What types of employment agreements can be accommodated in the Philippines (i.e., fixed-term, part-time, hourly, etc.), and what are the restrictions for each type? Does Pebl have templates available?

In the Philippines, various types of employment agreements are applicable, with specific conditions and restrictions:

• Indefinite and Fixed-term Employment Agreements: Both are acceptable, though fixed-term employment agreements have particular restrictions.

• Part-time Employment Agreements: As outlined by the Department of Labor and Employment (DOLE), these agreements apply to employees who work significantly fewer hours than a standard full-time schedule. Employees under part-time agreements are entitled to overtime, premium pay, holiday pay, 13th-month pay, service incentive leave with pay, and retirement benefits.

• Hourly Employment Agreements: No specific restrictions exist for hourly employment agreements in the Philippines.

Velocity Global Philippines offers templates for indefinite, fixed-term, part-time, and hourly employment agreements, accommodating the diverse needs of employers in the Philippines.

Is it necessary for the employment agreement to be bilingual with Filipino taking precedence in the Philippines?

Our employment agreement templates for the Philippines are written in English only.

Can variable compensation be included in the employment agreement in the Philippines or should it be outlined in a separate Variable Compensation Plan?

Variable compensation may be referenced in the employment agreement in the Philippines. However, if the plan is very detailed, a separate Variable Compensation Agreement should be utilized.

Does the Variable Compensation Plan require a local translation in the Philippines?

The law in the Philippines does not mandate the Variable Compensation Plan or any employment agreements to be drafted in a specific language. It is common for such agreements to be written in English.