Sun. Feb 28th, 2021

At least 1.6 million workers stand to benefit from a wage subsidy proposal made by the Department of Labor and Employment (DOLE) under the proposed Bayanihan to Arise as One Act or Bayanihan 3, a senior official said Monday.

During the Laging Handa public briefing hosted by the Presidential Communications Operations Office, DOLE Assistant Secretary Dominique Tutay said the wage aid suggestion involved workers and youth beneficiaries.

“The original number of beneficiaries, if I recall it right, it is around 1.6 million workers. This include our youth beneficiaries who have been out of the labor force or the labor market during the pandemic,” Tutay said.

The official also said around 30,000 establishments or business, including micro, small and medium enterprises (MSMEs), will be covered by the proposed measure.

“It could be around 30,000 establishments under the category of micro, small and medium enterprises,” she said.

Tutay said the proposed budget for the wage subsidy program is at least P52 billion. “Our original proposal in 2020 was about P40 billion. But I looked at the Bayanihan 3 bill. It is about P52 billion.”

Under the proposal, the DOLE will subsidize a portion of the salary of the workers.

“Our original proposal to the DBM [Department of Budget and Management] and Congress regarding wage subsidy, it will run for about three months. We will subsidize a portion of the wage of the workers in the form of the payroll system ng mga companies. What is needed is to have a certain percentage of their workers that needs to be retained or preserved,” she said.

Tutay said, however, the full realization of the wage subsidy is still dependent on the national budget. SOVEREIGNPH

Leave a Reply