Central Visayas minimum wage now P285 per day

[james_chaw]

Yup agree, pero ang pangutana diha paigo ba, maka-sustain kaha let us say, food, clothing, shelter ug education, gamay ra kaayo na ang 18 pesos. Tingale mao ra puy gitugot sa mga businessmen, uyon na lang pud ang gobiyerno nato.

A management representative of the RTWPB-7 once told me that labor tends to confuse minimum wage and cost of living wage. They are entirely two different things which labor tends to confuse all the time.

The Minimum wage is the benchmark to which companies should not go under. Hence, it is now up to the company to adjust the standard of living of their by giving them appropriate increases in pay now that they have a starting point salary figure.

Yes, naay mu-violate. Naa man gyuy mu-violate sa law, kung ang uban politico mu-engage in such, how much more the private citizen?

Naturally, NOT ALL businesses can pay their employees the cost of living wage. That's why there's a minimum to which the government mandates all businesses to abide by. Mao nang gamit anang Minimum Wage. Some businesses can afford to pay their employees well enough nga hapit na gyud nila ma-abtan ang cost of living wage.

hypothetically if the cost of living wage is Php600/day, using the standards enforced by the government, that would approximately be Php18,250.

If YOU were the business owner, running a convenient store, would you pay your employees that much as ENTRY level after regularization? do you think you'd BOTHER to continue running that business knowing that a good 2/3 thirds of your expense is already in S&W?

[GuyOfYourDreams]

No company would be insane enough to let their employees live on P5.00 a day(or whatever exaggerated amount one might come up)

What that so-called concept of "Php300/day minimum as no big loss to the company" is highly relative. Again, you have to look at it from a myriad of angles

1.) Revenue turnover = How often is the company making a sale
2.) total cost of sale/service = this will make or break your profit margin
3.) Total company expenses(this is where S&W comes in) = The company doesn't only have to deal with S&W. There are dozens of expenses to look at namely: overhead or the cost of maintaining the work area that is suitable to the workers; office supplies; office equipment; and etc.

4.)Net income AFTER taxes = at the end of the day, any company will look at how much they have left after taxes because taxes are also an expense that needs to be paid out.

5.)cost of maintaining income generating units and non-income generating units = This is in relation to overhead. Now in a company there are two type of departments: the ones that make money and the ones that don't. e.g. some departments that make money are sales, marketing(to some degree); some departments that don't make money are audit; R&D; Administration; and a few more. these two kinds of units will always exist in a company. It's a matter of balancing out the income-generating from the non-income generating. an imbalance will cause the company to hemorrhage slowly but surely because nag-ka anam ka dako imung overhead unya imung sales dili na maka apas.

Those are the SIMPLE angles to look at, we have not even elaborated on each specific expense that a company may/may not incur.

Beyond the expenses, there's also forward thinking / long-term aspects of the company to think about:

1.) At this present sales turnover rate, is it really worth all the effort to continue pursuing this business?

2.) acid test ratio: if current liabilities outweigh current assets, then how will be able to pay off our
debts?

3.) Internal Rate of Return = If i am better off putting my money in money market/stock market/deposit investments, why waste my time and effort running a business that won't give me more for my investment?

4.) payback period of ROI = If i invest 1 million but it will take me nearly 10 years to get back my investment, then why can't i just deposit that money and work for another company?

5.) If my company's performance is below industry standards, then how can i improve it to at least be at par or be better than industry standards? where else should I invest in so that we will be just as or more competitive than others? in order to at least stay alive in the industry

6.) What other ventures can I do to augment the company's income?

7.) Towards what direction should my company be heading in order for it to still be profitable and meaningful, and practical?

8.) What are the new regulations on taxes and labor that my company must comply and/or invest in.(sometimes new regulations require buying new hardware/software/etc.)

9.) How can I maintain a satisfied/self-actualized employee to continue serving the company for the foreseeable future.

10.) How can I augment the company's investments without resorting to jeopardizing moves/decisions?

and so on.

What if there is? u dont know all the companies in the world.. admit it or not.. Company owners think of themselves first before they think of their employees..
Companies can do nothing if the law insists higher salary for employees.
If a company thinks that the salary is too high and yet the law insists it. THen close. Thats it.
Or they dont have to hire many employees they could'nt pay enough, instead hire few and pay exact. (I mean IF the government commands a higher pay, eg: P300/day)

[james_chaw]

What if there is? u dont know all the companies in the world..->nor have I claimed to know
"all the companies in the world"
Companies can do nothing if the law insists higher salary for employees.
If a company thinks that the salary is too high and yet the law insists it. THen close. Thats it.-> close down. lose THEIR means of livelihood. That kind of absolutism attitude is what will get people into trouble sometimes. that's why there's mediation before bringing a case up to the courts

by the way, let's stick to PHILIPPINE setting, specifically Cebu City because that's what we're debating about.


if there is such a company that is crazy enough to pay it's minimum wagers Php5/day, then two things come to mind. 1: the company is risking itself to be reprimanded and punished by the govt and 2: the person who accepted that low wage is stupid for doing so.

If the pay is too low, regardless of how in need that person is, he/she would look for other work opportunities to sustain him/herself and/or the family before taking it as a last resort. also, he/she would really encourage his/her wife/husband to help out and work because the income coming in is not enough.

There are plenty of ways to augment the family's income and reduce the family's expenses. These tasks are even MORE easy to achieve when it is only YOURSELF that is being supported.

Once again, it's about making the tough decisions to sacrifice what one cannot afford right now. I'm sure a minimum wager can afford a bed/room(shelter), food, and daily commute via Jeepney. NO extra expenses lang gyud...such as vices, fancy phone, fancy clothes and so on.

The problem man gud today is that people have lost sight of the one virtue that countless generations before us have instilled and practiced for centuries: Sacrifice. Self Sacrifice.

Also, when in need, one can be very creative. mao gyud na akong masulti.

[salbahis]

naa lang koy nabantayan sa pinoy.... dili jud mawala ang bisyo usahay ang bisyo nahimo nang necessity... tsk100x

[james_chaw]

naa lang koy nabantayan sa pinoy.... dili jud mawala ang bisyo usahay ang bisyo nahimo nang necessity... tsk100x

unSAON taman na run....naa naman gyud sa dugo.....

[Tirong-say]

A management representative of the RTWPB-7 once told me that labor tends to confuse minimum wage and cost of living wage. They are entirely two different things which labor tends to confuse all the time.

The Minimum wage is the benchmark to which companies should not go under. Hence, it is now up to the company to adjust the standard of living of their by giving them appropriate increases in pay now that they have a starting point salary figure.

Yes, naay mu-violate. Naa man gyuy mu-violate sa law, kung ang uban politico mu-engage in such, how much more the private citizen?

Naturally, not ALL businesses can NOT pay their employees the cost of living wage. That's why there's a minimum to which the government mandates all businesses to abide by. Mao nang gamit anang Minimum Wage. Some businesses can afford to pay their employees well enough nga hapit na gyud nila ma-abtan ang cost of living wage.

hypothetically if the cost of living wage is Php600/day, using the standards enforced by the government, that would approximately be Php18,250.

If YOU were the business owner, running a convenient store, would you pay your employees that much as ENTRY level after regularization? do you think you'd BOTHER to continue running that business knowing that a good 2/3 thirds of your expense is already in S&W?

Okay bro I understand, then I wish to ask, unsa man gyuy basehan kung naay increase sa suweldo?, across the board man na siya no, government ang mo-decide ana o ang business sector.

[james_chaw]

Okay bro I understand, then I wish to ask, unsa man gyuy basehan kung naay increase sa suweldo?, across the board man na siya no, government ang mo-decide ana o ang business sector.

It's all in the negotiations. Labor wants an increase, they state their case. Government provides relevant data that both parties can use to their advantage. Labor dictates how much they want, management bargains. In the end, naa ra gyud na sa amicable terms. that's why the last increase we saw was what...late 2008 or early 2009. then karon napud. although karon, dili across the board, Minimum wage kutob. just like haggling for the price

[peewee_toot]

unSAON taman na run....naa naman gyud sa dugo.....

i dont think so. we have a choice...

[james_chaw]

i dont think so. we have a choice...

of course we have a choice. but it takes dedication, perseverance, initiative,discipline, and most of all, CONVICTION to change our bad attitudes/habits.

[GuyOfYourDreams]

by the way, let's stick to PHILIPPINE setting, specifically Cebu City because that's what we're debating about.


if there is such a company that is crazy enough to pay it's minimum wagers Php5/day, then two things come to mind. 1: the company is risking itself to be reprimanded and punished by the govt and 2: the person who accepted that low wage is stupid for doing so.

If the pay is too low, regardless of how in need that person is, he/she would look for other work opportunities to sustain him/herself and/or the family before taking it as a last resort. also, he/she would really encourage his/her wife/husband to help out and work because the income coming in is not enough.

There are plenty of ways to augment the family's income and reduce the family's expenses. These tasks are even MORE easy to achieve when it is only YOURSELF that is being supported.

Once again, it's about making the tough decisions to sacrifice what one cannot afford right now. I'm sure a minimum wager can afford a bed/room(shelter), food, and daily commute via Jeepney. NO extra expenses lang gyud...such as vices, fancy phone, fancy clothes and so on.

The problem man gud today is that people have lost sight of the one virtue that countless generations before us have instilled and practiced for centuries: Sacrifice. Self Sacrifice.

Also, when in need, one can be very creative. mao gyud na akong masulti.

About the P5.00/day, i just exaggerated the fact that the lower the minimum wage the happier the company will be (when it comes to income alone). Of course they can earn or save more from their expenses. In fact, even until now there are still companies who are just giving their employees below the minimum wage. Taking advantage to the lack of knowledge of a particular employee or employees maybe. Or some issues that could make an employee stay even for a low pay..
Ive noticed that your kinda good at these things.. do you own a company? or just small business or in relation to those.?