

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)