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

 

July 22, 2017 @ 1:00pm - 4:30pm [POSTPONED]

Century Park Hotel - Vito Cruz, Manila

 

 

 

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

  • Mandatory-Wage Order

  • Above Poverty Threshold, Lower than Average Wage

 

V.  EXEMPTION POLICY

 

VI. PROCEDURES FOR EXEMPTION

VII. CATEGORIES OF EXEMPTIBLE ESTABLISHMENTS

  • Distressed 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.

 

  • Overview

  • Definition of Terms: What is Wage Distortion

  • Elements/Principles of Wage Distortion

  • Remedies

    • 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)

 

Seminar Fee:
Php. 3,000.00 per participant
Inclusive of snacks, learning materials and certificate

Please make all check payments payable to "IPG Training Institute for Professional Advancement"

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