Holiday Pay Computation For November 30, 2017 (Bonifacio Day) With Illustrations
Holiday pay computation for November 30, 2017 or Bonifacio Day is provided by the Department of Labor and Employment (DOLE) under Labor Advisory 15, Series of 2017.
According to DOLE issuance:
- If the employee did not work, he shall be paid 100% of his salary for that day, subject to certain conditions under the implementing rules and regulations [(Daily rate + COLA) x 100%];
- For work done during the regular holiday, the employee shall be paid 200% of his regular salary for that day for the first eight hours [(Daily rate + COLA) x 200%];
- For work done in excess of eight hours (overtime work), he shall be paid an additional 30% of his hourly rate on said day [(Hourly rate of the basic daily wage x 200% x 130% x number of hours worked)];
- For work done during the regular holiday that also falls on his rest day, he shall be paid an additional 30% of his daily rate of 200% [(Daily rate + COLA) x 200%] + [30%(Daily rate x 200%)]; and
- For work done in excess of eight hours (overtime work) during a regular holiday that also falls on his rest day, he shall be paid an additional 30% of his hourly rate on said day [(Hourly rate of the basic daily wage x 200% x 130% x 130% x number of hours worked)].
Illustration based on NCR rate per Wage Order No. 21 of P502 Basic Daily Wage (BDW) and COLA of P10 the pay of Employee X on Bonifacio Day which is a regular holiday is as follows:
Employee X did not work. To be paid 100% of his salary for that day, subject to certain conditions under the implementing rules and regulations [(Daily rate + COLA) x 100%]
Daily rate + COLA; P502 + P10 = P512
P512 x 100% = P512
Thus, X shall be paid P512.00
For work done during the regular holiday, the employee shall be paid 200% of his regular salary for that day for the first eight hours [(Daily rate + COLA) x 200%]
Daily rate + COLA x 200%
P512 x 200% = P1,024
Thus, X shall be paid P1,024.00
For work done in excess of eight hours (overtime work), he shall be paid an additional 30% of his hourly rate on said day [(Hourly rate of the basic daily wage x 200% x 130% x number of hours worked)]
Hourly rate of the BDW: P502 / 8 = P62.75
200% of hourly rate of BDW: P62.75 x 200% = P125.50
130% of 200% of hourly rate of BDW: P125.50 x 130% = P163.15
For instance, X worked for four (4) hours of OT, he shall be paid for said OT work, in addition to his basic pay, as follows:
P163.15 x 4 = P652.60
For work done during the regular holiday that also falls on his rest day, he shall be paid an additional 30% of his daily rate of 200% [(Daily rate + COLA) x 200%] + [30%(Daily rate x 200%)]
Daily rate + COLA x 200%; P502 + P10 x 200%
P512 x 200% = P1,024
Daily rate x 200% x 30%
P502 x 200% x 30% = P301.20
P1,024 + P301.20 = P1,325.20
Thus, X shall be paid a total of P1,325.20 for his work during Bonifacio day that also falls on his rest day.
For work done in excess of eight hours (overtime work) during a regular holiday that also falls on his rest day, he shall be paid an additional 30% of his hourly rate on said day [(Hourly rate of the basic daily wage x 200% x 130% x 130% x number of hours worked)]
Hourly rate of BDW is P62.75 (P502 / 8 = P62.75)
200% of hourly rate of P62.75 is P125.50
130% of P125.50 is P163.15
130% of 163.15 is P212.10
Let us say X worked for four (4) hours, his OT pay, in addition to his basic pay, shall be as follows:
P212.10 x 4 = P848.38
Equip yourself with the rules, principles, and computations of employee compensation and benefits. Grab a copy of HR books (HR Bundle) by Atty. Villanueva.
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