|
Aguinaldo
A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December. Although the amount of the payment depends on a number of factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on country). History In Italy it was originally named gratifica natalizia''' ("Christmas bonus") being a voluntary donation without any obligation that the employer recognized to its employees when entering the Christmastide and was legalized in the 1937 collective labour agreement for factory labour and was extended to all kind of works in 1946 and by presidential decree in 1960. In the Philippines it was legalized in December 1975 responding the problem of update the minimum wage. The minimum wage had not been raised for five years, and no longer matched the cost of living. President of the Philippines, President Ferdinand Marcos issued Presidential Decree No. 851 (at this time Marcos ruled by decree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The Philippines
The president of the Philippines ( fil, Pangulo ng Pilipinas, sometimes referred to as ''Presidente ng Pilipinas'') is the head of state, head of government and chief executive of the Philippines. The president leads the executive branch of the Philippine government and is the commander-in-chief of the Armed Forces of the Philippines. The president is directly elected by the people, and is one of only two nationally elected executive officials, the other being the vice president of the Philippines. However, four vice presidents have assumed the presidency without having been elected to the office, by virtue of a president's intra-term death or resignation. Filipinos generally refer to their president as ''pangulo'' or ''presidente'' in their local language. The president is limited to a single six-year term. No one who has served more than four years of a presidential term is allowed to run or serve again. The current president of the Philippines is Bongbong Marcos, who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
