![](https://nextgenday.com/wp-content/uploads/2022/01/BusinessPh-02.jpg)
Employers are reminded of holiday pay laws by DOLE-Bicol.
The Department of Labor and Employment (DOLE) 5 (Bicol) advised all private sector companies in the region on Friday to pay their employees properly for the Chinese New Year special non-working holiday on February 1.
In a social media post, the DOLE-5 stated, “If the employee did not work, the ‘no work, no pay’ concept shall apply unless there is a favorable corporate policy, practice, or collective bargaining agreement giving remuneration on a special day.”
The employee will be paid an additional 30% of his or her basic wage for the first eight hours of work on a special day, or basic wage x 130 percent + cost of living allowance (COLA), according to the article.
It further stated that if an employee worked more than eight hours on a given day (overtime labor), he or she would be paid an additional 30% of their hourly pay for that day (hourly rate of the basic daily wage x 130 percent x 130 percent x number of hours worked).
The DOLE-5 also stated that if an employee works on a special holiday that also happens to be a person’s rest day, he or she will be paid an additional 50% of his or her daily rate for the first eight hours of labor, or daily salary x 150 percent + COLA.
Furthermore, if an employee works more than eight hours (overtime work) on a special holiday that also happens to be the employee’s rest day, he or she will be paid an additional 30% of his or her hourly rate on that day, or the hourly rate of the basic daily wage x 150 percent x 130 percent x number of hours worked.
Save/Share this story with QR CODE
Disclaimer
This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.
📩 Need to get in touch?
📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.
We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).
AFFILIATE PARTNERS
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.