Cryptocurrency Q&A What is 13th month pay?

What is 13th month pay?

SamsungShineBrightnessRadiance SamsungShineBrightnessRadiance Sat Nov 30 2024 | 6 answers 956
I heard about this thing called 13th month pay and I'm wondering what it is. Is it like a bonus or some kind of compensation? How does it work and who is eligible for it? What is 13th month pay?

6 answers

Leonardo Leonardo Mon Dec 02 2024
The concept of 13th-month pay is prevalent in payroll systems.

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KimonoElegance KimonoElegance Sun Dec 01 2024
It is essentially an additional wage that employees receive.

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Sara Sara Sun Dec 01 2024
By offering this bonus, employers aim to express gratitude to their employees.

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EnchantedNebula EnchantedNebula Sun Dec 01 2024
This extra wage is typically equivalent to one month's base salary.

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SejongWisdomKeeper SejongWisdomKeeper Sun Dec 01 2024
Employees are given this bonus in addition to their regular yearly wages.

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