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A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
Thirteenth month pay According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year.
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
Net average monthly salary. The countries and territories have a net average monthly salary of: Green. above $2,000. Blue. $1,000 to $1,999. Orange. $500 to $999. Red.
2021. Ecuador. US$ 498 per month (for month average, including proportional 13th and 14th salaries and minimal 15 days vacation period). The minimum wage has been set by the government at $450, per month without social benefits for 2023, but a worker also receives mandatory 13th and 14th salaries.
180,000 USD ( President) [162] 121,500 USD ( Premier) [162] The following state/government controls its territory, but is not recognized by any UN member states. State/Government. Also claimed by. Head of state (USD) Head of government (USD) Transnistria.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
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