Wages and monetary benefits •
Minimum wage • Remunerations or earnings paid by an employer to an employee for service rendered are called wages. Article 99 of the Labor Code of the Philippines stipulates that an employer may go over but never below minimum wage. Paying below the minimum wage is illegal. The Regional Tripartite Wages and Productivity Boards is the body that sets the amount for the minimum wage. In the Philippines, the minimum wage of a worker depends on where he works. • Thirteenth month pay • According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. The thirteenth month pay is exempted from being taxed by the government. The photo below is from the
Department of Labor and Employment, which shows the computation of a hypothetical thirteenth month pay. • Retirement pay •
Hours of work • Normal hours of work • Article 83 and 84 of the Philippine Labor Code, A night shift differential is payment of not less than ten percent (10%) of the regular hourly wage of an employee for each hour of work performed during this time period. • The maternity leave can be extended without pay if any illness medically certified are to come as a result of the pregnancy, delivery, abortion, or miscarriage which leaves the woman unfit to work. A worker, whether regular or casually employed is entitled to these benefits. • PhilHealth benefits • According to Republic Act No. 7875, as amended by Republic Act No. 9241, "The National Health Insurance Program (NHIP), formerly known as Medicare, is a health insurance program for SSS members and their dependents whereby the healthy subsidize the sick who may find themselves in need of financial assistance when they get hospitalized." Employees of the public and private sector are covered by these benefits. ==See also==