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Labor In The Philippines
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring process, working conditions, benefits, policymaking on labor within the company, activities, and relations with employees. The Labor Code and other legislated labor laws are implemented primarily by government agencies, namely, Department of Labor and Employment and Philippine Overseas Employment Agency (now the country's Department of Migrant Workers). Non-government entities, such as the trade unions and employers, also play a role in the country's labor. Labor force The Philippines has one of the biggest available pools of qualified workers (aged 15–64) in the world in absolute terms which ranks 13th largest in the world behind count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Code Of The Philippines
The Labor Code of the Philippines is the legal code governing employment practices and labor relations in the Philippines. It was enacted on Labor day, May 1, 1974 by Late President of the Philippines Ferdinand Marcos in the exercise of his then extant legislative powers. The Labor Code sets the rules for hiring and firing of private employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth-month pay and retirement pay; and the guidelines in the organization and membership in labor unions as well as in collective bargaining. The prevailing labor code allows the typical working hour to be 8 hours a day, i.e. 48 hours a week with the provision that at least a day should be allowed to the workers as weekly off. The minimum age allowed for employment is considered 15 years in the Philippines, unless the individuals are working under direct supervision of their parents. The Labor Code contains several provisions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Productivity
Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity, often referred to as labor productivity, is a measure for an organisation or company, a process, an industry, or a country. Workforce productivity is to be distinguished from employee productivity which is a measure employed at ''individual level'' based on the assumption that the overall productivity can be broken down to increasingly smaller units until, ultimately, to the individual employee, in order be used for example for the purpose of allocating a benefit or sanction based on individual performance (see also: Vitality curve). In 2002, the OECD defined it as "the ratio of a volume measure of output to a volume measure of input". Volume measures of output are normally gross domestic product (GDP) or gross value added (GVA), expressed at constant prices i.e. adjusted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kilusang Mayo Uno
Kilusang Mayo Uno, or May First Labor Movement (KMU) is an independent labor center in the Philippines promoting militant unionism. It follows in the fighting tradition of the country's first trade union, the Lithographers' and Printers' Union of the Philippines ( es, Unión de Litógrafos e Impresores de Filipinas) in 1892 and the Congress of Labor Organizations (CLO) of the 1950s. KMU was created on May 1, 1980, during the Marcos regime to represent progressive workers‘ organisations in the country that advocated National Democratic struggle, especially the end of what was seen as American imperialism. In the 1990s the movement separated into several smaller organizations that focus on Philippine labor issues. Campaigns KMU advocates for an across-the-board-wage increase of ₱125. This campaign was launched in 1999 and in December 2006, the House of Representatives approved House Bill 435 seeking a ₱125 legislated wage hike. KMU is also leading a campaign against ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Union Congress Of The Philippines
The Trade Union Congress of the Philippines (TUCP) is the largest national trade union center in the Philippines. Founded in 1975 by labor leader Democrito Mendoza, TUCP is affiliated with the International Confederation of Free Trade Unions and the International Trade Union Confederation The International Trade Union Confederation (ITUC); german: Internationaler Gewerkschaftsbund (IGB), link=no; es, Confederación Sindical Internacional (CSI), link=no. is the world's largest trade union federation. History The federation w .... ITUC, 2013 House of Representatives Deputy Speaker Raymond Democrito Cañete Mendoza is a Filipino politician and labor leader, serving as the President of TUCP, the largest labor center and conf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Technical Education And Skills Development Authority
The Technical Education and Skills Development Authority (TESDA ; fil, Pangasiwaan sa Edukasyong Teknikal at Pagpapaunlad ng Kasanayan) serves as the Philippines' Technical Vocational Education and Training (TVET) authority. As a government agency, TESDA is tasked to both manage and supervise the Philippines' Technical Education and Skills Development (TESD). Its goals are to develop the Filipino workforce with "world-class competence and positive work values" and to provide quality technical-educational and skills development through its direction, policies, and programs.“Vision, Mission, Value and Quality Statement.” 2017. Technical Education and Skills Development Authority - TESDA. TESDA. Accessed June 26. http://www.tesda.gov.ph/About/TESDA/11. History Predecessor Technical-Vocational Education was first introduced to the Philippines through the enactment of Commonwealth Act No. 3377, or the “Vocational Act of 1927.” On June 3, 1938, the National Assembly of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Government
The Government of the Philippines ( fil, Pamahalaan ng Pilipinas) has three interdependent branches: the legislative, executive, and judicial branches. The Philippines is governed as a unitary state under a presidential representative and democratic constitutional republic in which the president functions as both the head of state and the head of government of the country within a pluriform multi-party system. The powers of the three branches are vested by the Constitution of the Philippines in the following: Legislative power is vested in the two-chamber Congress of the Philippines—the Senate is the upper chamber and the House of Representatives is the lower chamber. Executive power is exercised by the government under the leadership of the president. Judicial power is vested in the courts with the Supreme Court of the Philippines as the highest judicial body. Legislative branch The legislative power is vested in the Congress of the Philippines which consists of the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost Of Living Allowance
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Definition Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Cost-of-living adjustment (COLA) Employment contracts and pension benefits can be tied to a cost-of-living index, typically to the consumer price index (CPI). A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to be seen as a way to help lower-income families. Modern national laws enforcing compulsory union membership which prescribed minimum wages for their members were first passed in New Zealand in 1894. Although minimum wage laws are now in effect in many jurisdictions, differences of opinion exist about the benefit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippine Overseas Employment Administration
The Philippine Overseas Employment Administration (POEA) was an agency of the Government of the Philippines responsible for opening the benefits of the overseas employment program of the Philippines. It is the main government agency assigned to monitor and supervise overseas recruitment and manning agencies in the Philippines. The POEA's office is located at EDSA corner Ortigas Avenue, Mandaluyong, Philippines. History The Philippine Overseas Employment Administration was established in 1982 through Executive Order No. 797. The goal of the agency's establishment was to promote and monitor the overseas employment of Filipino workers. The POEA was reorganized in 1987 through Executive Order No. 247 in order to respond to changing markets and economic conditions, and to strengthen components that would protect Filipino workers and the regulatory components of the overseas employment program. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overseas Filipino Workers
Overseas Filipino Worker (OFW) is a term often used to refer to Filipino migrant workers, people with Filipino citizenship who reside in another country for a limited period of employment. The number of these workers was roughly 1.77 million between April and September 2020. Of these, female workers comprised a larger portion, making up 59.6 percent, or 1.06 million. However, this number declined to 405.62 thousand between 2019 and 2020. Etymology The term "Overseas Filipino Worker" (OFW) was used as early as the 1990s to refer to Filipino migrant workers, when Republic Act 8042, also known as the Migrant Workers and Overseas Filipinos Act of 1995 was enacted. The term was officially adopted by the Philippine government when the Philippine Overseas Employment Administration (POEA) adopted the 2002 POEA Rules and Regulations Governing the Recruitment and Employment of Land-based Overseas Workers. Historically, particularly during the administration of President Ferdinand Marcos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation (which is considered "healthy" at the level in the range 2%–3%) and to increase employment. Additionally, it is designed to try to k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
