Businessmen welcome ARMM’s DOLE-RTWPB P18 wage hike for 2014

February 14,2014

 

COTABATO CITY, Feb 14, (PIA)—The new P18 wage hike set by the Department of Labor and Employment and Regional Tripartite Wages and Productivity Board (DOLE-RTWPB) in the Autonomous Region in Muslim Mindanao (ARMM) gets the nod of the local businessmen.

 

ARMM’s DOLE-RTWPB, following a series of consultation with business establishments in December last year, has approved the daily wage hike of P18 thereby increasing the minimum wage for private sector workers in the region to P250 from P232, according to DOLE ARMM Regional Secretary and RTWPB chairman Muslimin Jakilan.

 

For the business community, this development poses sacrifice on the part of business operators but  has  acknowledged and considered the new wage order as a “win-win solution.”

 

ARMM Business Council president Haron Bandila said while this entails a sacrifice on the part of businessmen employers, he admits it is just right and timely to increase the income of daily wage earners considering the noted  price hike of basic commodities and oil products.

 

Bandila expressed willingness and readiness of the private employers to comply with the P18 new daily wage upon receipt of the IRR from the DOLE-RTWPB.

  

“ We also have to look into the living condition of the buying community and our employees for them to be able to cope up with the needs of their families especially with the education of their children.  The increase is  just right because DOLE has  also  considered the capacity and situations of  the establishments,” Bandila said.. 

     

Bandila admits that the P250 daily minimum wage is not enough for workers with several children to support and the P18 wage hike was reached taking into consideration the capacity of employers and comparative wages from other regions and the current wage fixing system under RA 6727 otherwise known as the Wage Rationalization Act, as explained by Secretary Jakilan.

 

DOLE-RTWPB  chair Jakilan said, the new wage hike will be implemented pending the endorsement of its Implementing Rules and Regulations (IRR) by the regional government.

 

As this developed, consideration may be given to establishments and companies that are on risk of closure, those that regularly employ not more than 10 workers, new business enterprise and those affected by natural calamities, RTWPB chair said. (PBChangco/PIA Cotabato City).   

 

 

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