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MODULE 2: Holiday Pay, Premium Pay, OT Pay, Night Shift Differential
September 9 @ 9:00 am - 12:00 pm
The Philippine labor market acknowledges the different compensation practices such as Holiday Pay, Premium Pay, Overtime (OT) Pay, and Night Shift Differential as they carry a pivotal role in maintaining harmonious employer-employee relations and compliance to labor laws. These forms of additional pay beyond regular wages are also designed to ensure fairness, acknowledge sacrifices, and motivate employees who work under unique circumstances.
Each form of compensation has its own coverage and conditions outlined in the Handbook on Workers’ Statutory Monetary Benefits. These regulations must be observed by employers, alongside the computations applicable to their organization. They must also understand these concepts for better budgeting, while employees need to understand how these payments affect their overall income. Knowledge of these concepts is crucial for both parties to make informed financial decisions.
The importance of Holiday Pay, Premium Pay, OT Pay, and Night Shift Differential in the Philippines goes beyond mere financial remuneration. Proper compensation practices of these working conditions highlight the employer’s dedication to provide a harmonious, equitable, and legally compliant workplace. By observing these practices, employers also create positive connections with their workforce, leading to enhanced productivity and balance within the workplace
The Employers Confederation of the Philippines has crafted a module on understanding the essentials of holiday pay, premium pay, OT pay, and night shift differential. The program will highlight the coverage and conditions of holiday pay, premium pay, OT pay, night shift differential, correct computation of these work schemes, and guide formulas that employers can apply in accordance to their existing compensation structure.
At the end of the 3-hour session, participants will:
- Understand the coverage and conditions of holiday pay, premium pay, OT pay, night shift differential
- Learn the proper computation of rates for the corresponding work schemes.
- Discover the formulas and rates applicable to their organization.
- Overview of the holiday pay, premium pay, OT pay, night shift differential.
- Proper computation of holiday pay, premium pay, OT pay, night shift differential.
- Guide formulas and references for holiday pay, premium pay, OT pay, night shift differential.
September 9, 2023. 9:00 a.m. – 12:00 p.m.
ECOP Member PhP900.00
Non-ECOP member PhP1,200.00
Mr. Raymond Luclucan, AFPM
Mr. Raymond Luclucan is an HR Practitioner with more than a decade of human resource experience across all facets of HR (Talent Acquisition, Human Capital Management, Labor and Employee Relations, Total Rewards (Compensation & Benefits, Executive Incentives and Bonuses), Industrial Relations, Learning & Development, Organizational Dev’t, Succession Planning, Performance Management Systems, Regulatory Requirements, Policy, HR Systems and Processes and Third-Party Outsourcing).
His specialties are in, change management, leadership development, talent management, diversity, organizational design, project management and outsourcing. He is known for networking and nurturing strong relationships with executives, managers and supervisors and down the line to understand their business, concerns and challenges and with the ability to influence and appropriately challenge and coach them to adopt new ways of thinking and working.
With a proven track record in managing change, business process improvement and concomitant realignment, he has handled numerous difficult severance programs with zero legal complaints, as well as developing talent pipelines and implementing innovative and sustainable HR solutions in a complex and highly matrixed organization.
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For more inquiries, you may contact us via [email protected]