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MODULE 1: UNDERSTANDING MINIMUM WAGE LAW
September 2 @ 9:00 am - 12:00 pm
According to the International Labour Organization, minimum wages are “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.”
This definition refers to the binding nature of minimum wages, regardless of how they are fixed. Minimum wages can be set by statute, the decision of a competent authority, a wage board, a wage council, or by industrial or labor courts or tribunals. Minimum wages can also be set by giving the force of law to provisions of collective agreements.
The purpose of minimum wages is to protect workers against unduly low pay. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all employed and in need of such protection. Minimum wages can also be one element of a policy to overcome poverty and reduce inequality, including those between men and women, by promoting the right to equal remuneration for work of equal value.
But how do employers comply with the minimum wage law?
The Employers Confederation of the Philippines has developed a module on understanding minimum wage law. The program will focus on how minimum wage law is developed in the Philippines, how to compute minimum wage law and discover wage distortion correction formulas.
At the end of the 3-hour session, participants will:
- Understand the minimum wage law
- Learn the proper computation of minimum wage
- Discover wage distortion correction formulas
- Overview of the minimum wage law
- Proper computation of minimum wage
- Wage distortion correction formulas
September 2, 2023. 9:00 a.m. – 12:00 p.m.
ECOP Member PhP900.00
Non-ECOP member PhP1,200.00
Federico R. Marquez Jr., DPM
After completing a career forty six (46) illustrious years in Human Resources, Freddi has earned for himself the distinction of being a top caliber HR professional in the Industry. Five (5) major highlights were; his taking the lead role in the HR profession as the president of Personnel Managers’ Association of the Philippines in 2001, earning the most prestigious PEOPLE MANAGER OF THE YEAR award in 2011, getting accredited as a DIPLOMATE IN PEOPLE MANAGEMENT IN 2011 (the highest HR professional recognition HR), assuming responsibility of President of Compensation Management Society of the Philippines, CMSP for seven 7 years, and co-founding the ASEAN TOTAL REWARDS INSTITUTE based in Singapore.
He was the Senior Vice President for Human Resources of St. Luke’s Medical Center, a world class and multi awarded healthcare system in the Philippines from May 2018 until he retired July 31, 2018. He is President Emeritus of the Compensation Management Society of the Philippine, having served CMSP President from 2011 to 2017, and currently a Governor of the Employers’ Confederation of the Philippines. He is also the chairman of HR Team Asia Inc, and HR Management and Business Solution, Inc. He is a founding member and sits at the Advisory Accreditation Council of the Asean Total Rewards Institute, ATRI.
Prior to St. Luke’s where he assumed HR leadership role for 10 years, he has had more than 46 years of HR experience with large corporations such as Unilever, Warner Lambert, Alcatel, Guoco Holdings and Philippine National Bank.
Freddi was a Global executive as he once assumed Regional HR responsibility covering 11 Asian Countries, and Sector HR Head covering 31 Latin America/ Asia /Australia/Middle East/Africa countries while he was with Warner Lambert. Freddi graduated 1972 with Bachelor of Arts degree in Economics at Ateneo University. He acquired his post graduate International Management Course at American Graduate School of International Management (also known as Thunderbird University) at Arizona USA, as well as his Management Development Program at the Asian Institute of Management.Register to the CPBA+CTRA program Register to the CPBA program Register to the CTRA program
For more inquiries, you may contact us via [email protected]