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
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.