SALARY SCHEME FOR THE BEST IT GRADUATE TO BE

. HIRED FOR YEAR 2019

NAME OF COMPANY: Covergenze Industries Inc.

Daily Salary - Php 900.00

Weekly Salary - Php 900.00 x 5 days = Php 4,500.00

Basic Monthly Salary - Php 900.00 x 20 days = Php 18,000.00

Rice Allowance - = Php 2,500.00

Transportation Allowance - = Php 2,000.00

Gross Compensation/Salary - = Php 22,500.00

Deductions:
SSS Personal Share - Php 72.00

Philhealth - Php 247.00

Pag-ibig Fund - Php 100.00

BIR Withholding Tax - Php 0.00

Total Deductions - Php 419.00

NET Pay = Php 22,081.00 + Overtime pay

Other Benefits:
Overtime pay - Php 100.00/hour max of 2 hours/day

Christmas Allowance - Php 6,000.00/year

13th Month pay - Php 18,000.00/year

14th Month pay - Php 18,000.00/year

Maternity/Paternity Leave - Maximum of 105 days

Scholarship Grant for Children - Maximum of 3 children to be supported

Health Insurance - Php 50,000.00/year

Date Allowance (single employee) - Php 6,000.00/year

Commuting/Travel Assistance - Php 5,000.00/month

Childcare Benefits (single parent) - Php 5,000.00/month