Handbook on Workers' Statutory Monetary Benefits

1998HANDBOOK ON WORKERS' STATUTORY MONETARY BENEFITSTable of ContentsI . MINIMUM WAGESA. CoverageB. Amount of Minimum Wage IncreaseC. Basis of Minimum WageD. Monthly-Paid Employees as Distinguished from Daily-Paid EmployeesE. Guidelines for Computation of Equivalent Monthly Rate of Monthly-Paid and Daily-Paid EmployeesF. Minimum Wage for Certain Types of Employees a. Workers Paid by Result b. Private School TeachersG. Teaching Load prescribed by DECS for TeachersH. Minimum Wage of Apprentices, Learners and Handicapped WorkersI. Effect of Reduction of Workdays on WagesII . HOLIDAY PAY A. CoverageB. Regular HolidaysC. Muslim HolidaysD. Special DaysE. AbsencesF. Temporary or Periodic Shutdown/Cessation of Work G. Holiday Pay of Certain EmployeesIII. PREMIUM PAY A. DefinitionB. CoverageC. Premium Pay RatesIV. OVERTIME PAY A. DefinitionB. CoverageC. Overtime Pay RatesD. Stipulated Overtime RatesV. NIGHT SHIFT PAY A. CoverageB. Minimum Night Shift PayC. Computation of Night Shift PayVI. SERVICE INCENTIVE LEAVEA. CoverageB. Meaning of "one year of service"C. Availment/Commutation to CashD. Illustration *VII. SERVICE CHARGESA. SharingB. PaymentsC. TipsVIII. TERMINATION PAY A. One Month Pay or One-Half Month Pay Per Year of ServiceB. One (1) Month Pay Per Year...