13th Month Pay: Most Exciting Employee Benefit Here at Grunt Workers

Did you know that every December, Filipinos are more energized and ready for their annual paychecks at this time of year. Why? If you are thinking about the 13th Month Pay, then you’re right!

The Filipino culture is known for being very family-oriented. This means that the 13th month’s pay usually goes towards celebration expenses like food, drink, and gifts to thank your loved ones who have helped you throughout this year with their time or money!

The law mandates that everyone should know how to compute their 13th-month pay, but before we dive into the formula for it’s computations, we think it’s essential first to understand what exactly is a ’13th Month Pay’?

The term “13th-month salary” or simply ” month-end payment” refers specifically to when an employee receives two salaries in one fiscal year. This usually happens if they have worked somewhere between January 1 and December 31 without any gaps during which period both employers paid them regularly (every 2 weeks) plus extra money as vacation benefits, etcetera; while also giving bonuses at different times based on achievements made by either party involved.

The term “13th-month salary” or simply ” month-end payment” refers specifically to when an employee receives two salaries in one fiscal year. This usually happens if they have worked somewhere between January 1 and December 31 without any gaps during which period both employers paid them regularly (every 2 weeks) plus extra money as vacation benefits, etcetera; while also giving bonuses at different times based on achievements made by either party involved.

Here are Grunt Workers, the 13th Month Pay is paid semi-annual every June and December. Total amount is prorated depending on the contractor’s start date.

Here are some of our team members who has received their 13th month pay for the past years and how did they spend it.

Suggestions on how to spend your 13th Month Pay

Build your emergency fund – Saving the 13th month pay in a bank account might not be everyone’s first choice, but if you’re looking for an intelligent way to spend your savings, put it away. Store this money safely and use it when needed!

Invest your money – Investing is a smart way to spend your 13th month pay. It may be unconventional, but knowing that you’re saving up for the future and securing yourself financially will help prepare you in many ways!

Start a small business – Have you ever thought about the benefits of growing your money by starting a small business? It’s not easy, but there is plenty to gain! Not only do hard work and dedication come with this path – but it also has potential for wealth creation if things go well.

There’s a certain happiness when people talk about their 13th month pay. However, this time of the year is notorious for leading people down a path where they start spending more than usual. It’s easy to get caught up in all that glitters and forget about your expenses- so spend wisely!