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
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Employee Mobile Time-Tracking for your Mobile Workforce
One common challenge that a lot of companies face is how to track the attendance of the mobile workforce. These are employees who are always being assigned to different locations, or those that are always on the go. A lot of employees fall under this category – salesmen, agents, consultants, support personnel, med reps, etc. Most of
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Payroll Tax Annualization
What is Payroll Tax Annualization? This is when an employee’s payroll for the entire year is consolidated and used to calculate for the withholding tax for the year, to find out the remaining tax (or tax refund) that should be paid by the employee. Normally, you want to do this starting in October. So
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List of Philippine Holidays for 2015
List of Holidays for 2015 Under Proclamation No. 831, below are the confirmed list of Holidays for 2015. With this, you can already start planning employee work schedules, and ask people to file their leave requests in advance for proper scheduling. Regular Holiday / Special Holiday January 1 Thursday – New Year’s Day January 2
