Showing posts with label Aquino. Show all posts
Showing posts with label Aquino. Show all posts

Tuesday, November 10, 2015

Government Employees to Receive 45% Salary Hike in 2016

2016 is a bright year for the civilian and uniformed employees of the government for they will be receiving a 45% increase of their salary once the law is approved and fully implemented.

PH Currency
President Benigno S. Aquino III endorsed to Congress a proposed bill entitled, “Salary Standardization Law of 2015,” the November 9, Official Gazette said

4 Principles of Salary Increase

DBM Secretary Florencio Abad declared why the government employees shall be given an increase of their salary based on the 4 principles:

1. Fair and reasonable compensation based on fiscal realities;
2. Competitiveness of pay in relation to the private sector;
3. Strengthening the link between pay and performance by enhancing the performance-based incentive system; and
4. Tempering the cost impact of the compensation increase to allow for higher take home pay.

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