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S09E15 - Philippine Labor 2024, Understanding Bonuses, Allowances, COLA, De Minimis Benefits and Deductions
Manage episode 444256530 series 3069121
In this video, we’ll break down the key aspects of Philippine labor law for 2024, focusing on bonuses, allowances, benefits, and tax deductions. We’ll dive into important topics like the 13th-month pay, Cost of Living Allowance (COLA), and de minimis benefits, including their thresholds and how they impact your salary. Whether you’re an employee seeking to understand your rights or an employer ensuring compliance with labor law, this video has got you covered.
Learn about:
• What is the 13th-month pay in the Philippines?
• How does COLA affect your salary?
• What are de minimis benefits and their 2024 limits?
• How to handle mandatory government contributions like SSS, PhilHealth, and Pag-IBIG
• Philippine labor law guidelines for employee deductions and benefits
If you find this video helpful, make sure to like, subscribe, and hit the notification bell to stay updated on business and labor law topics in the Philippines!
#PhilippineLaborLaw #BonusesAndAllowances #EmployeeBenefits #DeMinimisBenefits #COLA #LaborLaw2024 #PhilippineLaborLaw2024 #EmployeeRightsPH #BusinessPH #PhilippineTaxDeductions #PhilippineEmployeeBenefits
110 episoder
Manage episode 444256530 series 3069121
In this video, we’ll break down the key aspects of Philippine labor law for 2024, focusing on bonuses, allowances, benefits, and tax deductions. We’ll dive into important topics like the 13th-month pay, Cost of Living Allowance (COLA), and de minimis benefits, including their thresholds and how they impact your salary. Whether you’re an employee seeking to understand your rights or an employer ensuring compliance with labor law, this video has got you covered.
Learn about:
• What is the 13th-month pay in the Philippines?
• How does COLA affect your salary?
• What are de minimis benefits and their 2024 limits?
• How to handle mandatory government contributions like SSS, PhilHealth, and Pag-IBIG
• Philippine labor law guidelines for employee deductions and benefits
If you find this video helpful, make sure to like, subscribe, and hit the notification bell to stay updated on business and labor law topics in the Philippines!
#PhilippineLaborLaw #BonusesAndAllowances #EmployeeBenefits #DeMinimisBenefits #COLA #LaborLaw2024 #PhilippineLaborLaw2024 #EmployeeRightsPH #BusinessPH #PhilippineTaxDeductions #PhilippineEmployeeBenefits
110 episoder
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