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The Labor Code of the Philippines governs employment practices and labor relations in the Philippines. It also identifies the rules and standards regarding employment such as pre-employment policies, labor conditions, wage rate, work hours, employee benefits, and termination of employees.
The Labor Code sets the rules for hiring and firing of private employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth-month pay and retirement pay; and the guidelines in the organization and membership in labor unions as well as in collective bargaining. The prevailing ...
The Social Security Act of 2018 mandates the government to provide unemployment benefits to private sector employees who were involuntarily separated from employment. Unemployment benefit is also referred to as unemployment insurance or involuntary separation benefit. The payments are sourced from the country's Social Security System (SSS).
Website. www .sss .gov .ph. The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
Benefits and Services. The principal benefit package of the GSIS consists of compulsory and optional life insurance, retirement, separation and employee's compensation. Organization. The governing and policy-making body of the GSIS is the Board of Trustees, the members of which are appointed by the President of the Philippines.
Endo (derived from " end-of-contract ") [1] refers to a short-term employment practice in the Philippines. It is a form of contractualization which involves companies giving workers temporary employment that lasts them less than six months and then terminating their employment just short of being regularized in order to skirt on the fees which ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for Filipinos.
The Department of Labor and Employment ( Filipino: Kagawaran ng Paggawa at Empleo, [2] commonly abbreviated as DOLE) is one of the executive departments of the Philippine government mandated to formulate policies, implement programs and services, and serve as the policy-coordinating arm of the Executive Branch in the field of labor and employment.
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