Connect with us

Hi, what are you looking for?

Economy

Regional wage boards cleared to hold hearings via teleconference

REGIONAL WAGE BOARDS have been given the go-ahead to conduct virtual hearings and consultations to adjust the minimum wage in their areas of responsibility, according to the National Wages and Productivity Commission (NWPC).

In a phone interview, NWPC Executive Director Maria Criselda R. Sy said before the pandemic, wage hearings were limited to face-to-face meetings.

“The guidelines will accommodate the multiplatform… this will now allow multiple platforms for consultations,” she said, subject to “the discretion of the (regional wage) board.”

The NWPC released the new guidelines for wage setting via a notice published in a newspaper Monday.

In NWPC Guidelines No. 3, Series of 2020, the NWPC said, “The Commission and the Boards shall endeavor to meet physically in all its meetings. However, when there is an urgent matter to be addressed and where a physical or face-to-face meeting is not feasible for some or all members, a quorum may be constituted through the use of tele/videoconferencing technology.”

The guidelines will take effect after 15 days. Ms. Sy said while they are not yet in effect, no regional wage boards have found it possible to convene due to the restrictions on public gatherings.

By law, a regional wage board can only issue a new wage order after at least one year since the issuance of the last order. A new order requires consultations with both the labor and management representatives.

Private sector establishments may seek an exemption from paying their workers updated minimum wages if they employ less than 10 workers and/or their businesses were affected by calamities. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE BANGKO SENTRAL ng Pilipinas (BSP) sees the country posting a wider balance of payments (BoP) deficit this year as the global outlook remains...

Investing

HMRC’s new penalty regime for late filing and late payments of VAT will be fairer but more complex with interest being charged on all...

Economy

Economic managers said they “strongly support” the creation of the Maharlika Wealth Fund (MWF), after lawmakers agreed to remove a provision in the bill...

Investing

If you’ve been waiting ages for an online order to arrive, you’re not alone. Companies including ASOS, H&M and JD Sports have been getting...

Investing

Ulster University economists expect the Northern Ireland economy to shrink next year, followed by a weak recovery in 2024. The Ulster University Economic Policy...

Investing

The number of people working in programming and computer consultancy has risen by more than 250,000 workers over the past decade, according to Census...

You May Also Like

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.