Computation of Holiday Pay of employees in the Philippines

Did not work on Regular Holiday = Daily rate + COLA *COLA = Cost of living allowance

Did not work on Special Holiday = “No Work, No Pay” **unless there is a favorable company policy, practice, or collective bargaining agreement (CBA) granting payment of wages on special days even if unworked.

Worked on Regular Holiday = (Daily rate + COLA) x 2

Worked on Special Holiday = Daily rate x 1.3

Worked on Regular Holiday and at the same time Rest Day = [(Daily rate + COLA) x 2] + [(Daily rate x2] x .30]

Worked on Special Holiday and at the same time Rest Day = Daily rate x 1.5

Worked overtime on Regular Holiday = [(Daily rate + COLA) x 2] + (Hourly rate x No. of Excess Hours x 2.6)

Worked overtime on Special Holiday = (Daily Rate x 1.3) + (Hourly rate x No. of Excess Hours x 1.69)

Worked overtime on Regular Holiday at the same time rest day = [(Daily rate + COLA) x 2] + [(Daily rate x .30) x 2] + (Hourly rate x No. of Excess Hours x 2.6)

Worked overtime on Special Holiday at the same time rest day = (Daily rate x 1.5) + (Hourly rate x No. of Excess Hours x 1.95)

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