The document discusses minimum wage, which is the lowest remuneration that employers must legally pay employees based on the work performed. It is set by governments and enforced to promote adequate living standards and reduce inequality. The International Labor Organization establishes international labor standards and promotes workers' rights. In the Philippines, the Department of Labor and Employment and National Wages and Productivity Commission determine minimum wage, which varies by region and employment type but is often too low to cover basic needs.
The document discusses minimum wage, which is the lowest remuneration that employers must legally pay employees based on the work performed. It is set by governments and enforced to promote adequate living standards and reduce inequality. The International Labor Organization establishes international labor standards and promotes workers' rights. In the Philippines, the Department of Labor and Employment and National Wages and Productivity Commission determine minimum wage, which varies by region and employment type but is often too low to cover basic needs.
The document discusses minimum wage, which is the lowest remuneration that employers must legally pay employees based on the work performed. It is set by governments and enforced to promote adequate living standards and reduce inequality. The International Labor Organization establishes international labor standards and promotes workers' rights. In the Philippines, the Department of Labor and Employment and National Wages and Productivity Commission determine minimum wage, which varies by region and employment type but is often too low to cover basic needs.
The document discusses minimum wage, which is the lowest remuneration that employers must legally pay employees based on the work performed. It is set by governments and enforced to promote adequate living standards and reduce inequality. The International Labor Organization establishes international labor standards and promotes workers' rights. In the Philippines, the Department of Labor and Employment and National Wages and Productivity Commission determine minimum wage, which varies by region and employment type but is often too low to cover basic needs.
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Minimum
Wage By: Keith Dela Fuente What is Minimum Wage?
● “ The amount of remuneration that an employer is
required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract ” ● It applies to all types of employment or workers may it be regular, casual, short-term apprentices, or trainees, regardless of job profile International Labor Organization ● It is a United Nations agency tasked with promoting social and economic fairness by establishing international labor standards ● It is the UN's first and oldest specialized agency, having been established in October 1919 under the League of Nations. ● The Philippines joined the International Labour Organization (ILO) in 1948, shortly after gaining independence. International Labor Organization
MISSION VISION The ILO's core goals are to promote workers' rights, promote adequate employment opportunities, improve social protection, and foster dialogue on work-related issues. Minimum Wage
● The Department of Labor and Employment
(DOLE) and its affiliate agency, the National Wages and Productivity Commission (NWPC), are the agencies in charge of enforcing the labor code in the Philippines. ● The term "daily pay" may not apply to all jobs. A precise duty schedule of 8 hours is not always possible for such tasks. Minimum wage
Employment Monthly Minimum Salary( In PHP)
Teachers 14,300 Security Guard 6090 Domestic Workers 6000 Example of Salary Computation ● EMR= (Applicable Daily minimum salary Rate x No. Of working days)/12 No. Of working № Category Days 1 Salaried Regular Employees (e.g., police officers) 365 Workers who do not work or not considered paid on Sundays or 2 313 rest days Employees who do not work or not considered paid on 3 261 Saturdays, Sundays and Rest days Can people live on minimum wage? ● The minimum wage is simply meant to get by, and it's very impossible to make ends meet on it alone. ● Employees' purchasing power is considerably reduced as a result of low wages and rising inflation. ● According to the Philippine Statistics Authority (PSA), a daily income of at least P390 is required to cover the basic needs of a household of five. ● The presence of Regional Tripartite Wages and Productivity Boards (RTWPBs) and its practice of establishing various minimum wages in metros and provinces is seen as unreasonable by many. Thank You
