Regression analysis: Simple Linear Regression Multiple Linear Regression
Lecture Nwpc 2 Feb2010
1. NWPC Learning Session on Wages and Productivity LABOR STANDARDS and 2010 HOLIDAYS NICANOR V. BON Bureau of Working Conditions Department of Labor and Employment 11Flr., Conference Room, Antonino Bldg., Kalaw St. Ermita, Manila 2 February 2010
17. Payment of Wages Forms of Payment shall be paid in legal tender . Payment by check or thru ATM - allowed where the following conditions are met: with written consent of employees. bank or ATM facility within 1 km from workplace. Employees are given reasonable time during banking hours to withdraw wages from bank facility. Bureau of Working Conditions
18. Payment of Wages cont… Time of Payment not less often than once every 2 weeks or twice a month at intervals not exceeding 16 days. at or near the place of undertaking. Place of Payment Bureau of Working Conditions
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23. THE USE OF FACTORS Guidelines for the Computation of the Estimated Equivalent Monthly Rate (EEMR) of Monthly-Paid and Daily-Paid Employees Bureau of Working Conditions
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25. Procedure in Computing the EEMR of Monthly-Paid Employees: Applicable Daily Rate x 365 12 = EEMR 365 days/year : 299 ordinary workdays 52 rest days 11 regular holidays 3 special days 365 Total equivalent no. of days/year Bureau of Working Conditions
26. For those who work everyday including Rest Days, Special Days & Regular Holidays 392.50 days/year : 299 ordinary workdays 22 eleven regular holidays x 200% 67.60 52 rest days x 130% 3.90 3 special days x 130% 392.50 Total equivalent no. of days/year Applicable Daily Rate x 392.50 12 = EEMR Bureau of Working Conditions
27. For those who do not work and are not paid on Sundays or Rest days 313 days/year : 299 ordinary working days 11 regular holidays 3 special days (if considered paid; if actually worked = 3.9 days) 313 Total equivalent no. of days/year Applicable Daily Rate x 313 12 = EEMR Bureau of Working Conditions
28. For those who do not work and are not paid on Saturdays & Sundays or Rest days Applicable Daily Rate x 261 12 = EEMR 261 days/year : 247 ordinary working days 11 regular holidays 3 special days (if considered paid; if actually worked = 3.9 days ) 261 Total equivalent no. of days/year Bureau of Working Conditions
46. Retirement Pay cont… Amount of Retirement Pay : “one-half month salary” Component of “one-half month salary”: 15 days salary cash equivalent of 5 days of SIL 1/12 of the 13th month pay or a total of 22.5 days [ Capitol Wireless, Inc. vs. Sec. Confesor, Nov. 13, 1996 ] Formula : Minimum retirement pay = Daily Rate x 22.5 days x years in service Bureau of Working Conditions
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48. have a nice day….. THANK YOU ! Bureau of Working Conditions
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Editor's Notes
Date: 02 February 2010 Speaker: BWC Nicanor V. Bon NWPC Learning Session: Labor Standards and 2010 Holidays
Date: 02 February 2010 Speaker: BWC Nicanor V. Bon NWPC Learning Session: Labor Standards and 2010 Holidays
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
NWPC Learning Session: Labor Standards and 2010 Holidays Date: 02 February 2010 Speaker: BWC Nicanor V. Bon
Date: 02 February 2010 Speaker: BWC Nicanor V. Bon NWPC Learning Session: Labor Standards and 2010 Holidays
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