Wage earners get P10 boost in Cola
Subscribe Now April 26, 2012 at 08:10am
This includes a basic of pay of P286 and the Cola of P15.
Meanwhile, workers from retail/service sector, employing not more than 10 workers will have P270 minimum wage, consisting of P255 basic wage and a Cola.
Also, the new minimum wage for agricultural sector will be P291, comprising of P276 basic wage and P15 Cola.
Just this January, Dole granted the P5 a day Cola for all wage earners. With the additional P10, the Cola will be P15 starting on Labor Day.
In a press conference Wednesday, Dole Regional Director Joffrey Suyao said before they decided to implement an increase, they made an assessment based on the regional poverty threshold conducted by the National Economic and Development Authority (Neda).
"Families earning below P82,000 a year are considered as poor," Suyao said.
Also, Suyao said that based on the survey conducted by the National Statistics Office (NSO) as of January this year, Davao Region posted a 93.8 percent employment rate, 6.2 percent unemployment rate, and 15.1 percent underemployment rate.
However, Davao Region is said to be the second to the last in terms employment rate, being on the 5th rank.
Suyao said the Autonomous Region for Muslim Mindanao (Armm) had 97.7 percent employment rate, followed by Zamboanga Peninsula with 96.6 percent, Soccsksargen with 96 percent, Northern Mindanao with 95.7 percent, and Caraga with 93.6 percent.
The official said they only considered minimum wage earners this time because they are those who are most vulnerable to the increase of basic commodities.
The labor department here has not yet received any petition to increase the basic wage.
On the other hand, Dole Davao is also hopeful that it will be able to surpass the 15 percent target for on-the-spot hiring of applicants during the two-day Job Fair at Gaisano Mall. The same fair will be held at the SM City Davao on May 1.
As of Wednesday, Dole recorded a total of 21,727 job vacancies, of which 6,793 are from local companies and 14,934 are overseas.
Based on the agency's records for local hiring, the Business Process Outsourcing (BPO) companies have the most number of job vacancies with a total of 3,340 jobs so far, followed by service crew and engineering, each with 119 vacancies.
For overseas, there are a total of 4,583 for household service workers, followed by construction/manufacturing industry with 3548, service crew with 2,131, and sales and marketing with 160 vacancies.
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