Guidelines Implementing the Pag-IBIG Fund Loan Restructuring Program (LRP) for Wholesale Loans

May 11, 2015NWPC ADVISORY NO. RB VIII-01ADVISORY ON THE IMPLEMENTATION OF PRODUCTIVITY-BASED INCENTIVE SCHEMES FOR THE HOTEL AND RESTAURANT INDUSTRY IN EASTERN VISAYASWHEREAS, the National Wages and Productivity Commission, pursuant to Republic Act 6727 issued NWPC Guidelines No. 2, series of 2012 on the Implementation of the Two-Tiered Wages System (TTWS); WHEREAS, the TTWS refers to the pay system that consists of the First-tier which is the minimum wage mandated under Wage Order No. RB VIII-18 and subsequent wage orders that may be issued by this Regional Board and the Second-tier which is the voluntary productivity-based pay scheme and agreements between the workers and management;WHEREAS, this Regional Board issues this Advisory for the Voluntary Productivity-based Pay Scheme to guide enterprises on a range of productivity-based incentives for enterprises in Eastern Visayas;WHEREAS, this Regional Board in issuing this Advisory, has taken into consideration the current wage structure in Eastern Visayas and the thrust to achieve higher levels of productivity to preserve and generate jobs, and to augment the income of workers by way of productivity improvement...