From BigGo Finance · BigGo Finance · · 1m
Calabarzon Wage Hike for 1.56 Million Workers
Calabarzon approves up to P45 daily wage hike for 1.56 million workers starting Oct 26.
In brief
Calabarzon approves up to P45 daily wage hike for 1.56 million workers starting Oct 26. Calabarzon region's minimum wage earners will receive up to P45 daily pay increase effective Oct 26, benefiting 1.56 million workers. Originally reported by BigGo Finance.
Calabarzon Wage Hike
Calabarzon approves up to p45 daily wage hike for 1.56 million workers starting oct 26.
Wage Order No IVA-23
Wage order no iv a-23 pegs maximum daily increase at p45 translating to p1170 monthly earnings.
Tiered Implementation
Actual amounts vary by industry sector and municipality classification with tiered rates based on regional economic conditions.
Labor Secretary Tolentino
Labor secretary francis tolentino said department will monitor employer compliance with new wage order.
Inflation Context
Inflation accelerated to 7.2% in september with rice inflation reaching 20.3% and poor households at 9%.
Regional Trend
Calabarzon follows similar increases in central visayas and metro manila with p42 and p60 daily hikes effective oct 14 and sept 26.
The short version
Calabarzon region's minimum wage earners will receive up to P45 daily pay increase effective Oct 26, benefiting 1.56 million workers.
