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How To Compute Your 13th Month Pay Alam Nyo Ba 

How To Compute Your 13th Month Pay

Most people leave the task of computing their 13th month pay to the accounting department. But it’s always better to know how to calculate this so you can plot your budget ahead of time. Rank and file or non-managerial employees in private companies are entitled to 13th month pay, which will not be less than 1/12 of the basic salary earned within the Calendar year. To put it simply, assuming you have no absences and tardiness, the amount you will get will be your monthly salary multiplied by the number…

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Questions and Answers on 13th Month Pay Alam Nyo Ba 

Questions and Answers on 13th Month Pay

From the Department of Labor and Employment’s Bureau of Working Conditions Q:  What is 13th month pay? A:  13th month pay is a form of monetary benefit equivalent to the monthly basic compensation received by an employee, computed pro-rata according to the number of months within a year that the employee has rendered service to the employer. Q: Who are required to pay the 13th month pay? A: All establishments regardless of the number of employees are required to pay their rank-and-file employees the 13th month pay. Q: Who are…

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