The Department of Labor and Employment (DOLE) urged employers to strictly follow the Holiday Pay Rules for the May 1, 2014 Labor Day Holiday, one of the Regular Holidays in the Philippines.
DOLE Secretary also noted during the early weeks of April, about the Labor Advisory No. 10, prescribing the proper and correct payment of wages to private sector workers on the Regular Holiday in April and May 2014.
The Department of Labor also released a press statement, indicating the four (4) regular holidays in the months of April and May, particularly the Labor Day of May 1, 2014.
Based upon Proclamation No. 655, series of 2013 issued on September 23, 2013 by President Benigno S. Aquino III, declaring May 1, 2014 as one of the country’s regular holiday.
The 2014 Theme of the Labor Day is ““Sa Sipag, Tiyaga, at Talino, Buong Mundo Saludo sa Manggagawang Pilipino.”
Here’s the Pay Rules for May 1, 2014 Labor Day Holiday:
• If the employee did not work, he/she shall be paid 100 percent of his/her salary for that day. Computation: (Daily rate + Cost of Living Allowance) x 100%. The COLA is included in the computation of holiday pay.
• If the employee worked, he/she shall be paid 200 percent of his/her regular salary for that day for the first eight hours. Computation: (Daily rate + COLA) x 200%. The COLA is also included in computation of holiday pay.
• If the employee worked in excess of eight hours (overtime work), he/she shall be paid an additional 30 percent of his/her hourly rate on said day. Computation: Hourly rate of the basic daily wage x 200% x 130% x number of hours worked.
• If the employee worked during a regular holiday that also falls on his/her rest day, he/she shall be paid an additional 30 percent of his/her daily rate of 200 percent. Computation: (Daily rate + COLA) x 200%] + (30% [Daily rate x 200%)].
• If the employee worked in excess of eight hours (overtime work) during a regular holiday that also falls on his/her rest day, he/she shall be paid an additional 30 percent of his/her hourly rate on said day. Computation: (Hourly rate of the basic daily wage x 200% x 130% x 130% x number of hours worked).
