DOLE open to 14th month pay
from July 8, 2019 01:00 am to July 8, 2019 01:00 am
The labor department has reiterated its openness to the proposed bill requiring the grant of 14th month pay to employees in the private sector.
Labor Secretary Silvestre Bello III on Tuesday said that DOLE has to study the proposed bill to consider the interest of the labor and management, as well as its impact to the country’s economic stability.
“We support anything that benefits our workers and their families. However, we must ensure that the proposal will not cause imbalance between the needs of labor and the capability of employers. We must study it very well,” Bello said.
The labor chief said the proposed bill must be studied carefully and must undergo a tripartite assessment to find out its viability under the country’s present economic situation.
Also, Bello emphasized the need to consider the capability of the employers, considering that the Philippines’ economy largely depends on the sustainability of its micro, small, and medium enterprises (MSMEs).
“We must take note that around 90 percent of the businesses in the country are MSMEs, so we must always consider the capability of the employers to bear extra expenses. We do not want to give our workers with false expectations that might result to industrial controversy,” Bello said.
Senate Bill No. 10, otherwise known as “An Act Requiring Employers in the Private Sector to Pay 14th Month Pay” was re-filed by Senate President Vicente Sotto III and has been pending in the Senate since July 2016.
Under the bill, “rank-and-file employees regardless of their employment status, designation, and irrespective of the method by which their wages are paid provided that they have worked at least one month during the calendar year” are entitled to a 14th month pay. ###AbegailDeVega