By May 1, minimum wage earners in Davao Region will get a P10 increase in their Cost of Living Allowance (COLA).
The additional P10 in the worker’s COLA will increase the minimum wage of the region from the P260- P291 to P270-P301.
This is the second tranche of the P15 COLA increase set under Wage Order No. RB XI-17 issued last December 2011. The first tranche of P5 was implemented in January 1 of this year.
The Regional Tripartite Wages and Productivity Board (RTWPB-XI) issued the Wage Order No. RB XI-17, which sets the pay of non-agricultural workers and those employed in the retail and service establishment with more than 10 workers to P301 per day.
This consists of a basic minimum wage pay of P286 and aggregate COLA of P15.00. Meanwhile, those in the agricultural sector will get P276 and those working in retail and service establishments with less than ten workers will receive P275.
According to Department of Labor and Employment – XI regional director Joffrey Suyao, the RTWPB initiated a hearing to determine the necessity of a wage increase in the region last September 2011.
The findings prompted the board to issue such COLA adjustment.
Suyao said numerous hearings and deliberations were conducted and tripartite board members were armed with current data of regional economic indicators to ascertain the levels of adjustment.
He said the wage order will help minimum wage earners get reprieve from dealing with increasing prices of basic commodities.