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Compensation Case Study: La Miel Filipina Company

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Compensation While La Miel Filipina is at its pre-operating stage, partners will not receive any compensation. However when operation becomes normal, the business intends to give fixed salaries and wages aside from profit sharing. Any increases or adjustments will just depend on the profitability of the business. See the Table below.

Positions Fixed Monthly Salary
Vice President - Marketing and Advertising Manager ₱ 5,000.00

Vice President – Operations Manager ₱ 5,000.00

President – Financial Manager ₱ 5,000.00

Total ₱ 15,000.00

The general partners of the same level would be handling sensitive positions like the Financial Manager, Marketing/ Advertising Manager and the Operations/ Human Resource Manager. Regular employees would include …show more content…

(n.d.). Schedule of Contributions. Retrieved March 3, 2017, from https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=scheduleofcontribution

PhilHealth Premium Contribution Table
Salary Bracket Salary Range Salary Base Total Monthly Premium Employee Share* Employer Share
1 8,999.99** and below 8,000.00 200.00 100.00 100.00
2 9,000.00 - 9,999.99 9,000.00 225.00 112.50 112.50
3 10,000.00 - 10,999.99 10,000.00 250.00 125.00 125.00
4 11,000.00 - 11,999.99 11,000.00 275.00 137.50 137.50
5 12,000.00 - 12,999.99 12,000.00 300.00 150.00 150.00
6 13,000.00 - 13,999.99 13,000.00 325.00 162.50 162.50
7 14,000.00 - 14,999.99 14,000.00 350.00 175.00 175.00
8 15,000.00 - 15,999.99 15,000.00 375.00 187.50 187.50
9 16,000.00 - 16,999.99 16,000.00 400.00 200.00 200.00
10 17,000.00 - 17,999.99 17,000.00 425.00 212.50 212.50
11 18,000.00 - 18,999.99 18,000.00 450.00 225.00 225.00
12 19,000.00 - 19,999.99 19,000.00 475.00 237.50 237.50
13 20,000.00 - 20,999.99 20,000.00 500.00 250.00 250.00
14 21,000.00 - 21,999.99 21,000.00 525.00 262.50 262.50
15 22,000.00 - 22,999.99 22,000.00 550.00 275.00 …show more content…

**For Kasambahay helper receiving a wage of less than Five Thousand Pesos (P5,000.00) per month, the employer will shoulder both the employee and employer share based on the premium

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