bsba hrdm comp&ben

1. Compensation and Benefits
Compensation and benefits refer
to the rewards an organization
provides to its employees in
exchange for their labor.

2. What is
compensation and
benefits?

3. Compensation and Benefits

4. Types of compensation
1. Direct compensation
• Base pay
• Overtime pay
2. Variable compensation
3. Sales compensation
4. Indirect compensation
oEquity

5. Compensation and Benefits

6. Types of benefits
• Benefits at work
• Benefits for health
• Benefits for financial security
• Lifestyle benefits

7. Compensation and Benefits

8. Compensation and Benefits

9. Why is it Important?
Creating the right
compensation and benefits
package for each role in
your organization matters
for example attracting
talents.

10. Compensation and Benefits

11. Laws on compensation
and benefits
Labor Code Law of the Philippines Art. 184.
Government guarantee.
The Republic of the Philippines guarantees the benefits
prescribed under this Title, and accepts general
responsibility for the solvency of the State Insurance
Fund. In case of any deficiency, the same shall be
covered by supplemental appropriations from the
national government.

12. Art. 87. Overtime work. Work may be performed
beyond eight (8) hours a day provided that the
employee is paid for the overtime work, an additional
compensation equivalent to his regular wage plus at
least twenty-five percent (25%) thereof. Work performed
beyond eight hours on a holiday or rest day shall be
paid an additional compensation equivalent to the rate
of the first eight hours on a holiday or rest day plus at
least thirty percent (30%) thereof.
Art. 93. Compensation for rest day, Sunday or
holiday work.
Art. 94. Right to holiday pay.

13. Art. 95. Right to service incentive leave.
a. Every employee who has rendered at least one year of
service shall be entitled to a yearly service incentive leave of
five days with pay.
b. This provision shall not apply to those who are already
enjoying the benefit herein provided, those enjoying vacation
leave with pay of at least five days and those employed in
establishments regularly employing less than ten employees or
in establishments exempted from granting this benefit by the
Secretary of Labor and Employment after considering the
viability or financial condition of such establishment.
c. The grant of benefit in excess of that provided herein shall not
be made a subject of arbitration or any court or administrative
action.
Art. 94. Right to holiday pay.
Art. 93. Compensation for rest day, Sunday or holiday work.

15. REFERENCES
https://www.aihr.com/blog/compensation-and-
benefits/?fbclid=IwAR0Fp24VPDYQBYY_CvdlhqE3EkMaZk3IwjwC5ABVtmC67kePdW5ILI56u5A#What
https://www.amslaw.ph/philippine-laws/labor-law/labor-code-law-of-the-philippines-
(4)?fbclid=IwAR3H_-qzxQZQxW4AHAmM450VcFuZMLcVadNpWkpyQ0flJ6Ji9oXxCJLh2sg