Employee Benefits: Compensation and Pay
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Questions and Answers

Who is responsible for developing standards for determining the daily minimum wage for different regions in the Philippines?

  • Regional Tripartite Wages and Productivity Boards (correct)
  • National Tripartite Industrial Peace Council
  • Department of Trade and Industry
  • Philippine Statistics Authority
  • What is the additional compensation for work performed during night shifts?

  • 20% of the hourly wage
  • 10% of the hourly wage (correct)
  • 15% of the hourly wage
  • 25% of the hourly wage
  • How many regular holidays are there in the Philippines according to Executive Order No. 292?

  • 16
  • 10
  • 12 (correct)
  • 14
  • How many days of leave are provided to solo parents under the 'Solo Parents' Welfare Act of 2000'?

    <p>7 days</p> Signup and view all the answers

    What is the benefit given to employees who have rendered at least one year of continuous service?

    <p>Service Incentive Leave</p> Signup and view all the answers

    How many days of paternity leave are granted?

    <p>5 days</p> Signup and view all the answers

    What is the leave benefit for victims of violence against women and their children?

    <p>15 days</p> Signup and view all the answers

    This is provided to members who are unable to report for work due to sickness or injury for at least four days.

    <p>Sickness Benefit</p> Signup and view all the answers

    What is the purpose of premium pay?

    <p>To compensate for work performed on public holidays</p> Signup and view all the answers

    What is the percentage of hourly rate added for overtime work performed during special non-working holidays?

    <p>25%</p> Signup and view all the answers

    What is the minimum period of service required for an employee to be entitled to special leave for women?

    <p>6 months</p> Signup and view all the answers

    What is the maximum period for which a female employee can extend her maternity leave without pay?

    <p>60 days</p> Signup and view all the answers

    What is the type of leave available to male employees to support their wife after childbirth or miscarriage?

    <p>Paternity Leave</p> Signup and view all the answers

    What is the minimum retirement pay mandated by law for employees who have served the company for at least five years?

    <p>One-half month's salary for every year of service</p> Signup and view all the answers

    When must the 13th month pay be paid to employees?

    <p>Not later than December 24</p> Signup and view all the answers

    What is the duration of leave with pay available to female employees for childbirth?

    <p>Two months</p> Signup and view all the answers

    Study Notes

    Employee Benefits

    • Premium pay is additional pay for work performed on public holidays.
    • Overtime work beyond eight hours is compensated with an additional 25% of the hourly rate.
    • Night shift differential is additional compensation for work rendered between 10:00 pm to 6:00 am.
    • Female employees can extend their maternity leave without pay for a maximum of 60 days.
    • Overtime work performed during special non-working holidays is compensated with an additional 30% of the hourly rate.
    • An employee must have at least 6 months of service to be entitled to special leave for women.
    • Male employees are entitled to paternity leave to support their wife after childbirth or miscarriage.
    • Female employees are entitled to two months leave with pay for childbirth.
    • The 13th month pay must be paid to employees not later than December 24.
    • The minimum retirement pay mandated by law for employees who have served the company for at least five years is one-half month's salary for every year of service.
    • The Regional Tripartite Wages and Productivity Boards are responsible for developing standards for determining the daily minimum wage for different regions in the Philippines.

    Leaves and Benefits

    • Employees are entitled to an additional 30% of their hourly rate for work done beyond eight hours on special non-working holidays.
    • Night shift differential is an additional 10% of the hourly wage.
    • Employees who have rendered at least one year of continuous service are entitled to service incentive leave.
    • There are 10 regular holidays in the Philippines according to Executive Order No. 292.
    • Male employees are granted 7 days of paternity leave.
    • Solo parents are provided 7 days of leave under the "Solo Parents' Welfare Act of 2000".
    • Victims of violence against women and their children are entitled to 15 days of leave.
    • Voluntary benefits are given to employees depending on the financial capacity and the generosity of the organizations.

    Other Benefits

    • A death benefit is given to primary beneficiaries of deceased members.
    • A sickness benefit is provided to members who are unable to report for work due to sickness or injury for at least four days.

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    Description

    Test your knowledge of employee benefits, including premium pay, overtime rates, and night shift differentials. This quiz covers various aspects of compensation and pay.

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