13TH-MONTH PAY IN THE PHILIPPINES: HOW TO COMPUTE 13TH-MONTH PAY? | GUIDEPH
The 13th-month pay is an additional payment given to representatives toward the year's end. Be that as it may, the estimation of the 13th-month pay relies upon different components and it, for the most part, mimics the value of an employee's monthly pay. However, the inquiry that boggles on the mind of each employee is the manner by which a specific company computed their 13th-month pay. In this article, I will try to respond to the topic of how to compute the 13th-month pay here in the Philippines. 13TH-MONTH PAY: DEFINITION 13th-month pay implies an advantage given to a worker adding up to one-twelfth (1/12) of the employee's essential salary inside a schedule year. It is suggested by the Philippine labor laws as a required advantage and ought not to be mistaken for the "Christmas Bonus" ordinarily practiced in the local business setting. The Christmas Bonus isn't an obligation, and must be released upon an employer' intentional judgment. It is norma...