Friday, June 10, 2016

Premium Pay, Overtime Pay and Night Shift Differential


Part 1 - NCR Minimum Wage, COLA, Normal Hours of Work, Rest Day, Meal Period

Part 2 - Holiday Pay, Conditions for Entitlement and How to compute Holiday Pay

 FAQS ON WAGE AND WAGE RELATED BENEFITS  part 3 ... 


10. WHAT IS PREMIUM PAY?
       Premium pay refers to the additional payment for work within 8 hours on rest days or special days. For list of special days, log in at dole.gov.ph/pages/view/9

11. HOW MUCH IS THE PREMIUM PAY OF AN EMPLOYEE?

       Plus 30% of the daily basic rate or a total of 130% for work performed on rest day or special day.
       Plus 50% of the daily basic rate or a total of 150% for work performed on special day falling on the employee’s rest day.  
       Plus 30% of the daily basic rate or a total of 260% for work performed on a regular holiday falling on the employee’s rest day.

12. WHAT IS OVERTIME PAY?

       Overtime pay refers to the additional pay for work performed in excess of 8 hours a day.

13. HOW MUCH IS THE OT PAY OF AN EMPLOYEE?

       Plus 25% of the hourly rate for work performed in excess of 8 hours on ordinary day.
       Plus 30% of the hourly rate for work performed in excess of 8 hours on rest day, special day or regular holiday.

14. WHAT IS NIGHT SHIFT DIFFERENTIAL?

        Night shift differential refers to the additional compensation for work performed from 10:00 O’clock in the evening to 6:00 O’clock in the morning.

15. HOW MUCH IS THE NIGHT DIFFERENTIAL OF AN EMPLOYEE?

        Plus 10% of the hourly rate for work between 10:00 O’clock in the evening and 6:00 O’clock in the morning.

click here to read for continuation to Part 4 - Leave Benefits ...

Source :
http://bwc.dole.gov.ph/index.php/9-faqs/17-faqs-on-wage-and-wage-related-benefits




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