Minimum Wage: Worker's Statutory Monetary Benefits Flashcards
Act. No. 6727
Wage Rationalization Act
It mandates fixing of the minimum wages applicable to different industrial sectors, namely, non-agriculture, agriculture plantation, and non-plantation, cottage/handicraft, and retail/service
Wage Rationalization Act
It refers to farming in all its branches and among others, includes the cultivation and tillage of soil, production cultivation, growing and harvesting of any agricultural/horticultural commodities, etc.
Agriculture
Retail establishment
sale of goods to end-users for personal or household use
Example of retail establishment
department stores, membership warehouses, grocery
It is a sale of service to individuals for their own or household- people go to get service done
Service establishment
What is RTWPBs?
Regional Tripartite Wages and Productivity Boards
How many regions are covered by the wages rationalization act
19 regions
Coverage of wage increases
All private sector workers and employees receiving the daily minimum wage rates/receiving up to a certain daily wage ceiling
Exemption of wage increases
Workers of duly registered Barangay Business Enterprises (BMBEs)
Republic Act No. 10879
MIMAROPA Act - enable it to pursue programs consistent with national goals for accelerated social and economic development
Minimum Wage Rates - old and new for non-agriculture
P 570 - P 610
Minimum Wage Rates - old and new for agriculture, service/retail, manufacturing establishments
P 533 - P 573
Region with highest mwr
NCR - 573-610
Region with lowest mwr
BARMM 306-341