MANILA, Philippines - Workers in Cagayan Valley could expect additional pay next month after the new wage hike in Region 2 becomes effective this week.
The National Wage and Productivity Commission (NWPC) said in a statement yesterday the P10 wage order earlier issued by the Regional Tripartite Wages and Productivity Board (RTWPB)-Region 2 became effective last Thursday.
Citing the increase in the prices of basic commodities, RTWPB-Region 2 approved the new wage hike after it concluded its voluntary consultation early this year.
"The members of the Board unanimously agreed to grant the wage adjustment after considering the continuous increase in prices of basic goods and services in the region," Regional Wage Board Chairman Dir. Sixto Rodriguez Jr. said.
The new wage order also integrated the P15 cost of living allowance (COLA), which was approved by the regional wage board last 2005, to the minimum wage of workers in Region 2.
This brings the minimum wage for workers in Cagayan Valley between P212 to P255.
"With the COLA integration, covered workers will get as much as 11% equivalent increase in the computation of wage-related benefits such as overtime pay, premium pay, night shift differential and 13th month pay, which are all computed based on the basic pay," Rodriguez said.
The new order will cover all minimum wage earning workers in Region 2 except house hold service workers and recognized barangay Micro Business Enterprises.
RTWPB-Region 2 also said establishments, which are seeking to be exempted from minimum wage, may now register at its office.