Endo meaning philippines6/30/2023 ![]() ![]() United States Indo-Pacific Command (USINDOPACOM) is one of six geographic combatant commands defined by the Department of Defense's Unified Command Plan (UCP). While the apparent winner of the elections promised to put an end to contractualization, only time will tell if he will deliver his promise to millions of Filipinos who still have go through such setup to make ends meet.** Click here to download the large Image ** Next month, the new President will finally take over and lead the country for another six years. “This is because their contract gives them limited time in the company, and there is no assurance that they can keep up with repayment schemes.” According to eCompareMo’s resident banking expert Darlyn Natividad, contractual employees have a slim chance of getting their applications for credit cards, loans, and other banking products approved. ![]() Educational assistance or plans to employee and/or his direct dependentsīeing a regular employee also makes you a better candidate for banking products. In addition, regular workers can also receive the following perks outside the mandated benefits, provided that they company issues them to their employees:ĥ. Home Development and Mutual Fund (HDMF) contributions ![]() National Health Insurance Program (Philhealth) contributionsģ. Social Security Systems (SSS) contributionsĢ. Why do labor groups want to end the practice of contractualization? To begin with, the abolishment of such system will give workers job security and allow them to continue doing their jobs without worrying whether or not there will be employment waiting for them after their contract ends.Īside from job security, here are the basic benefits are given to regular employees:ġ. Each candidate had their own promise in dealing with endo, but in the end, it was Davao City Mayor and presumptive President Rodrigo Duterte’s message that resonated with the public. Labor groups have long been crying foul over the continuous prevalence of such practice in the labor sector that presidential candidates in the 2016 elections expressed to do something about it. Increase your chances with 20+ banks and lendersĪpply Now Read: ( These Are The Lowest-Paying Jobs In The Philippines, According To DOLE) The amendment of the Philippine Labor Code, which is more commonly known as the Herrera Law, gave big companies a leeway practice contractualization widely, thereby allowing them to cut costs and generate more revenue. The amendment of the Philippine Labor Code, which is more commonly known as the Herrera Law, gave big companies a leeway practice contractualization widely, thereby allowing them to cut costs and generate more revenue.Īside from this, people also refer to this employment practice as “endo” (end of contract), or “555,” which refers to a system where employers hire and fire probationary employees to avoid making them regular employees.īy terminating them before they even reach their sixth month, which is the maximum length stipulated by the Labor Code of Philippines, they can avoid regularizing employees and deprive them of benefits that come with being a regular employee, such as paid leaves, bonuses, overtime, membership contributions, health insurance coverage, and other benefits. In the Philippine context, contractualization “is a work arrangement whereby workers are only hired for only about five months without security of tenure, monetary, non-monetary, and social protection benefits.” What is contractualization and how does it affect everyone of us? Endless cycleĬontractualization has been a system long practiced by a lot of companies in the country, especially large companies who want to keep their profits up. With 35 million contractual workers in the Philippines, the issue is just hard to ignore. While the results of the recently held elections have already been made apparent, the issues tackled during the campaign season still linger on, especially for those who hold on to the promise that change is coming.ĭuring the fiery campaign period, one of the biggest topics that got a lot of attention was the issue of contractualization of labor. The labor code, ‘555,’ banking applications, and other pertinent details surrounding the issue. What You Need To Know About Contractualization And End Of Contract 3 min read By eCompareMo on May 17, 2016 ![]()
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