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  2. Labor Code of the Philippines - Wikipedia

    en.wikipedia.org/wiki/Labor_Code_of_the_Philippines

    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. [11] The thirteenth month pay is exempted from being taxed by the government.

  3. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    Weekly — 31.8% — Fifty-two 40-hour pay periods per year and include one 40 hour work week for overtime calculations. Biweekly — 45.7% — Twenty-six 80-hour pay periods per year, consisting of two 40 hour work weeks for overtime calculations. Semi-monthly — 18.0% — Twenty-four pay periods per year with two pay dates per month.

  4. List of Asian countries by average wage - Wikipedia

    en.wikipedia.org/wiki/List_of_Asian_countries_by...

    This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar.

  5. Employee stock option - Wikipedia

    en.wikipedia.org/wiki/Employee_stock_option

    The employee could exercise the option, pay the exercise price and would be issued with ordinary shares in the company. As a result, the employee would experience a direct financial benefit of the difference between the market and the exercise prices. Stock options are also used as golden handcuffs if their value has increased drastically. An ...

  6. Paycheck - Wikipedia

    en.wikipedia.org/wiki/Paycheck

    A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

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