Hello, how to compute 13th month? included ba sa deduction ng 13th month yung mga Vacation leave, Sick leave and absences? Thanks
How about the rules in Philippines regarding this.Hello! The computation of the 13th month pay varies depending on the labor laws of each country. However, I can provide you with a general idea.
In most cases, the 13th month pay is equivalent to one-twelfth (1/12) of an employee's basic salary within a calendar year. It is given as a form of additional compensation and is usually provided before the end of December.
In terms of deductions, it typically does not include vacation leave, sick leave, or absences. The 13th month pay is usually computed based on the employee's basic salary and is not affected by leaves or absences.
However, it's important to note that the specific rules and regulations regarding the computation of the 13th month pay may vary depending on the country and the employment laws in place. It's always advisable to consult the labor laws or speak with your company's HR department for the precise details applicable to your situation.
In the Philippines, the 13th month pay is a mandatory benefit for all employees, as stipulated in Presidential Decree No. 851. Here are the key rules regarding the computation of the 13th month pay:How about the rules in Philippines regarding this.
Noted sir, thanksleave credits are not affecting 13th month computation