Devising a retrenchment pay model that minimizes company losses and protects labor

• Main Author: Baybay, Benedict Dominic Q.
• Format: text
• Language: English
• Published: Animo Repository 2011
• Subjects: Severance pay—Philippines; Employees—Dismissal of—Law and legislation—Philippines; Benefits and Compensation
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/6490; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=12901&context=etd_masteral
• Institution: De La Salle University

The retrenchment is more that a guarantee to employees to receive benefits when they are separated from work. It is also a form of recovery tool for businesses. However, Philippine laws on retrenchment do not make retrenchment an effective recovery tool. The retrenchment rate only factors in the yea...