Rule states that for an employee to
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Payroll Computation for Typhoon Work Suspension
How is payroll calculated if work is suspended due to a typhoon? Given the current typhoons that have plagued our country, one question that comes to mind is how one’s salary is affected if work is called-off or suspended due to a Presidential Proclamation because of these typhoons (or other calamities). In these cases, a
