Employees who have worked for at least one year are entitled to a 13th month pay equal to their monthly basic salary. For those working less than one year, their 13th month pay is prorated based on the length of their service, calculated as their monthly basic salary multiplied by the number of months worked. The document then provides examples of the 13th month pay calculations for three employees, one who worked for 12 months and received a full month's basic salary, and two others who worked less time and received prorated amounts.
Employees who have worked for at least one year are entitled to a 13th month pay equal to their monthly basic salary. For those working less than one year, their 13th month pay is prorated based on the length of their service, calculated as their monthly basic salary multiplied by the number of months worked. The document then provides examples of the 13th month pay calculations for three employees, one who worked for 12 months and received a full month's basic salary, and two others who worked less time and received prorated amounts.
Employees who have worked for at least one year are entitled to a 13th month pay equal to their monthly basic salary. For those working less than one year, their 13th month pay is prorated based on the length of their service, calculated as their monthly basic salary multiplied by the number of months worked. The document then provides examples of the 13th month pay calculations for three employees, one who worked for 12 months and received a full month's basic salary, and two others who worked less time and received prorated amounts.
NB. Employees who have rendered at least one year of service
are entitled to a 13th month pay equivalent to one month's basic salary. For those with less than one year of service, the monetary benefit shall be in proportion to the length of service.
1YR of SERVICE = 1MONTH'S BASIC SALARY
BASIC SALARY (9, 872.54) 9, 872.54 X LENGTH (MONTHS) OF SERVICE