Orientation and Placement

Orientation is designed to provide new employees with the information needed to function
comfortably and effectively in the organization. The new employees must be informed of the
company background, existing policies or procedures and other job-related information. Thus
it helps them to reduce anxiety of new employees and to adjust their new environment. On
the other hand, placement is designed as the allocation of right employees to the job.
Hence, it helps to improve the employees morale.
Training and Development
Training and development aims to increase employees ability to contribute to organizational
effectiveness. Training is designed to improve skills in the present job while development
programs are designed to prepare employee for promotion. It increases job satisfaction and
morale among employees. Training and development also increases the efficiency process
that will result to financial gain.
Compensation
Vector
The Labor Code of the Philippines, Book III- Conditions of Employment states that:

Art. 83. Normal hours of work. The normal hours of work of any employee shall
not exceed eight (8) hours a day.

Art. 84. Hours worked. Hours worked shall include (a) all time during which an
employee is required to be on duty or to be at a prescribed workplace; and (b) all
time during which an employee is suffered or permitted to work. Rest periods of short
duration during working hours shall be counted as hours worked.

Art. 85. Meal periods. Subject to such regulations as the Secretary of Labor may
prescribe, it shall be the duty of every employer to give his employees not less than
sixty (60) minutes time-off for their regular meals.

Art. 86. Night shift differential. Every employee shall be paid a night shift
differential of not less than ten percent (10%) of his regular wage for each hour of
work performed between ten oclock in the evening and six oclock in the morning.

Art. 87. Overtime work. Work may be performed beyond eight (8) hours a day
provided the employee is paid for the overtime work, an additional compensation
equivalent to his regular wage plus at least twenty-five percent (25%) thereof. Work
performed beyond eight hours on a holiday or rest day shall be paid an additional

compensation equivalent to the rate of the first eight hours on a holiday or rest day
plus at least thirty percent (30%) thereof.

Art. 88. Undertime not offset by overtime. Under time work on any particular
day shall not be offset by overtime work on any other day. Permission given to the
employee to go on leave on some other day of the week shall not exempt the
employer from paying the additional compensation.

Statutory Monetary Benefits

Holiday Pay (Article 94) - refers to the payment of the regular daily wage for any unworked
regular holiday.
As provided for under EO 203 (incorporated in EO 292) amended by RA 9177:

REGULAR HOLIDAYS
DATE
New Year's Day
January 1
Maundy Thursday
Movable Date
Good Friday
Movable Date
As
Araw ng Kagitingan
April 9
Labor Day
May 1
Independence Day
June 12
National Heroes Day
Last Sunday of August
Bonifacio Day
November 30
EidulFitr
Movable Date
Christmas Day
December 25
Rizal Day
December 30
provided for under EO 203 (incorporated in EO 292) amended by RA 9177:
For regular holidays the following rules shall apply:
If it is an employee's regular workday

If unworked - 100%

If worked
o

1st 8 hours - 200%

excess of 8 hours - plus 30% of hourly rate on said day

If it is an employee's rest day

If unworked - 100%

If worked

1st 8 hours - plus 30% of 200%

excess of 8 hours - plus 30% of hourly rate on said day

SPECIAL (non-working) DAYS

All Saints Day
Last Day of the Year

1.
For

DATE
November 1
December 31

declared special days such as Special Non-Working Day, Special Public Holiday,
Special National Holiday, in addition to the two (2) nationwide special days
(November 1, All Saints Day and December 31, Last Day of the Year) listed under EO
203, as amended, the following rules shall apply:

If unworked- No pay, unless there is a favorable company policy, practice or

collective bargaining agreement (CBA) granting payment of wages on special
days even if unworked.

If worked
o

1st 8 hours - plus 30% of the daily rate of 100%

excess of 8 hours - plus 30% of hourly rate on said day

Falling on the employee's rest day and if worked

o

1st 8 hours - plus 50% of the daily rate of 100%

excess of 8 hours - plus 30% of hourly rate on said day

2. For those declared as special working holidays, the following rules shall apply:

For work performed, an employee is entitled only to his basic rate. No

premium pay is required since work performed on said days is considered
work on ordinary working days.

Overtime Pay (Article 87) -refers to the additional compensation for work
performed beyond eight (8) hours a day.

Premium Pay (Articles 91-93) - refers to the additional compensation for work
performed within eight (8) hours on non-working days, such as rest days and
special days.

The 13th Month Pay (Presidential Decree No. 851) - the employee shall receive
a bonus salary equivalent to one (1) month, regardless of the nature of his/her
employment, not later than December 24 of every year.

Paternity Leave (RA 8187) -granted to all married male employees. This allows
the husband to lend support to his wife during her period of recovery and/or in
nursing her newborn child.

Maternity Leave (RA 1161, as amended by RA 8282) - applies to all female

employees, whether married or unmarried.

Social Security Systems (SSS) Contributions

National Health Insurance Program (RA 7875, as amended by RA 9241) formerly known as Medicare, is a health insurance program for SSS members
and their dependents whereby the healthy subsidize the sick who may find
themselves in need of financial assistance when they get hospitalized.

Republic Act No. 8282, otherwise known as the Social Security Act of 1997,
refers to the social security system in the Philippines initiated, developed and
promoted by its Government. The social security system is aimed at providing
protection for the SSS member against socially recognized hazard conditions,
such as sickness, disability, maternity, old age and death, or other such
contingencies not stated but resulted in loss of income or results to a financial
burden.

The Home Development Mutual Fund (HDMF) - otherwise known as Pag-IBIG

(Pagtutulungansakinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund is
a mutual provident savings system for private and government employees
and other earning groups, supported by matching mandatory contributions of
their respective employers with housing as the primary investment.

Additional and Other Benefits

Vector Corporation will give reward and incentives to its employees for their
performance and effort to sustain and help building the organization to growth.

The

following benefits will be given as addition to other benefits starting year 4 as the
organization will held its stability and firmness:
a. Clothing Allowance
b. Unused Monetized Vacation Leave