In essence, wage is a monetary compensation paid by an employer to employee in exchange for the services rendered to the former. The basic principle of paying wages follows the notion that any resources, be it like a commodity (e.g. rice, clothes, etc.), or a resource like land and labor, has its own price or value. Hence, wage is the economic value of the time spent, or output produced (piece-rate), by a worker for taking part in the course of business operation.
The increasing number of Filipinos until 2020 have led to more of them entering the labor force particularly the youth. In seven years, it is projected that the country’s average employment-to-population ratio of 0.61, or more than half of the labor force are employed, is a proof showing the capability of the labor market to provide job opportunities to each member of the labor force. Not only just in delivering employment but also on the quality of each opportunities imparted to Filipinos, as presented in Figure 3 in which the number of wage and salaried workers are greater than self-employed workers. Most of the employment opportunities are in or will be coming from the services sector, wherein 1 out of 2 workers are employed on a part-time working arrangement.
The objective of this study is to assess the skills and compensation practices among regular and associate members of the Chamber of Mines of the Philippines, with the overall goal of developing a Human Resource Development Roadmap for the mining industry. Using pen-and-paper survey method and validation interviews with HR representatives of mining companies, information regarding several aspects of the industry was revealed. The skills in-demand, compensation and benefits, adherence to labor standards found in the Labor Code, and the outlook of the industry were all extracted from the data gathered through the survey. Results have shown the industry’s relevance to the overall supply chain.
Persons with disabilities (PWDs) comprised one-sixth or 15 percent of the world’s population. About 785 million men and women with disabilities or 80 percent are of working age. In the Philippines, of the 92.1 million household population, there are around 1.4 million or 1.57 percent had disability, based on the 2010 Census of Population and Housing. Moreover, PWDs are among the vulnerable groups that needed the utmost attention from the government.