Unwrapping Your Christmas Bonus: How to Calculate Your 13th Month Pay in the Philippines
The 13th month pay for Filipino employees is like receiving a welcome holiday gift—a bit more income at year’s end. How exactly, though, do you figure your estimated pay-off? This thorough guide will help you to calculate your 13th month salary. Know the Essentials: Value of Your Base Salary Unlike a performance-based bonus, the 13th month pay is a legal …