How to structure wages, benefits

MANILA, Philippines — Many businesses and HR practitioners are not skilled and updated on how to maximize the tax savings and benefits allowed by the government. With the recent passage of ­­the TRAIN law, it impacts both individual and corporate taxpayers. To help the millions of taxpayers and thousands of business organization on this issue, the Center for Global Best Practices is launching a training for business owners, decision-makers and HR practitioners on the topic, “How to Structure and Compute Salaries, Wages & Benefits for Employees” scheduled on Nov. 15, 2019 at the Marriott Grand Ballroom, Resorts World Complex, Pasay City.

Increase the take-home pay of your workers by designing your compensation structure to maximize the use of de minimis benefits, fringe benefits, other benefits, optimizing the allowable deductions and tax exemptions, giving the 13th month pay on a monthly basis, and more.  This will mean less taxes to withhold, more money for your employees. Participants will be shown how to link these new measures to create a cohesive and highly beneficial structure for employers and employees. This offers a window for companies to align compensation approaches with business strategies to achieve a program that attracts, retains and motivates workers and at the same time minimizes tax costs to businesses and their people.

Learn valuable insights, best practices tips and strategies from labor law expert and practitioner, Atty. Elvin Villanueva, who has written 25 best-selling labor law books. His advocacy is to help companies and employees solve their HR issues.

Registration is open to the general public. CGBP is an accredited training provider of the Civil Service Commission. Public officials and government employees attending this training can earn points and are exempted from the P2,000-limit set by COA based on the Department of Budget and Management Circular 563 issued on April 22, 2016. Interested participants are encouraged to avail of the early registration savings and group discounts for those registering three or more attendees. Seats are limited and pre-registration is required.

Check www.cgbp.org for a complete list of best practices programs or call landlines in Manila (+63 2) 8842-7148/ 59 or (+63 2) 8556-8968/ 69, or in Cebu (+63 32) 512-3106 or 07.  This program is accredited by the Professional Regulations Commission. Accountants attending this program will earn CPD credit units.