Learning and Improving
The computation of Final Pay is the remaining monetary benefits due to the employee and to be released with 30 days from the date of separation. Both computation and release of the Final Pay has been clarified by Department of Labor and Employment (DOLE) through the issuance of Labor Advisory No. 6, series of 2020 … Read more
Vacation Leave (VL) is provided by the company to afford the employee to rest and relax and Sick Leave (SL) is to compensate employees who are unable to work on the designated work days. Vacation Leave (VL) and Sick leave (SL) may be given by an employer as an alternative to Service Incentive Leave (SIL). … Read more
The difference between Redundancy and Retrenchment is that the latter reducing manpower to avoid financial loss while the former only requires proof that manpower is in excess of what is demanded. The terms “Retrenchment” and “Redundancy” are not household terminologies and sometimes occur confusion between the two (2). However, the process and elements termination of … Read more
Separation Pay is a monetary payment given to employees who were involuntary separated from employment due to authorized causes in which the Computation of Separation Pay is based on the type of Authorized Cause. It is a mandatory severance pay as stated in the provisions of Presidential Decree No. 442, also known as the Labor … Read more