Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
SBN-1370 Workers Productivity Incentives Act of 2007

SBN-1370 Workers Productivity Incentives Act of 2007

Ratings: (0)|Views: 286|Likes:
Published by J. O. M. Salazar
AN ACT GRANTING AN ANNUAL PRODUCTIVITY INCENTIVE TO ALL WORKERS IN THE PRIVATE SECTOR, ESTABLISHING MECHANISMS FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES
AN ACT GRANTING AN ANNUAL PRODUCTIVITY INCENTIVE TO ALL WORKERS IN THE PRIVATE SECTOR, ESTABLISHING MECHANISMS FOR ITS IMPLEMENTATION, AND FOR OTHER PURPOSES

More info:

Published by: J. O. M. Salazar on Dec 19, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/27/2010

pdf

text

original

 
,
‘.”~
,>! ,;:
..
,.,~l;’,~cv
)
?
/~.
-..
,..
,
FOURTEENTH CONGRESS OF THE REPUBLIC
1
OF THE PHILIPPINES
First
Regular
Session
1
I
,!!.!~
L!
,
Introduced
by
Senator Benigno
S.
Aquino
111
EXPLANATORY NOTE
The
1987
Constitution expressly states that:
“The State
shall
promote
a
just and dynamic socialorder
that
will ensure the prosperity
and
independence of thenation
and
free the people from poverty through policies thatprovide adequate social services, promote
full
employment,
g
rising standard of
livinq,
and
an
improved aualitg
of
life for
-
ll.”
(Article
11,
Sec. 9)And
:
<‘The State
shall
promote social justice
in
all
phases ofnational development.,’
(Article
11,
Sec.
10);
And further:
‘<TheState affirms labor as
a
primam
social economicforce.
It
shall
protect the
riahts
of workers
and
promotetheir welfare.
(Article
11,
Sec.
18)
And finally:
The State
shall
regulate the relations between workersand employers, recognizing the
right
of
labor to its just share
in
the fruits of production and the
right
of enterprises toreasonable return on investments, and to
its
expansion
of
itsqrowth”.
(Par.
4,
Section
3,
Article
XIII)
Pursuant to the above-quoted provisions of the
1987
Constitution,it is the apparent duty of the State
to
provide proper mechanisms thatwill put into practice these constitutional mandates.
 
Presently, labor and management relations
are
characterized
as
confrontational when discussing
and
settling basic
and
significant issuesaffecting wages, benefits
as
well
as
conditions of work.
As
a
result, theproductivity expected both from labor and management suffers therebylessening their ability to compete and survive
as
one entity.
It
is
ideal
as
it
is
realistic
that
the success of any businessenterprise largely depends on the atmosphere of cooperation and supportof labor with management and vice versa.This bill, granting “Productivity Incentive Bonuses” to laborers
in
the private sector, is
a
recognition for their indispensable contribution tothe success of the business enterprise.
It
likewise seeks to promote andprovide measures for the mutual benefit and industrial harmony betweenlabor and management.Through this legislative initiative, the worker’s rights to uplift andimprove their lives
as
well
as
the management’s rights to
a
reasonablereturnontheir investments are
satisfied
through their cooperativeendeavors.The granting of the Productivity Incentive
Bonus
for labor will not
only
serve
as
an
additional income but will work
as
an incentive
for
greater productivity. This increased productivity will definitely benefitthe business enterprise.
It
is
in this light that the approval of this measure
is
earnestlyrequested.
 
Introduced by Senator Benign0
S.
Aquino
I11
AN ACTGRANTING AN ANNUAL PRODUCTIVITY INCENTIVE TO ALLWORKERS IN THE PRIVATE SECTOR, ESTABLISHING MECHANISMS
FOR
TS IMPLEMENTATION, AND FOR OTHER PURPOSES
Be
it
enacted
by
the Senate and the House
of
Representatives
of
thePhilippines in Congress assembled:
SECTION
1.
Title.
-
This Act shall be known
as
the “WorkersProductivity Incentives Act of
2007.”
SEC.
2.
Statement
of
Policy.
-
It
is
hereby declared the policy ofthe State to continuously empower the Filipino workers in theircontinuing struggle to uplift and improve their lives through policies thateffectively contribute
to
greater economic gains, protection of their rightsand advancement of their welfare. The State shall, therefore, promote therights
of
workers in their just and
fair
share in the profits from theproduction of goods and services in
all
endeavors where their labors andexpertise are employed by virtue of
a
management-labor/employer-employee relation.SEC.
3.
Extent
of
Grant.
--
All
workers
in
the private sectorregardless of their employment status and not excluded by this Act shallbe granted an annual productivity incentive bonus which shall
be
equivalent to not less than ten percent
(1
OYO)
of
net profits before taxesgained by any company or business establishment for every fiscal yearthat engages their labor, skills and expertise for any period or duration,provided that they
have
worked for
at
least one month during thecalendar year.
If
the employee worked for only
a
portion
of
the year, theproductivity incentive bonus shall be computed pro rata.SEC.
4.
Rule Making Power
-
The Department
of
Labor
andEmployment, in consultation with the National Wages and ProductivityCommission, Bureau of Internal Revenue, and representatives from thelabor and employer sectors shall promulgate and issue within
six
(6)
months from the effectivity of this Act such rules and regulations
as
arenecessary to implement the provisions hereof.
1

Activity (3)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
J. O. M. Salazar liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->