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Writer's pictureBy The Financial District

President Marcos Jr. Urges Review And Adjustment Of Workers' Pay

On Labor Day, President Ferdinand Marcos Jr. issued a directive to government wage bodies, instructing them to promptly review and adjust the wages of workers across the country.


President Marcos's directive and government initiatives underscore a commitment to addressing the challenges faced by workers and promoting economic recovery and stability. I Photo: E. Tuyay, International Labour Organization Flickr



He emphasized the need to consider the impact of inflation on the labor sector.


The Regional Tripartite Wage and Productivity Boards were tasked with initiating a timely review of minimum wage rates within 60 days before the anniversary of their latest wage order.



Additionally, President Marcos urged the National Wages and Productivity Commission to review its rules to ensure a regular and predictable schedule of wage reviews, issuance, and effectivity, aiming to reduce uncertainty and enhance fairness for all stakeholders.


The President highlighted that such reviews and adjustments could help mitigate the impact of rising prices of basic goods on workers.



He also called on Congress to pass laws supporting the jobs creation agenda, including initiatives such as the Enterprise-based Education and Training Program law, the Revised Apprenticeship Program Act, and the CREATE MORE law focused on Corporate Recovery and Tax Incentives for Enterprises.


President Marcos underscored the importance of Republic Act No. 11962, or the Trabaho Para sa Bayan Act, which aims to address unemployment and underemployment.



Furthermore, he mentioned the approval of implementing rules and regulations for this law by relevant government agencies.


To alleviate the effects of inflation, the government has provided emergency employment to millions of beneficiaries through programs like Tulong Pangkabuhayan sa Disadvantaged/Displaced Workers (TUPAD).



Additionally, various livelihood programs, including reskilling and upskilling initiatives under the Technical Education and Skills Development Program (TESDA), have been implemented to enhance employability.


With a focus on job security, the Department of Labor and Employment (DOLE) has allocated a significant budget for programs aimed at increasing employability in the Fiscal Year 2024.



President Marcos's directive and government initiatives underscore a commitment to addressing the challenges faced by workers and promoting economic recovery and stability.




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