Search This Blog

Philippine Companies

Monday, August 21, 2023

Calabarzon workers get second tranche of wage hike Published on: January 03, 2023 By Christopher Hedreyda

 JAN 3 , 2023 SALARY MINIMUM WAGE BINAN SANTA ROSA

CALAMBA CITY, Laguna (PIA) — Minimum wage earners in Calabarzon will get an increase of P23 to P48 in their daily take-home pay following the implementation of the second tranche of a wage order.

The Regional Tripartite Wages and Productivity Board (RTWPB) IV-A announced on Tuesday, January 3 that Wage Order IVA-19 previously signed in May 2022 took effect last December 30.

Minimum wage earners in the region have already received an additional P3 to P49 daily increase during the first tranche of the wage order last year.

The new minimum wage rate in the non-agricultural sector is set to P470 in the extended metropolitan area which includes the cities of Bacoor, Imus, and Dasmarinas in Cavite; Binan and San Pedro in Laguna; Antipolo City, Cainta, and Taytay in Rizal.

Component cities and first class municipalities will receive a P28 wage increase or P429 daily rate. 

Wage rate in the second and third class municipalities workers was set to P390 while the rate in the fourth to 6th class municipalities was set to P350.

Meanwhile, agricultural workers in the extended metropolitan area and component cities will now receive P429 daily; workers in first class municipalities will get P390 daily; those in second to sixth class municipalities will receive P350 daily.

Those in the retail and service establishments with not more than 10 workers will receive an across-the-board increase of P23 giving them a P350 daily wage rate.

The minimum wage rate is given to employees who work for not exceeding eight hours a day.

According to the RTWPB IV-A, the wage hike is the government’s response to the lower purchasing power of the peso, two-tiered wage system, poverty threshold, impact of the COVID-19 pandemic, comparability of wages vis-a-vis benchmark regions, and the dispersal of industries across the region. (CH/PIA-Laguna; with reports from RTWPB IV-A)

 

---

REF- https://pia.gov.ph/news/2023/01/03/calabarzon-workers-get-second-tranche-of-wage-hike#:~:text=The%20new%20minimum%20wage%20rate,Cainta%2C%20and%20Taytay%20in%20Rizal.

--

notes:

1.  as of JAN 3 , 2023 SALARY MINIMUM WAGE BINAN,LAGUNA= Php470 per day or Php58.75 per hour

2. as of JAN 3 , 2023 SALARY MINIMUM WAGE Santa Rosa,LAGUNA= Php429 per day or Php53.625 per hour

No comments:

Post a Comment

11/21/2024 usd-php / usd:rmb forex

  SOURCE= BLOOMBERG     Date 1 USD: PHP % CHANGE 1 USD: CNY (RMB) ...