EMPLOYEE COMPENSATION TOPICS/ISSUES.pptx

Employee Compensation Topics and Issues

1. Employee Compensation Issues DISCUSSANT: JESSA S. ESTEBAN AIREEN A. MISAJON ROSE ANN MENDOZA MED-EM 2A

2. What is Compensation? The word compensation comes from the Latin verb compensare , which means “ weigh against”. In sense, compensation is a counterbalances - Simply pay for services during the course of employment Employee Compensation refers to the benefits (cash, vacation, etc.) that an employee receives in exchange for the service they provide to their employer

3. COMPENSATION MAY BE USED TO:

4. TYPES OF COMPENSATION

5. TYPES OF COMPENSATION

6. The Department of Education (DepEd) in the Philippines uses a compensation system primarily based on a salary grade system. This system, aligned with the national government’s compensation structure, determines the salary of DepEd personnel based on their position and years of service.

7. Salary Grade and Position-Based Compensation: - DepEd’s compensation is fundamentally built upon a salary grade system. Each position within the Department, from Teacher I to high-level administrators, is assigned a specific salary grade. The salary grade directly correlates with the salary received.

8. Other Benefits and Allowances of Personnel: Personnel Economic Relief Allowance (PERA) Php 2,000/month Mid- Year Bonus 1 month basic pay of the employees Special Hardship Allowance (SHA) The total of SHA must not exceed the 25% of annual basic salary Honoraria of Teaching Overload Maximum of 25% of the annual basic salary Year-End Bonus 1 month basic pay of the employees Step Increment Due to Length of Service Depending on the salary grade table Productivity Enhancement Incentives ( PEI) Php 5 000/year Loyalty Cash Incentive Php 1000 for every year of service of the qualified employee Transportation Allowance for ALS Teachers Php 3, 000/ month Teaching aid Allowance for ALS Teachers Php 5, 000/ year

9. THAT’S ALL