DOLE Reminds Employers About Chinese New Year Holiday Pay
HOLIDAY PAY FOR CHINESE NEW YEAR – The Department of Labor and Employment (DOLE) has a reminder for employers.
One of the countries that joins China in the celebration of Chinese New Year is the Philippines. Truths be told that a huge part of the human population in the country now are Chinese people.
Many Chinese people got businesses in the Philippines. In fact, many of these businesses have helped these people reach the pedestal of success. On another side, many Filipinos obtained jobs because of these businesses.
China and the Philippines undeniably have a wonderful ties now. Not only the Chinese in the country but even the Filipinos are participating in the activities in line with the Chinese New Year.
The Chinese New Year will fall on January 25, 2020. It is a special non-working holiday in the Philippines. Employees who will work are entitled to an additional pay.
Recently, the Department of Labor and Employment (DOLE) gave a reminder to the employers regarding the Chinese New Year holiday pay. Certain additional pays must be implemented depending on the status of duty.
Based on a report on ABS-CBN News, those who will report to work on Saturday, January 25, 2020, are entitled to an additional 30% of their basic wage in the first eight (8) hours of work. It is per the DOLE Labor Advisory No. 2.
For those who will overtime at work on that day, the employees are entitled to 30% of their hourly rate. For those whose rest day will fall on January 25 but will report to work, they are entitled to an additional of 50% of their basic wage for the first eight (8) hours of work.
For those who will overtime at work on Saturday which is supposedly their rest day, according to DOLE, the employer must pay the employee an additional 30% of his or her hourly rate.