The Regional Tripartite Wages and Productivity Board in Western Visayas (RTWPB-6) will start the public hearings on the petition for PHP50 to PHP60 daily minimum
wage increase in Western Visayas next month.
This increase is largely a result of the average
wage increase in the following sectors: transport and storage (10.0 percent), construction (7.4 percent) and healthcare and social protection (7.2 percent).
The reason for tripartite consultations and regional wage-setting, however, is to ensure that any
wage increase can be implemented.
Asked if employers could possibly pull out if the
wage increase should be allowed, Bello said employers were represented in the Regional Tripartite Wages and Productivity Board where consultations regarding
wage increases are held.
The new agreement contains significant
wage increases, including a 15 percent
wage increase that went into effect upon the date of ratification, an overall
wage increase of 29 percent over the lifetime of the agreement and a USD 3,000 signing bonus.
The minimum
wage increase in Azerbaijan will cover 40 percent of hired employees and 25 percent of those working in state-financed fields, Abulfat Maharramov, director of the labor policy department of the Azerbaijani Ministry of Labor and Social Protection, told reporters in Baku on Feb.
In Eastern Europe, real wages are forecast to rise by 2 per cent, higher than last year's 1.4 per cent, while in Western Europe, inflation-adjusted real
wage increase will be approximately 0.7 per cent, down from the predicted 0.9 per cent last year.
Unlike a basic
wage increase, Cola is not used in the computation for 13th-month pay, night-shift differential, overtime pay and retirement benefits, making it less costly for employers.
The government is ready to continue in negotiations over the minimum
wage increase in the future.For the first time in Slovakia's history, the minimum wage is set to exceed euro500.
Bernstein analyst Brandon Fletcher notes that Amazon has announced a company-wide minimum
wage increase to $15/hour effective at the beginning of November.
18 that the planned minimum
wage increase should not affect the profits of businesses, reported CNA.
wage increase - the amount a salary is increased; "he got a 3% raise"; "he got a wage hike"