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STARTING October 2, 2024, workers in private establishments in Central Visayas will see a significant boost in their daily minimum wage rates.Here’s a breakdown of what you need to know about the recent wage hike approved by the Central Visayas Regional Tripartite Wages and Productivity Board and the Department of Labor and Employment ..WHAT'S CHANGING?.Daily Minimum Wage Increase : The new daily minimum wage will rise by P33 to P43.
Class C Municipalities: In municipalities not covered under Class A or B, the daily minimum wage will increase to P453 from P415-P420..WHAT DOES THIS MEAN FOR WORKERS?.Percentage Increase: The wage hike represents about a 7-8 percent increase in daily minimum wages.Wage-Related Benefits: Workers will also see an approximate 11 percent rise in benefits such as 13th month pay, service incentive leave, and contributions to SSS, PhilHealth, and Pag-Ibig..WHO WILL BENEFIT?.Direct Impact: About 1.
Wage Hike Central Visayas Wage Hike Calabarzon Wage Increase Salary Increase
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