January 19, 2018: *** The local economy of Tagbilaran City was infused with almost P5-B in 2017. New business went up from 602 to 1,017 which amounts to an almost P1.2-B worth of capitalization or a 160% increase from last year, while business renewals also went up from 4231 to 4693 which posted gross receipts amounting to almost P3.4-B or a 21% from 2016. ***Gov. Edgar Chatto turns over today the P1.9-M first tranche of the P9.8-M assistance to the Bohol Dairy Producers Association for the Bohol Dairy Milk Processing and Marketing Enterprise as Bohol is poised to be the Dairy Capital of the country.

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Monday, January 19, 2015

TAGBILARAN CITY, Bohol, January 14, (PIA) –A daily wage earner may not get all the P310 minimum daily wage, if he is getting employment perks which employers may put a corresponding value, according to the labor agency. 

This as some employers may have struck a bargain with employees for the provision of non-cash benefits, which can be valued to cope up with the mandatory minimum wage, Department of Labor and Employment (DOLE) Officer in Charge Gerry Guidaben said. 

Non-cash benefits, or sometimes understood as company perks resemble free board and lodging expenses, transportation, and commodity provisions, which may be incorporated in the agreement which employers and workers agree on before the start of work. 

An employer may have to offer board and lodging and other perks as non-cash incentives to workers as may be provided by law. 

For giving non-cash fringe benefits, an employer may consider its as aprt of the wage package and could be computed in favor of him, but it has to be in consultation with a DOLE assessment team who will have to see the claimed benefit themselves. 
Non cash benefits include food and refreshments, transportation privileges, and other benefits not included in the collective bargaining agreement which an employer-employee may have to agree to. 

This too as the Department of Labor and Employment (DOLE) implements the P310 minimum daily wage for workers in the private sector effective December 14.

Exempted from compliance, according to DOLE are businesses which avail of the Barangay Micro Business Enterprises package and those employers who ask the DOLE for exemption, according to Guidaben. (RAC/PIABohol)

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