Rules for Pay for the Chinese New Year

Rules for Pay for the Chinese New Year

Last January 28, 2017, the country celebrated the Chinese New Year. As it was declared a Special Holiday, special pay rules apply for Daily Paid Employees:

If you did not work

The No Work, No Pay rule applies – unless there is a favorable company policy, practice or collective bargaining agreement (CBA) granting payment on a special day.

If you did work

(Daily Rate x 1.3) + COLA

Example: Daily Rate = P500.00, COLA = P15.00
(P500.00 x 1.3) + P15.00 = P665.00

If you worked Overtime (beyond 8 hours)

[(Daily Rate x 1.3) + COLA] + (Basic Hourly Rate x No. of Excess Hrs x 1.69)

Example: Daily Rate = P500.00, COLA = P15.00, Basic Hourly Rate = P62.50, Excess Hrs = 2
[(P500.00 x 1.3) + P15.00] + (P62.50 x 2 x 1.69) = [P665.00] + (P211.25) = P876.25

If you worked and it was also your Rest Day

(Daily Rate x 1.5) + COLA

Example: Daily Rate = P500.00, COLA = P15.00
(P500.00 x 1.5) + P15.00 = P765.00

If you worked overtime (beyond 8 hours) and it was also your Rest Day

[(Daily Rate x 1.5) + COLA] + (Basic Hourly Rate x No. of Excess Hrs x 1.95

Example: Daily Rate = P500.00, COLA = P15.00, Basic Hourly Rate = P62.50, Excess Hrs = 2
[(P500.00 x 1.5) + P15.00] + (P62.50 x 2 x 1.95) = [P765.00] + (P243.75) = P1,008.75