How to Compute Salaries, Wages and Benefits Administration

Computing salaries and wages has now become more complicated than ever. It is essential for those tasked with this function to know the correct way so as to avoid labor problems and future liabilities.

• To know the proper way of computing salaries, wages, and benefits.

CONTENT

Government-Mandated Benefits

Institutional

1. Social Security System (SSS)

• Membership
• Contribution Schedule
• Benefits (Loan, Sickness, Disability, Pension)
• Remittance (Contribution & Loans)

2. Health Insurance Corporation

• Membership
• Contribution Schedule
• Hospitalization Claims / Benefits
• Remittance (Contribution)

3. Home Development Mutual Fund

• Membership
• Contribution Schedule
• Benefits (Housing Loan and Multi-Purpose Loan)
• Remittance (Contribution & Loans)

b. Personal/Individual

1. 13th Month Pay

2. Paternity and Maternity Leave

3. Overtime and Premium Pay

4. Service Incentive Leave

5. Withholding tax

II. Company-Initiated Benefits

a. Leaves (e.g., Vacation, Sick, Emergency)
b. Performance-Based Increase
c. Bonuses (Quarterly, Mid-year)
d. Offsetting and Undertime
e. Allowances (e.g, Meal, Transportation, etc.)
f. Loans (e.g. Financial, Car or Housing Loan)

III. Withholding Tax

IV. Application of Wage Distortion

V. Sample Policies

FOR WHOM:

Human Resources Managers, Admin Managers, Senior Managers, Directors, Admin Officers and others who perform related functions.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

1ST BATCH: 18th – 21st June, 2019

2ND BATCH: 26th – 29th November, 2019