Biometric Fingerprint Time-Keeping Devices Attendance Processing One important ingredient in calculating the payroll for a company is the correct processing of the employees’ time and attendance. The attendance will be the basis for determining how much to pay an employee; how much overtime was rendered; how much should be deducted for absences, late and undertime,
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Regular Holiday on September 25, 2015
September 25, 2015 is a Regular Holiday The Government has declared September 25, 2015 as a Regular Holiday in observance of EID’L ADHA (FEAST OF SACRIFICE). Eid’l Adha is one of the two greatest feasts of Islam. Based on the Islamic Calendar and the declaration made by Saudi Arabia’s highest religious authority, Eid”l Adha will
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List of Philippine Nationwide Holidays for 2016
2016 Holidays Nineteen nationwide holidays have been declared for 2016, so far. The following were declared by virtue of Proclamation No. 1105, s. 2015, unless otherwise specified: January 1, 2016, Friday – New Year’s Day (Regular holiday) January 2, 2016, Saturday – Additional special non-working day February 8, 2016, Monday – Chinese New Year (Special non-working
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Philippine Holidays in August 2015
2 Long Weekends in August 2015 Good news for Holiday watchers! There are 2 Holidays in August, with an extra Holiday for those working in Quezon City. August 21 – Ninoy Aquino Day This year, Ninoy Aquino Day, which is on August 21, falls on a Friday. Ninoy Aquino Day commemorates the assassination of former
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Benefits of a Payroll System Part 2
What are the other benefits of using a Payroll System? Accountability and Audit-Tracking The second benefit to using a Payroll System is Accountability and Audit Tracking. Imagine – an employee was mistakenly paid for 20 hours of overtime, only to find out that the overtime was not approved in the first place. Or someone’s salary
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The Benefits of using a Payroll System
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
