DOLE Reminds Employers of Holiday Pay Rule for Chinese New Year & People Power Anniv
The Department of Labor and Employment (DOLE) reminded the employer of holiday pay rule for Chinese New Year and People Power Anniversary.
The Labor Department released Labor Advisory No. 2, series of 2021, which prescribes the proper payment of salaries for Chinese New Year (February 12, 2021) and EDSA People Power Revolution’s anniversary (February 25, 2021).
President Rodrigo Duterte has issued Proclamation No. 986 declaring February 12 and 25 as special non-working holidays nationwide. The proclamation has been approved last July 30, 2020.
On Wednesday (February 10), Labor Secretary Silvestre Bello III reminded the employers regarding the holiday pay rule for February 12 and 25, 2021 as well as the “no work, no pay” policy.
Employees who will not report to work during the special holiday will receive no salary for that day except if the company has a collective bargaining agreement (CBA) granting payment during the holiday.
Workers who will report to work are entitled to receive an additional 30 percent of their basic salary for the first eight hours. Employees who will work overtime shall receive an addition 30 percent of their hourly rate.
“Thus, the computation will be ‘hourly rate of the basic wage x 150% x 130% x number of hours worked,” DOLE said.
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