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Employee Cost Breakdown & Rates

The document outlines the monthly, daily, and hourly rates for employees including their basic salary, 13th month pay, statutory benefits to the government like SSS and PhilHealth contributions, agency service fees, value added tax, and holiday/overtime pay rates. It notes new laws affecting universal healthcare and SSS contributions. Employers must sign to confirm agreement with the outlined conditions.

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jennifergutierrezevasan
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86 views2 pages

Employee Cost Breakdown & Rates

The document outlines the monthly, daily, and hourly rates for employees including their basic salary, 13th month pay, statutory benefits to the government like SSS and PhilHealth contributions, agency service fees, value added tax, and holiday/overtime pay rates. It notes new laws affecting universal healthcare and SSS contributions. Employers must sign to confirm agreement with the outlined conditions.

Uploaded by

jennifergutierrezevasan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

MAGIC CORPORATE OFFICES, #218 MALUED DISTRICT, DAGUPAN CITY, TELEFAX (075) 653-7288

EMPLOYEE RATE
(COST BREAKDOWN)
UNIVERSAL HEALTH CARE R.A NO. 11223 - Effective January 1, 2021
SSS CONTRIBUTION ACT R.A. NO. 11199 - Effective January 2023

MONTHLY PER DAY PER HOUR


MEMBER
I. AMOUNT GIVEN DIRECTLY TO THE EMPLOYEE
1) Basic Salary (25 days x 1000.00) 25,000.00 1,000.00 125.00
2) 13th Month Pay 2,166.67 83.33 10.42
3) Incentive Leave - -
Total Amount 27,166.67 1,083.33 135.42

II. STATUTORY BENEFITS-AMOUNT TO GOVERNMENT


(Amount to Government in Favor of Employee)
1) SSS(Employer's Share) 1,930.00 74.23 9.28
2) Employee's Compensation(EC) - -
3) PHILHEALTH (4% of the monthly gross income) 1,000.00 38.46 4.81
4) PAG-IBIG (2% of the monthly gross income) 550.00 21.15 2.64
Total Amount 3,480.00 133.85 16.73

III. TOTAL AMOUNT(I and II) 30,646.67 1,217.18 152.15

IV. AGENCY SERVICE FEE(ASF)8% 2,451.73 97.37 12.17

V. TOTAL COST(III and IV) 33,098.40 1,314.55 164.32

VI. VALUE ADDED TAX (VAT)12% 3,971.81 157.75 19.72

IX. CONTRACT RATE/HEAD 37,070.21 1,472.30 184.04

HOLIDAY AND OVERTIME PAY RATE STRUCTURE


WORK ON RATE RATE RATE
PERCENTAGE PER DAY PER HOUR
Ordinary Day 100% 450.00 56.25
Rest Day 130% 585.00 73.13
Special Holiday 130% 585.00 73.13
Special Holiday for 30% ONLY 30% 135.00 16.88
Special Holiday falling on Rest Day 150% 675.00 84.38
Regular Holiday 200% 900.00 112.50
Regular Holiday falling on Rest Day 260% 1,170.00 146.25
Double Holiday 300% 1,350.00 168.75
Double Holiday falling on Rest Day 390% 1,755.00 219.38

Ordinary Day + RATE RATE PER


NIGHT DIFFERENTIAL
Rate Percentage PERCENTAGE HOUR

Ordinary Day, Night Shift 110% 10% 5.63


Rest Day, Night Shift 143% 43% 24.19
Special Holiday, Night Shift 143% 43% 24.19
Special Holiday, Rest Day, Night Shift 165% 65% 36.56
Regular Holiday, Night Shift 220% 120% 67.50
Regular Holiday, Rest Day, Night Shift 286% 186% 104.63
Double Holiday, Night Shift 330% 230% 129.38
Double Holiday, Rest Day, Night Shift 429% 329% 185.06

RATE
EXCESS OF 8 HOURS RATE PER HOUR COMPUTATION
PERCENTAGE
Regular OT 125% 70.31 Rate x % / 8
Rest Day, Overtime 169% 95.06 Rate x % / 8
Special Day, Overtime 169% 95.06 Rate x % / 8
Special Day, Rest Day, Overtime 195% 109.69 Rate x % / 8
Regular Holiday, Overtime 260% 146.25 Rate x % / 8
Regular Holiday, Rest Day, Overtime 338% 190.13 Rate x % / 8
Double Holiday, Overtime 390% 219.38 Rate x % / 8
Double Holiday, Rest Day, Overtime 507% 285.19 Rate x % / 8

RATE
EXCESS OF 8 HOURS, NIGHT SHIFT RATE PER HOUR COMPUTATION
PERCENTAGE
Ordinary Day, Night Shift, Overtime 137.50% 77.34 Rate x % / 8
Rest Day, Night Shift, Overtime 185.90% 104.57 Rate x % / 8
Special Day, Night Shift ,Overtime 185.90% 104.57 Rate x % / 8
Special Day, Rest Day, Night Shift, Overtime 214.50% 120.66 Rate x % / 8
Regular Holiday, Night Shift, Overtime 286.00% 160.88 Rate x % / 8
Regular Holiday, Rest Day, Night Shift, Overtime 371.80% 209.14 Rate x % / 8
Double Holiday, Night Shift, Overtime 429.00% 241.31 Rate x % / 8
Double Holiday, Rest Day, Night Shift, Overtime 557.70% 313.71 Rate x % / 8

Note:
* Actual Holiday and Overtime Pay Rate Structure shall be billed as incurred subject to applicable premium.
* 10% ASF will be added to the gross pay plus gov't. dues.
* 12% VAT will be added to the Gross Billing
* 2% EWT will be include as per BIR.

All Employees who are over six months of the Service shall be now considered as Regular Employees under Labor Code as
amended specifically Article 294 & 296 per advisory No. 1 series of 2015 and Labor Advisory No. 10 of 2016.

Please signify your conformity to the above-mentioned conditions by signing on the space provided below
and send the duplicated or agency copy to us.

Very truly yours, Conforme:

____________________________
MARIA KARLA V. LACRO Signature Over Printed Name
Operations Manager
MAGIC CORPORATE OFFICES, #218 MALUED DISTRICT, DAGUPAN CITY, TELEFAX (075) 653-7288

EMPLOYEE RATE
(COST BREAKDOWN)
UNIVERSAL HEALTH CARE R.A NO. 11223 - Effective January 1, 2021
SSS CONTRIBUTION ACT R.A. NO. 11199 - Effective January 2023

MONTHLY PER DAY PER HOUR


MEMBER
I. AMOUNT GIVEN DIRECTLY TO THE EMPLOYEE
1) Basic Salary (25 days x 550.00) 13,750.00 550.00 68.75
2) 13th Month Pay 1,191.67 45.83 5.73
3) Incentive Leave - -
Total Amount 14,941.67 595.83 74.48

II. STATUTORY BENEFITS-AMOUNT TO GOVERNMENT


(Amount to Government in Favor of Employee)
1) SSS(Employer's Share) 1,340.00 51.54 6.44
2) Employee's Compensation(EC) - -
3) PHILHEALTH 550.00 21.15 2.64
4) PAG-IBIG 275.00 10.58 1.32
Total Amount 2,165.00 83.27 10.41

III. TOTAL AMOUNT(I and II) 17,106.67 679.10 84.89

IV. AGENCY SERVICE FEE(ASF)8% 1,368.53 54.33 6.79

V. TOTAL COST(III and IV) 18,475.20 733.43 91.68

VI. VALUE ADDED TAX (VAT)12% 2,217.02 88.01 11.00

IX. CONTRACT RATE/HEAD 20,692.22 821.44 102.68

HOLIDAY AND OVERTIME PAY RATE STRUCTURE


WORK ON RATE RATE RATE
PERCENTAGE PER DAY PER HOUR
Ordinary Day 100% 450.00 56.25
Rest Day 130% 585.00 73.13
Special Holiday 130% 585.00 73.13
Special Holiday for 30% ONLY 30% 135.00 16.88
Special Holiday falling on Rest Day 150% 675.00 84.38
Regular Holiday 200% 900.00 112.50
Regular Holiday falling on Rest Day 260% 1,170.00 146.25
Double Holiday 300% 1,350.00 168.75
Double Holiday falling on Rest Day 390% 1,755.00 219.38

Ordinary Day + RATE RATE PER


NIGHT DIFFERENTIAL
Rate Percentage PERCENTAGE HOUR

Ordinary Day, Night Shift 110% 10% 5.63


Rest Day, Night Shift 143% 43% 24.19
Special Holiday, Night Shift 143% 43% 24.19
Special Holiday, Rest Day, Night Shift 165% 65% 36.56
Regular Holiday, Night Shift 220% 120% 67.50
Regular Holiday, Rest Day, Night Shift 286% 186% 104.63
Double Holiday, Night Shift 330% 230% 129.38
Double Holiday, Rest Day, Night Shift 429% 329% 185.06

RATE
EXCESS OF 8 HOURS RATE PER HOUR COMPUTATION
PERCENTAGE
Regular OT 125% 70.31 Rate x % / 8
Rest Day, Overtime 169% 95.06 Rate x % / 8
Special Day, Overtime 169% 95.06 Rate x % / 8
Special Day, Rest Day, Overtime 195% 109.69 Rate x % / 8
Regular Holiday, Overtime 260% 146.25 Rate x % / 8
Regular Holiday, Rest Day, Overtime 338% 190.13 Rate x % / 8
Double Holiday, Overtime 390% 219.38 Rate x % / 8
Double Holiday, Rest Day, Overtime 507% 285.19 Rate x % / 8

RATE
EXCESS OF 8 HOURS, NIGHT SHIFT RATE PER HOUR COMPUTATION
PERCENTAGE
Ordinary Day, Night Shift, Overtime 137.50% 77.34 Rate x % / 8
Rest Day, Night Shift, Overtime 185.90% 104.57 Rate x % / 8
Special Day, Night Shift ,Overtime 185.90% 104.57 Rate x % / 8
Special Day, Rest Day, Night Shift, Overtime 214.50% 120.66 Rate x % / 8
Regular Holiday, Night Shift, Overtime 286.00% 160.88 Rate x % / 8
Regular Holiday, Rest Day, Night Shift, Overtime 371.80% 209.14 Rate x % / 8
Double Holiday, Night Shift, Overtime 429.00% 241.31 Rate x % / 8
Double Holiday, Rest Day, Night Shift, Overtime 557.70% 313.71 Rate x % / 8

Note:
* Actual Holiday and Overtime Pay Rate Structure shall be billed as incurred subject to applicable premium.
* 10% ASF will be added to the gross pay plus gov't. dues.
* 12% VAT will be added to the Gross Billing
* 2% EWT will be include as per BIR.

All Employees who are over six months of the Service shall be now considered as Regular Employees under Labor Code as
amended specifically Article 294 & 296 per advisory No. 1 series of 2015 and Labor Advisory No. 10 of 2016.

Please signify your conformity to the above-mentioned conditions by signing on the space provided below
and send the duplicated or agency copy to us.

Very truly yours, Conforme:

____________________________
MARIA KARLA V. LACRO Signature Over Printed Name
Operations Manager

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