Advisory on the Implementation of Productivity — Based Incentive Scheme
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Advisory on the Implementation of Productivity — Based Incentive Scheme
Advisory No. RTWPB III-01
December 2, 2013
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National Wages and Productivity Commission
NWPC Advisories
Labor
Advisory on the Implementation of Productivity — Based Incentive Scheme
Advisory No. RTWPB III-01
•December 2, 2013
December 2, 2013ADVISORY NO. RTWPB III-01ADVISORY ON THE IMPLEMENTATION OF PRODUCTIVITY-BASED INCENTIVE SCHEMEPursuant to RA 6727 and NWPC Guidelines No. 02, Series of 2012, the following advisory guidelines are hereby adopted for the implementation of Productivity-Based Incentive Scheme (PBIS) in Region III: SECTION 1. Rationale. —The Productivity-Based Incentive Scheme (PBIS) is a formal mechanism to encourage commitment to productivity improvement and to share the gains therefrom. It is a result of an agreement between labor and management that is flexible, negotiable, and voluntary in nature. The application of the PBIS is at the enterprise level.Once labor and management decides to adopt the scheme, they will develop a productivity improvement incentive and gainsharing program specifying the performance criteria, targets, measurements, sharing ratio and frequency of the distribution of incentives.The following activities were undertaken in crafting this Advisory:a) Gathering data from the publications of government agencies, such as the National Economic and Development Authority, the Department of Trade and Industry, Department of Labor and Employment to establish the Region's economic performance and to identify and profile the...
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