Minimum Wage Fixing & Policies on Wage Distortion
by the Department of Labor & Employment - NWPC
(A Must For Every Employer To Know : Policies & Procedures in Correcting Wage Distortion)
Republic Act 6727: Wage Rationalization Act
ATTENTION: Company Owners, HR Officers, Comptrollers, CFO’s, Internal Auditors, CPA Practitioners, Accountants, Bookkeepers, Accounting Managers, Treasurers, Administrative Officers, HRD, Employers
Available Webinar Schedules
17 July 2021 | Saturday | 9:00am-12:00pm
Minimum Wage Fixing in the Philippines
Do you plan on changing the compensation structure of your business? Have you utilized the exemption bracket for your workers? Be guied by the National Wages and Productivity Commission rules & regulations under RA 6727.
Whether you have a small business or a large company, determining the minimum wages at the regional, povincial, and industry levels are needed to ensure that you remain competitive while adhering to the regulations of the Department of Labor & Employment.
Learn the policies on wage determination & the newly amended rules on exemption to maximize your growth, avoid penalties, and ensure that workers, employees, and staff are appropriately compensated!
Free yourselves from penalties and legal issues while allowing your business and industry reasonable returns of investment, expansion and growth.
I. WAGE RATIONALIZATION ACT
II. CRITERIA FOR MINIMUM WAGE FIXING
III. WAGE ORDER ISSUANCE PROCEDURE
IV. TWO-TIERED WAGE SYSTEM
Lowest Allowable Wage in a Region/Industry/Sector
Above Poverty Threshold, Lower than Average Wage
V. EXEMPTION POLICY
VI. PROCEDURES FOR EXEMPTION
VII. CATEGORIES OF EXEMPTIBLE ESTABLISHMENTS
New Business Enterprises (NBEs)
Retail/Service Establishments Employing Not More Than Ten (10) Workers
Establishments Affected by Calamities such as Natural and Human-Induced Disasters
VIII. CRITERIA FOR EXEMPTION
The National Wages and Productivity Commission Compliance on Wage DIstortion
Have you changed your company wage policies in the past 3 years? Are you aware of the policies that affect wage changes in the Philippines? Be guided by the National Wages & Productivity Commission rules & regulations!
When wage distortion or the subsequent removal or reduction of intentional quantitative differences in wage occurs, the law compels parties to correct these using its allowable forms and mechanisms immediately.
Learn the different methods, formulas & applicable laws that can help correct the error, avoid penalties and allow your company or agency to effectively comply with regulations of the Department of Labor and Employment.
Definition of Terms: What is Wage Distortion
Elements/Principles of Wage Distortion
Wage Distortion Correction Procedures
Suggested Wage Distortion Formula
I. WHEN IS THERE WAGE DISTORTION?
II. ELIMINATION OR SEVERE CONTRACTION
III. INTENTIONAL QUANTITATIVE DIFFERENCES
IV. IS IT MANDATORY TO CORRECT WAGE DISTORTION?
V. CAN WORKERS RECEIVE THE PRESCRIBED WAGE RATES PENDING THE RESOLUTION OF A WAGE DISTORTION ISSUE?
VI. PROCEDURAL & TECHNICAL REMEDIES
Employer and Union Negotiate
Disputes settled through grievance procedure in CBA
If unresolved, through compulsary arbitration at NLRC
VII. HOW DO WE KNOW THAT THERE IS A WAGE DISTORTION?
VIII. COMPUTATION AND PROCEDURES
IX. WORKSHOP (Please Bring A Calculator)
WEBINAR FEE: Php. 2,000.00
(Payment made through bank deposit atleast 1 day [cut-off time: 4:00pm] before the seminar)
(Credit/Debit Card payments are accepted via PayPal)
*Please make all check payments payable to "IPG Training Institute for Professional Advancement"