terminal_report_final1

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P a g e | 32 Pre-Kinder and Kinder classes; this means that there is a need to retain 2 teachers. Based on the survey conducted the minimum salary paid to the teachers was PhP8,000.00, whilst, the maximum was PhP10,000.00. The average would mean an amount of PhP9,000.00 as reflected in table 12. The projected scenario is that Teacher A would be the teacher in-charge for the two sections either in Pre-Kinder and Kinder (morning or afternoon session), this means that Teacher A would be getting an adjusted salary of PhP13,500.00 (plus 50% of the existing salary rate) per month. Table 12. Financial projection for one (1) school site for teachers and non-teaching personnel for one (1) school year (10 months). Minimum Maximum Actual/ month Adjusted 10 months Head Teacher/ Classroom Teacher 10,000.00 15,000.00 12,500.00 18,750.00 187,500.00 Teacher (1) 8,000.00 10,000.00 9,000.00 13,500.00 135,000.00 Staff (1) 5,000.00 7,000.00 6,000.00 60,000.00 Janitor (1) 3,000.00 4,000.00 3,500.00 35,000.00 Total 417,500.00 The existing and standard policy (practiced by most of the private schools), in cases where there are only 2 or 3 classes; one of the retained teachers would become the head teacher/classroom teacher. However, the head teacher/classroom teacher would be getting an additional 50 percent of the existing rate of a head teacher. In the case of BIS, since there will only be 2 teachers who will be retained, one of them would be the head teacher and at the same time the teacher in-charge of the two other classes. Thus, the adjusted salary of the head teacher/classroom teacher would be PhP18.750.00 per month as reflected in table 18. Moreover, there is also a need to retain one staff (could be assigned as the record keeper and/or cashier at the same time) and a janitor (could double as a security guard) to maintain the cleanliness and the safety of the school premises. To sum up, the financial projection for the cost of salaries (admin, teacher, staff and janitor) is PhP417,500.00. Excluded in the financial projection is the cost of premium payments for SSS (Social Security System), Philhealth, and Pag-ibig. However, it is worth noting that these remittances are employer mandated obligations under the Labor laws of the Philippines. Mandatory government benefits and contributions. The following are the mandated government benefits and contributions:
P a g e | 33 Social Security System (SSS), Republic Act No. 8282, otherwise known as “Social Security Act of 1997”, section 18 thereof is quoted hereunder, to wit: “Employee’s contribution. (a) Beginning as of the last day of the calendar month when an employee’s compulsory coverage takes effect and every month thereafter during his employment, the employer shall deduct and withhold from such employee’s monthly salary, wage, compensation or earnings, the employee’s contribution in an amount corresponding to his salary, wage, compensation or earnings during the month” (RA No. 8282, 1997). The monthly contributions are based on the compensation of members. The current SSS contribution rate is 11% of the monthly salary credit not exceeding PhP16,000 and this is being shared by the employer (7.37%) and the employee (3.63%) (SSS, 2017). Home Development Mutual Fund Law of 2009, otherwise known as Pag- IBIG (Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund, Republic Act No. 9679 (2008). Section 6 thereof provides, “Coverage in the Fund shall be mandatory upon: (a) all employees covered by the SSS and the GSIS, and their respective employers, notwithstanding any waiver of coverage previously issued xxx.” The 13 th Month Pay Law, President Decree No. 851, section 1 thereof, provides, “All employers are hereby required to pay all their employees receiving a basic salary of not more than P1,000 a month, regardless of the nature of their employment, a 13 th month pay not later than December 24 of every year.” Moreover, the Revised Guidelines on The Implementation of the 13 th Month Pay Law, (1986), provides that– “Private school teachers, including faculty members of universities and colleges, are entitled to the required 13 th month pay, regardless of the number of months they teach or are paid within a year, if they have rendered service for at least one (1) month within a year.” Republic Act No. 10606 an Act Amending Republic Act No. 7875, otherwise known as the “National Health Insurance Act of 1995”, section 6 thereof provides, “All citizens of the Philippines shall be covered by the National Health Insurance Program. xxx” Table 13 presents the additional costs for the government mandated employees’ benefits and contributions which has a total amount of PhP70,345.76.
Page 1 and 2: Establishment of Enterprise School
Page 3 and 4: P a g e | iii Table of Contents Pag
Page 5 and 6: P a g e | v List of Tables Table Pa
Page 7 and 8: P a g e | vii Abstract The primary
Page 9 and 10: Establishment of Enterprise School
Page 11 and 12: P a g e | 3 The BRAC enterprise sch
Page 13 and 14: P a g e | 5 Document analysis was l
Page 15 and 16: P a g e | 7 Mintal has 13,350 hecta
Page 17 and 18: P a g e | 9 Moreover, majority of t
Page 19 and 20: P a g e | 11 Advantages and disadva
Page 21 and 22: P a g e | 13 learners, (c) the teac
Page 23 and 24: P a g e | 15 PhP8,000.00 to PhP10,0
Page 25 and 26: P a g e | 17 be encouraged to serve
Page 27 and 28: P a g e | 19 With regards, governme
Page 29 and 30: P a g e | 21 Table 9. … (cont’d
Page 31 and 32: P a g e | 23 low as PhP1,000 to as
Page 33 and 34: P a g e | 25 For other requirements
Page 35 and 36: P a g e | 27 teachers. Not all priv
Page 37 and 38: P a g e | 29 Cayon (2016, January)
Page 39: P a g e | 31 sessions (morning and
Page 43 and 44: P a g e | 35 the highest is PhP3,00
Page 45 and 46: P a g e | 37 Nguni, S.C. (2005). Tr
Page 47 and 48: P a g e | 39 The research team BONI

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