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BENEFITS Birthday Bonus Clothing Allowance Computer Loan Compensatory Time Credits Deployment Incentive Educational Loan Emergency Loan Employee Referral.

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Presentation on theme: "BENEFITS Birthday Bonus Clothing Allowance Computer Loan Compensatory Time Credits Deployment Incentive Educational Loan Emergency Loan Employee Referral."— Presentation transcript:

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3 BENEFITS Birthday Bonus Clothing Allowance Computer Loan Compensatory Time Credits Deployment Incentive Educational Loan Emergency Loan Employee Referral Incentive Program Funeral Benefits

4 Funeral Leave Health Card Benefits Maternity Leave Medicine Subsidy Meal and Transportation Subsidy Night Differential and Midnight Allowance Other Bonuses Paternity Leave Per Diem BENEFITS

5 Retirement Benefits Salary Increases (Merit and Promotion) Sabbatical Leave Sick Leave Study Leave Training for Family Members Transportation Allowance Vacation Leave BENEFITS

6 PAY LEVEL POSITION 1Developer Trainee / QA Trainee / CM Trainee 2Jr. Developer / Jr. QA / SA Trainee / DBA Trainee 3Developer / QA / Jr. SA / Jr. DBA 4Senior Developer / Senior QA / SA / DBA 5Chief Developer / Chief QA / Sr. SA / Sr. DBA 6Assistant Manager / Lead SA / Lead DBA 7Project Manager

7 BIRTHDAY BONUS Persons EligibleDetailsConditions All regular employees who have been in the company for at least one year from date of hire All is entitled to P200.00 Gift Certificate (GC) P1,500.00 – 1 year to less than 3 years P2,000.00 – 3 years to less than 6 years P3,000.00 – 6 years to less than 10 years P4,500.00 – 10 years to less than 15 years P6,000.00 – 15 years to less than 20 years P10,000.00 – 20 years and over Must undergo Annual Physical Exam (APE) on your birth month. You may go on half day leave. Annual Physical Exam (APE) Employee who did not undergo APE during his birth month forfeits his birthday bonus P300.00 P3,000.00 P4,500.00 P6,000.00 P7,500.00

8 CLOTHING ALLOWANCE Persons EligibleDetailsConditions All regular employees who have been regularized for at least a year as of June 30 of the current year P5,000.00 per year Non-taxable It is credited to employee’s payroll account every July 10. An employee resigning or whose services where terminated any day on or before June 30 forfeits his clothing subsidy.*

9 COMPUTER LOAN Persons EligibleDetailsConditions All regular employees with pay levels 3 & up who have rendered at least two (2) years of continuous service. Credit limit is based on the employee’s pay level: P20,000.00 – Pay Level 3 P30,000.00 – Pay Level 4 P40,000.00 – Pay Level 5 P50,000.00 – Pay Level 6 & up It is payable in twenty four (24) pay days at an interest date of ten (10) percent per annum. six (6)

10 COMPENSATORY TIME CREDITS Persons EligibleDetailsConditions All probationary and regular employees occupying pay level 5 On restdays / holidays 1st 4 hours -- 0.75 day > 4 <= 8 hours -- 1.25 days > 8 <= 16 hours -- 1.75 days > 16 <= 24 hours -- 2.25 days No longer entitled to OT Pay. Available CT credits are converted to cash upon promotion or resignation.

11 EDUCATIONAL LOAN Persons EligibleDetailsConditions All employees who have been in continuous service for the company for at least 3 years Loanable amount of P12,000.00 which is payable in 6 months or 12 pay days through salary deduction It may be availed of under the following enrolments: (1) Academic institutions to acquire diploma or gain a degree (2) Review centers to earn professional license and/or to get a certification (4) Training seminars that will add to the CPE credits of a licensed professional. Immediate family shall refer to children and siblings.

12 EMERGENCY LOAN Persons EligibleDetailsConditions All employeesP3,000.00 which is payable in 3 months or 6 pay days through salary deduction It may be availed of under the following circumstances: (1) Hospitalization of employee and/or immediate family member (2) Destruction of employee’s residence from fire or other natural calamities (3) Death of an immediate family member Immediate family shall refer to: Single – parents and siblings Single Parent – children Married – spouse and children* (1) Hospitalization and/or medicine of employee and/or immediate family member

13 EMPLOYEE REFERRAL INCENTIVE Persons EligibleDetailsConditions All employees Only applies to permanent / contractual, with minimum contract duration of three (3) months, technical positions that do not need to undergo trainings When the referred hire has completed at least three (3) months of active service, the referring employee will automatically receive the incentive amounting to P5,000.00, subject to taxes, in his/her payroll bank account Exemption: executive / managerial level, employees in the Human Resources, individuals referring their own direct or indirect reports into their own department, and the hiring supervisor of the open position

14 DEPLOYMENT INCENTIVE Persons EligibleDetailsConditions All regular employees deployed to a project P2,000.00 – Pay Level 2 P3,000.00 – Pay Level 3 P4,000.00 – Pay Level 4 P5,000.00 – Pay Level 5 Will not be entitled to DI when not deployed Will lose DI one month after return to pool. Will not be covered: on Sabbatical, Maternity Leave and LWOP

15 FUNERAL BENEFITS Persons EligibleDetailsConditions All employeesP10,000.00 upon the death of CPI employee P5,000.00 upon the death of CPI employee’s immediate family member Immediate family shall refer to: Single – parents and siblings Married – spouse and children Single Parent – children and parents Married – parents, spouse and children

16 FUNERAL LEAVE Persons EligibleDetailsConditions All regular employees who have rendered at least one (1) year of continuous service 2-day funeral leave can be availed by the employee within two weeks from the date of death of an immediate family member. Immediate family shall refer to: Single – parents and siblings Married – spouse and children Single Parent – children and parents Married – parents, spouse and children

17 HEALTH CARD Persons EligibleDetailsConditions All regular employees (Home-grown) 6 months to 5.99 years of service – only the employee 6 years to 9.99 years of service – 2 dependents 10 years to 14.99 of service – 3 dependents 15 years and above – 4 dependents Immediate family shall refer to: Single – parents, siblings and children* Parents must be below 60 years of age Siblings and children must be below 21 years of age.. 6 months to 2.99 years of service – only the employee 3 years of service – 50% of the membership fee is shouldered by CPI – 1 dependent 4 years of service to 5.99 years of service– 1 dependent 6 years to 9.99 years of service – 2 dependents 10 years to 14.99 of service – 3 dependents 15 years and above – 4 dependents

18 HEALTH CARD Persons EligibleDetailsConditions All regular employees (Pro-Hire) Pay Level 4 – 1 dependent Pay Level 5 – 1 dependent Pay Level 6 – 2 dependents Pay Level 7 – 3 dependents Effective: March 16, 2014 Married – spouse and children If the spouse has already existing HMO, please provide copy of the HMO card.

19 MATERNITY LEAVE Persons EligibleDetailsConditions All regular female employees Must be married, cohabiting with spouse and have rendered an aggregate service of at least two (2) years Entitled to maternity leave with pay, in addition to SSS Maternity Benefit. 45 calendar days Married and for legitimate child only. Up to fourth child

20 MEDICINE SUBSIDY Persons EligibleDetailsConditions All regular employees who have been regularized for at least a year as of August 31 of the current year P1,500.00 per year Non-taxable Credited to the employee’s payroll account every September 10 Employee who is resigning or whose services were terminated any day prior to August 31 forfeits his medicine subsidy.

21 MEAL AND TRANSPORTATION SUBSIDY Persons EligibleDetailsConditions All employees occupying pay level 5 During Saturdays, Sundays, and Holidays, meal subsidy is equivalent to sixty pesos (P60.00) for the first eight hours of work and an additional sixty pesos (P60.00) for work rendered beyond eight (8) hours. Covered employees shall receive a transportation subsidy of (P 60.00) for the excess 4 hours of work rendered, provided that the work ends between 10:00 pm to 6:00 am. OT is approved

22 Persons EligibleDetailsConditions All employees occupying pay levels 6- 7 Employee who rendered at least 4 hours to eight hours shall receive P200.00. Additional P30.00 per hour in excess of eight hour work. Actual cost of transportation will be reimbursed With approval MEAL AND TRANSPORTATION SUBSIDY

23 NIGHT DIFFERENTIAL AND MIDNIGHT ALLOWANCE Persons EligibleDetailsConditions All employees occupying pay level 1-4 A night shift differential d employees are paid equivalent to ten percent (10%) of the hourly rate for each hour. A midnight allowance of fifty pesos (P 50.00) Work is performed between 10:00 pm and 6:00 am Work is performed beyond 12:00 midnight. one hundred (P100.00) pesos

24 PATERNITY LEAVE Persons EligibleDetailsConditions All employees Must be cohabiting with his legitimate spouse who has just given birth or suffered from a miscarriage Entitled to 7 days paternity leave with pay Up to fourth child only

25 PER DIEM Persons EligibleDetailsConditions All employees who are sent to an out-of-town assignment Equivalent to a minimum of P200.00 – this covers the meals of the employee Employee will be provided with accommodation and transportation based on the actual cost. If the employee’s meals are not provided by the client. The rate may be different depending on the place of assignment and/or the client. P400.00

26 RETIREMENT BENEFITS Persons EligibleDetailsConditions All regular employees who have rendered continuous service for the company for at least 10 years. Percentage in salary X the years of service. Less than 10 years – 0% 10 to 20 years – 10% 21 to 30 years – 25% Retire at the age of 60: 100% of the current basic + 1 /12 of the 13th month pay + 5 days paid leave of service X years of service

27 SABBATICAL LEAVE Persons EligibleDetailsConditions All employees who are have rendered three (3) years of continuous service regardless of rank Entitled to sabbatical leave or prolonged vacation leave without pay maximum period of forty-five (45) working days With approval Unpaid days will not be included in the computation of 13 th month and leaves.

28 SICK LEAVE Persons EligibleDetailsConditions All employeesEntitled to fifteen (15) days sick leave with pay per year. It is accumulating as long as the employee is employed with CPI. – 1.25 per sick leave Earned Sick Leaves are convertible to cash only upon separation from the company or those in excess of 30 earned SLs.

29 TRAINING FOR FAMILY MEMBERS Persons EligibleDetailsConditions All regular employees who have rendered an aggregate service of at least five (5) years regardless of rank. Entitled to send their immediate family members to attend the company’s training Twelve (12) days classroom training Immediate family member covers parents, siblings, spouse and children. Must have completed a Bachelor’s Degree. One training module per year

30 TRANSPORTATION ALLOWANCE Persons EligibleDetailsConditions All employees 150% of actual difference between residence to CPI Office and residence to the client’s site. Subject to tax May be availed if assigned outside Makati, Ortigas and San Juan. Except when the cost of transportation fare is lower.

31 VACATION LEAVE Persons EligibleDetailsConditions All employees who have served one (1) year of continuous service Annual vacation leave (VL) credits depends on the employee’s length of service with the Company: 12 VL credits Below 5 years of continuous service 15 VL credits 5 years of continuous service 18 VL credits 10 years of continuous service

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