Understanding Holiday Pay Computations in the Philippines: A Comprehensive Guide
Introduction: Holiday pay is a crucial aspect of labor regulations in the Philippines, ensuring that employees are fairly compensated for working on designated holidays. In this blog post, we will delve into the intricacies of holiday pay computations, providing a comprehensive guide to help both employers and employees understand their rights and obligations. Understanding Regular Holidays: Regular holidays, such as New Year's Day, Labor Day, and Christmas Day, are fixed dates observed nationwide. According to Philippine labor laws, if an employee works on a regular holiday, they are entitled to receive 200% of their daily wage for the first eight hours. Any work beyond the eight-hour period should be compensated at an additional 30% of their hourly rate. Comprehending Special (Non-working) Days: Special non-working days, like EDSA People Power Revolution Anniversary or All Saints' Day, offer additional rest days for employees. If an employee works on a special non-working day