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Security Rate For Security Guards

This document provides a cost distribution per month for security guard services. It outlines the daily wage at 373 pesos and calculates the average monthly pay at 12,231 pesos including night differential, 13th month pay, and other benefits. It also lists the amounts deducted for SSS, PhilHealth, and other government contributions. The total amount to the guard and government is 24,479 pesos. An agency fee of 10% is added, along with a 12% VAT, bringing the total contract rate to 27,221 pesos. Overtime pay is also calculated at 7,730 pesos based on overtime hours worked.

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892 views

Security Rate For Security Guards

This document provides a cost distribution per month for security guard services. It outlines the daily wage at 373 pesos and calculates the average monthly pay at 12,231 pesos including night differential, 13th month pay, and other benefits. It also lists the amounts deducted for SSS, PhilHealth, and other government contributions. The total amount to the guard and government is 24,479 pesos. An agency fee of 10% is added, along with a 12% VAT, bringing the total contract rate to 27,221 pesos. Overtime pay is also calculated at 7,730 pesos based on overtime hours worked.

Uploaded by

engel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ZHANSHI SECURITY SERVICES, INC.

278 MEDS Building, Gen. Yengco St., Medicion 1A, Imus City, Cavite
Tel. No. (046) 440 1415 Email: [email protected]

Cost Distribution Per Month


Wage Order No. IVA-18
Effective April 28, 2018

Days worked per week 7 days


No. of Days/year 393.50
12 hrs work/day
Amount to Guard
Daily Wage 373.00

Ave. Pay/Month (DW X No. of Days per yr/12 12,231.29


Night Differential Pay (Ave. Pay/mo x 10% x 1 /2) 611.56
13th Month Pay (DW x 365/12/12) 945.45
5 Days Incentive Pay (DW x 5/12) 155.42
Uniform Allowance (R.A. 5487) 100.00
Retirement Benefit (R.A. 7641) (DW x 22.5/12 699.38
Overtime Pay 7,730.89
22,473.99
Amount to Gov't. In Favor of Guard
SSS Premium 1,600.00
Philhealth Contribution 275.72
State Insurance Fund 30.00
Pag-ibig Fund 100.00
2,005.72

A. TOTAL AMOUNT TO GUARD & GOV'T. 24,479.71

B. AGENCY FEE
Administrative Overhead and Margin (10%) 2,447.97

C. VALUE ADDED TAX (Agency fee x 12%VAT-RMC-39-2007) 293.76


CONTRACT RATE 27,221.44

Overtime Computation

Overtime 7 Days
Rate per hour (373/8) 46.63
Regular Days (46.63 x 125% x 298 x 4) 69,471.25
Regular Holidays (46.63 x 260% x 12 x 4) 5,818.80
Sundays/Rest Days (46.63 x 169% x 52 x 4) 16,389.62
Special Days, Rest Days (46.63 x 195% x 3 x 4) 1,091.03
92,770.70
Divided by: 12.00
Overtime Pay (4) hours/day 7,730.89
NOTE:
* 1. In compliance to the new salary bracket coverage of SSS in accordance to their Memorandum
Circular 2013-010 and Philhealth Circular 2017-0024, effective January 1, 2018.
2. Total 10% Night Differential Pay should be paid to night shift guards amounting to P1,223.13
8hrs at P 407.71 x 3 = 1,223.13
12hrs at P 611.56 x 2 = 1,223.13
Computation of Additional Statutory Benefits (Separate Billing) (to be computed with 20% AC)
1. Leave (PL) (DW + COLA) X # of days 373.00
2. Solo Parental Leave (7 days) (DW + COLA) X # of days 373.00
3. Children (VAWC) (DW + COLA) X # of days 373.00
4. Special Leave for Women (Magna Carta) (DW + COLA) X # of days 373.00

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