Employees in government corporations would soon enjoy higher salaries and incentives based on a new directive issued by President Aquino. The President has signed Executive Order No. 203 adopting a Compensation and Position Classification System (CPCS) for the government owned and controlled corporations (GOCC) sector. The CPCS, developed by the Government Commission on GOCCs, allows a competitive compensation and remuneration system that aims to attract and retain talent while keeping the financial stability of the GOCCs. EO 203 serves as counterpart measure for GOCCs to E.O. 201 previously issued by the President authorizing additional benefits for both civilian military and uniformed personnel. “The CPCS shall be implemented and administered by GCG, and supplemented with the necessary implementing rules and guidelines on matters such as, but not limited to, hiring rates, promotions, overtime pay, night shift differential, merit increases, and Early Retirement Programs (ERIPS), taking in consideration prevailing practices in the [...]
