THE government is set to finish a comprehensive study on the possible salary adjustment for government workers in the first six months of 2024.
This was announced by Department of Budget and Management (DBM) Secretary Amenah Pangandaman.
This initiative, led by the DBM and the Governance Commission for GOCCs (GCG), aims to ensure a competitive and fair compensation package.
According to Pangandaman stated, the rising cost of basic commodities and services in the Philippines highlights the need to review the current state of compensation of government employees.
“We recognize that the rising cost of the basic commodities and services in the country highlights the need to review the current state of compensation of government employees” according to Sec. Amenah Pangandaman, DBM.
The DBM Secretary added that the proposed compensation adjustment should consider not only the inflation rate and cost of living adjustments but also standard market practices to ensure that working for the government remains desirable and comparable to working in the private sector.
The Compensation and Benefits Study currently underway will explore various aspects of the current compensation system, including salaries, benefits, and allowances.
The Budget Secretary also noted that the study results will serve as the basis for making necessary changes to the Total Compensation Framework (TCF) for civilian government personnel.
The said step may be in the form of salary increases, adjustments to benefit and allowance rates, rationalization of benefits, and/or fine-tuning of the government’s Total Compensation Framework.
Meanwhile, the expenses for implementing the said compensation adjustment should come from available appropriations under the Fiscal Year 2024 General Appropriations and succeeding annual appropriations.
