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PAGCOR to appeal discontinuation of employee benefits under new salary scheme

February 15, 2024 Philippines Industry Updates

Under the agency’s new pay plan, the Philippine Amusement and Gaming Corporation (PAGCOR) plans to file a request for reconsideration with the Governance Commission for GOCCs (GCG) about the termination of some employee benefits.

Following PAGCOR’s receipt from the GCG on January 31, the Authority to Implement its New Compensation and Position Classification System (CPCS), this decision was made.

PAGCOR Chairman and CEO Alejandro H. Tengco said in a document dated February 14, 2024, that although the implementation of the CPCS has increased base pay, it has also led to the elimination of some staff bonuses and incentives.

Tengco emphasized PAGCOR’s dedication to promoting employee welfare and announced plans to petition the GCG to keep a number of benefits in place, such as meal allowances, healthcare plans, relocation expenses for workers who are moved, and welfare and morale-boosting activities. These benefits are thought to be essential for producing and retaining a highly qualified workforce.

Understanding that people are the company’s most significant asset, Tengco stressed that increasing employee engagement is essential to meeting and exceeding sales targets. As one of the biggest contributors and earners of revenue to the federal coffers, PAGCOR recognizes the need of keeping a motivated workforce.

The previous month, PAGCOR announced plans to implement the new staff payment mechanism. The modified compensation would go into effect on February 15.

Original story by: IAG

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