Company Benefits

SSS Membership

The Social Security System ( SSS; Filipino Paseguruhan ng

Kapanatagang Panlipunan) is a state-run social insurance program in the

Philippines to workers in the private, professional and informal sectors.

SSS is established by virtue of Republic Act No. 1161, better known as

the Social Security Act of 1954. The Social Security System (SSS) of the

Philippines is a government agency with the mandate to provide social

insurance to private, public, professional, and informal sectors. Monthly

contributions to SSS are based on the compensation of members. SSS

provides death, funeral, maternity leave, permanent disability, retirement,

sickness and involuntary separation/unemployment benefits.

The current SSS contribution rate is 11% of the monthly salary

credit not exceeding P16,000 and this is being shared by the employer

(7.37%) and the employee (3.63%). Voluntary members an self-employed

members need to pay 11% of their monthly salary credit, based on the

amount they declared upon registration.

PhilHealth

The Philippine Health Insurance Corporation( PhilHealth) was

founded on February 5, 1995 to create a universal health coverage for the

Philippines. It is a tax-exempt, government-owned and government-

controlled corporation (GOCC) of the Philippines, and is attached to the

Department of the Health. It administers the National Health Insurance

Program, which was established to provide health insurance coverage and

ensure affordable and accessible health care services for all Filipinos. The

main goal of PhilHealth is to ensure the health of every Filipino through

their social health insurance regardless of social status: rich,working or

jobless, sick, old, young, poor and healthy. To achieve this, all premiums

paid by membership are pooled nationally and in effect, there is a cross-

subsidization across districts.

 Pag Ibig

The Home Development Mutual Fund, more popularly known as

the Pag-IBIG Fund, is a Philippine government-owned and controlled

corporation under the Department of Human Settlements and Urban

Development. Pag- IBIG is an acronym which stands for Pagtutulungan sa

kinabukasan at Ikaw, Bangko, Industriya at Gobyerno. In effect, Pag- IBIG

harnesses these four sectors of our society to provide its members with

adequate housing through an effective savings scheme.

Simply put, Pag-IBIG is a fund set up by the Philippine government to help

more Filipinos acquire a home.

Pag-IBIG members must contribute a minimum of P100 ($2.23) per

month, which can be paid each month.

13th Month Pay

Presidential Decree No. 1851 is mandatory benefits provided to

employee pursuant, which requires employers to grant 13th month pay to

all its rank and file employees. All rank-and -file employees who have

worked at least one (1) month during the calendar year, are entitled to

receive 13th month pay regardless of the nature of their employment and

irrespective of the methods by which their wages are paid.

The 13th month pay is equivalent to one twelfth (1/12) of an

employee’s basic annual salary. The Computation of the 13th month pay

primarily consists of the total basic monthly salary of an employee for the

whole year, divided by twelve (12) months.

Overtime

The time in addition to what is normal, as time worked beyond

one's scheduled working hours. Pay for any hours worked as overtime are

paid at a higher rate than regular hours. Overtime pay for hourly

employees is the additional pay rate paid for working more than a specific

number of hours in a week.

Here is an example of total pay for an employee who worked 42 hours in a

workweek:

•Regular pay rate x 40 hours = Regular pay, plus.

•Regular pay rate x 1.5 x 2 hours = Overtime pay, equals.

•Total pay for the week.

Rest day/Holiday

For official holidays, the Department of Labor and employment

(DOLE) has pay rules for regular holidays in the Philippines.

•If the employee did not work, he/she shall be paid 1p0 percent of his/her

salary for that day.

•If the employee works more than eight hours(overtime work) during a

regular holiday that also falls on his/her rest day, he/she shall be paid an

additional 30 percent of his/her hourly rate.

•If the employee works on his/her rest day, he/she shall be paid an

additional 30 percent of his/her daily rate 200 percent.

 Table 26.

SSS Contribution
Position EE ER

Administrative ₱1,000 ₱1,000

Accounting and Finance ₱1,000 ₱1,000

Operation and Technical ₱1,000 ₱1,000

Accounting and Finance ₱1,000 ₱1,000

1
Accounting and Finance ₱1,000 ₱1,000
2
Production Manager ₱1,000 ₱1,000

Marketing and Sales 1 ₱1,000 ₱1,000

Marketing and Sales 2 ₱1,000 ₱1,000

Quality Control 1 ₱1,000 ₱1,000

Quality Control 2 ₱1,000 ₱1,000

Total Monthly ₱10,000 ₱10,000

Contribution

Total Remittance ₱20,000

Annual Total ₱240,000 ₱240,000
Total ₱480,000
 Table 27.

Philhealth Contribution

Position EE ER

Administrative ₱300 ₱300

Accounting and Finance ₱300 ₱300

Operation and Technical ₱300 ₱300

Accounting and Finance ₱300 ₱300

1
Accounting and Finance ₱300 ₱300
2
Production Manager ₱300 ₱300

Marketing and Sales 1 ₱300 ₱300

Marketing and Sales 2 ₱300 ₱300

Quality Control 1 ₱300 ₱300

Quality Control 2 ₱300 ₱300

Total Monthly ₱3,000 ₱3,000

Contribution
Total Remittance ₱6,000
Annual Total ₱72,000 ₱72,000

Total ₱144,000
 Table 28.
Pag Ibig Contribution

Position EE ER

Administrative ₱220 ₱220

Accounting and Finance ₱220 ₱220

Operation and Technical ₱220 ₱220

Accounting and Finance ₱220 ₱220

1
Accounting and Finance ₱220 ₱220
2
Production Manager ₱220 ₱220

Marketing and Sales 1 ₱220 ₱220

Marketing and Sales 2 ₱220 ₱220

Quality Control 1 ₱220 ₱220

Quality Control 2 ₱220 ₱220

Total Monthly ₱2,200 ₱2,200

Contribution
Total Remittance ₱4,400
Annual Total ₱52,800 ₱52,800

Total ₱105,600

Table 26, 27 and 28 presented the SSS, Philhealth and Pag Ibig

contribution of each employee. It also showed the actual computation of the

contributions monthly and annually.

 Table 29.

Staffing and Costing

Table 29 shows the basic salary, total salary per month and per year of

each staff of the business. This table also included the SSS, Philhealth, Pag-Ibig

and the 13th Month Pay of the staff

Rules and Regulation Policy

To have a wonderful workplace, Partner in Comfort corp company set up

specific approaches, decisions and working conditions that will be trailed by all the

representatives as a state of their work at the organization. This depicted the potential

activities and conduct of representatives while leading the business tasks, the workers

will be informed when there are authentic changes in arrangements or methods made

by the organization.

Rules and Regulations

1. Nonattendance - inability to advise manager of being not able to report

for work at the most punctual conceivable chance. Inability to demonstrate

an explanation behind the nonappearance and plausible term of

nonattendance.

2. Organization property - inability to treat organization property with due

consideration. Expulsion of organization property from premises without

earlier authorisation. Utilizing organization property, time, materials and

hardware for unapproved work.

3. Drinking - bringing or burning-through mixed refreshments on

organization premises

4. Battling and actual attack

5. Robbery of organization and private property

6. Betting or making assortments on organization premises

7. Timekeeping delay and going home early

8. Wilful harm to organization property

9. Truly jeopardizing the wellbeing and security of himself/herself or others

10. Nonattendance - on account of disorder of 7 days or less, inability to

give self-confirmation promptly upon re-visitation of work. On account of

ailment nonattendance more than 7 days, inability to gracefully a clinical

declaration.