Central Visayas minimum wage now P285 per day

[bearish]

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murag as of 2009 paman cguro nga gi tang2x ang withholding tax for employees earning minimum and below.

di jud ni totally exempted sila. beware mga minimum wage earners.

kung ang rate nimo is minimum, exempted "kuno" ka sa tax. intonsis, dili ka kuhaan ug tax kada sweldo.

pananglitan: minimum wage = 267, in one month rough estimate mo earn ka ug 6700 net of deductions from sss,philhealt,pagibig.

in one year, you'll have 80,400. rough estimate lang ni. kung head of the family ka or single, naa kay 50thousand exemption. so 80,400 - 50,000, naa kay taxable income na 30,400.00

base sa tax table, 2,500 plus 15% in excess of 30,000. so mag bayad gihapon ka ug tax inig year end na 2,560.

what if naa kay mga overtimes? mao na ingon ko "beware" kay basin inig year-end ang imo 13th month pay mahurot lang ug bayad sa tax nya.

[james_chaw]

The best gyud tingale ana, there should be a thorough study sa needs sa employee, how much gyud nga salary nga maka-sustain niya within a certain comfort zone, then mao gyud unta e-follow. I believe nga both parties will survive without each other, if we would speak about mutual agreement kinahanglan both parties satisfied gyud unta. Naa man guy uban nag ganahan mo-tukod ug business kay less ang labor cost for me exploitation na siya.

there are basically 2 kinds of employees: married and unmarried. that's why wla gi.hilabtan sa govt. ang wages by giving more sa katong married ug giving less sa katong unmarried. If by law you are married, with children, then you will be taxed differently. That's how the government sees it as fair treatment of differently kinds of people with different needs.

Compensation is adjusted as needed in relation to inflation, cost of living in a particular city/town/province/region.

Of course there is a study of some sort being done. They did not come up with that Php18 figure by guessing it from thin air. They have statistics galore upon which to base their decision. That's why even if married with children ka and minimum wage earner, you get more take home(theoretically and as in practice) because you pay lesser as far as your ITR is concerned. THat's how the government balances it out. Because if mag married and unmarried wages and gobyerno, gubot gyud ni kay tanan tao mag kabuang ug kasal para lang mas dako ang ilang sweldo.

[markee]

very well said... gubot jud

[james_chaw]

i dont think that a 300/day as a minimum salary is a big loss to them. They just dont want to lessen their income that's why they want it as low as possible...
Bsan cgro e declare pa sa government nga P5.00/day ang minimum wage, puerteng suguta sad sa mga company, lipay pa. heheh..

No company would be insane enough to let their employees live on P5.00 a day(or whatever exaggerated amount one might come up)

What that so-called concept of "Php300/day minimum as no big loss to the company" is highly relative. Again, you have to look at it from a myriad of angles

1.) Revenue turnover = How often is the company making a sale
2.) total cost of sale/service = this will make or break your profit margin
3.) Total company expenses(this is where S&W comes in) = The company doesn't only have to deal with S&W. There are dozens of expenses to look at namely: overhead or the cost of maintaining the work area that is suitable to the workers; office supplies; office equipment; and etc.

4.)Net income AFTER taxes = at the end of the day, any company will look at how much they have left after taxes because taxes are also an expense that needs to be paid out.

5.)cost of maintaining income generating units and non-income generating units = This is in relation to overhead. Now in a company there are two type of departments: the ones that make money and the ones that don't. e.g. some departments that make money are sales, marketing(to some degree); some departments that don't make money are audit; R&D; Administration; and a few more. these two kinds of units will always exist in a company. It's a matter of balancing out the income-generating from the non-income generating. an imbalance will cause the company to hemorrhage slowly but surely because nag-ka anam ka dako imung overhead unya imung sales dili na maka apas.

Those are the SIMPLE angles to look at, we have not even elaborated on each specific expense that a company may/may not incur.

Beyond the expenses, there's also forward thinking / long-term aspects of the company to think about:

1.) At this present sales turnover rate, is it really worth all the effort to continue pursuing this business?

2.) acid test ratio: if current liabilities outweigh current assets, then how will be able to pay off our
debts?

3.) Internal Rate of Return = If i am better off putting my money in money market/stock market/deposit investments, why waste my time and effort running a business that won't give me more for my investment?

4.) payback period of ROI = If i invest 1 million but it will take me nearly 10 years to get back my investment, then why can't i just deposit that money and work for another company?

5.) If my company's performance is below industry standards, then how can i improve it to at least be at par or be better than industry standards? where else should I invest in so that we will be just as or more competitive than others? in order to at least stay alive in the industry

6.) What other ventures can I do to augment the company's income?

7.) Towards what direction should my company be heading in order for it to still be profitable and meaningful, and practical?

8.) What are the new regulations on taxes and labor that my company must comply and/or invest in.(sometimes new regulations require buying new hardware/software/etc.)

9.) How can I maintain a satisfied/self-actualized employee to continue serving the company for the foreseeable future.

10.) How can I augment the company's investments without resorting to jeopardizing moves/decisions?

and so on.

[james_chaw]

in one year, you'll have 80,400. rough estimate lang ni. kung head of the family ka or single, naa kay 50thousand exemption. so 80,400 - 50,000, naa kay taxable income na 30,400.00
base sa tax table, 2,500 plus 15% in excess of 30,000. so mag bayad gihapon ka ug tax inig year end na 2,560.
what if naa kay mga overtimes? mao na ingon ko "beware" kay basin inig year-end ang imo 13th month pay mahurot lang ug bayad sa tax nya.

Php2,560.00 is 3.18% of your YEARLY income. Yes, daghan na au magasto sa Php2,560.00 labi na sa kanang na anad buhi ug minimum wage. pero we all have to pay taxes, otherwise we will not have public services like roads/infrastructure, police protection from local threats, military protection from foreign and domestic threats, free representation in a court of law should you need one and cannot afford a councilor, FREE ELECTIONS, barangay/town/city/provincial/regional/national representation in congress and be able to count of them to solve our problems(however slow they may be). lump sum bayad na na atong mga buwis kaysa gusto ka kada service of the government nga imong i.avail bayad paka....

[cobraKing]

18 ra daiy dli man ta mka palit ug humba na 1 ka hiwa ani?..mongos balig 5 din pancit 5 ug rice 5..din saging 3..mao rman ang budget ani..heheheheh


atleast naay gmay saka sa sweldo..

[Tirong-say]

there are basically 2 kinds of employees: married and unmarried. that's why wla gi.hilabtan sa govt. ang wages by giving more sa katong married ug giving less sa katong unmarried. If by law you are married, with children, then you will be taxed differently. That's how the government sees it as fair treatment of differently kinds of people with different needs.

Compensation is adjusted as needed in relation to inflation, cost of living in a particular city/town/province/region.

Of course there is a study of some sort being done. They did not come up with that Php18 figure by guessing it from thin air. They have statistics galore upon which to base their decision. That's why even if married with children ka and minimum wage earner, you get more take home(theoretically and as in practice) because you pay lesser as far as your ITR is concerned. THat's how the government balances it out. Because if mag married and unmarried wages and gobyerno, gubot gyud ni kay tanan tao mag kabuang ug kasal para lang mas dako ang ilang sweldo.

Yup agree, pero ang pangutana diha paigo ba, maka-sustain kaha let us say, food, clothing, shelter ug education, gamay ra kaayo na ang 18 pesos. Tingale mao ra puy gitugot sa mga businessmen, uyon na lang pud ang gobiyerno nato.

[layco]

Maypa lang walai inkres sa sweldo wahahahaa kay segi man bagulbol, ug inkresan kay bagobul gihapon, ug wala poi inkres kay mag bagulbol napud.. nga muna gani sa ginhawa ug panikas anang uban negusyante nga poyra sa maayo.. muna sa ginhawa man gani ug papirma sa duha(2)ka Voucher, diin ang isa(1) kay Original then ang Isa kay Yellow pad/ordinaryong papil.. para ug mangutana ang taga DOLE, naa sila Kintahai tinoud nga Sweldo ilaha gihatag sa ilaha mga tawo, tapos.. sayon-sayonon nalang nato ug pangayo ang inkres.. nga ang uban pa gani nila kay Mangawat pa gani ug sweldo sa ilaha mga tawo ug uban nila tinda kay ilaha mangani pajud daginoton ug magic-magicon... ug ang kilohan kay dili pa jud insakto, Wahahhaaa then mangayo na hinoon mo ug dagku nga inkres... waheheheee wai apil ang maayo,tarong ug ligdong nga negusyante aning akong Kumento hap! ehheee PEACE.... ehehee

[yumi_0379]

swerte na lng ang makdawat ani nga sweldo nga 285/day. ang uban company wa jud mg follow ani tawn. tsk tsk tsk .....naa gani mosweldo ug 150 pero tungod sa kawad on musugot na lng bahalag gamay. paita kinabuhia jud.

[Charge Agent]

gamaya ra gud.. pero cge nalang kysa wla.