Salary Adjustment Due to COVID-19 Pandemic
Acquire Mastery of HR/Labor Doctrines, Rules and Principles with Atty. Elvin’s HR Bundle Books at Discounted Rate Salary adjustment is a possibility as an alternative approach to business closure or any severe economic decision of a business. The Department of Labor and Employment on May 16, 2020 issued Labor Advisory 17, Series of 2020 providing that employers and employees may agree voluntarily in writing to temporarily adjust employees’ wage and wage-related benefits as provided for in the existing employment contract, company [...]