The Philippine Amusement and Gaming Corporation (PAGCOR) announced today that it will file a motion for reconsideration with the Governance Commission for GOCCs (GCG) to retain employee benefits that were discontinued under the agency’s new salary scheme.
PAGCOR received authorization from the GCG to implement its new Compensation and Position Classification System (CPCS) on January 31. I Photo: PAGCOR Facebok
As a government-owned and controlled corporation (GOCC) under the supervision and regulation of the GCG, PAGCOR received authorization from the GCG to implement its new Compensation and Position Classification System (CPCS) on January 31.
In a memorandum to all employees today, February 14, PAGCOR Chairman and CEO Alejandro H. Tengco stated that while the agency’s CPCS led to the upward adjustment of basic salaries, other employee benefits and incentives were discontinued in the new system.
“As part of our commitment to promoting employee welfare, we will appeal to the GCG for the retention of certain employee benefits such as meal allowances, healthcare programs, relocation expenses for transferred employees, morale and welfare activities, among others, that contribute to building and retaining a competent workforce,” he said.
“Management recognizes that human resources remain our greatest asset. As one of the largest revenue earners and contributors to the national coffers, we need to optimize employee engagement to meet and exceed our revenue targets,” he added.
PAGCOR employees will commence receiving their adjusted salaries today, February 15.
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