Professional Documents
Culture Documents
POLICIES AND
PROCEDURES
Ming Chao
Ref. No.02
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Effectivity
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II. SCOPE
III. RESPONSIBILITY
Management
IV. DEFINITIONS
-NA-
V. POLICY
The Company encourages its employees to monitor their Finances and save for their
future undertakings. However the Management also recognize the unexpected events
and needs of the employees in some unavoidable circumstances like hospitalization,
calamity and the like. With this, the company is extending financial assistance to its
employees given the policy guidelines below.
Important
1. An employee has no outstanding balance or loan from the company from the time
of Emergency/Salary Loan Application thereof.
2. The following circumstances or reason for Emergency/Salary Loans are:
Hospitalization/Immediate Medical Attention- Employee, 1st degree/immediate
family members.
Single Employees- Mother/Father/Siblings
Married Employees Husband/Wife/Children/Mother/Father
a. Natural Calamity/Accident ( Typhoon, flood, fire)
b. Tuition fee Employee, 1st degree/immediate family
3. Employee shall be given an emergency leave amounting to 60% of his/her
monthly gross income.
4. Terms of amortization/deduction should be on semi-monthly/per cut off basis. (An
employee shall receive 60% of his/her salary minus all the deductions.)
COMPANY CONFIDENTIAL
REPRINT AND PHOTOCOPY OF THIS DOCUMENT IS STRICTLY PROHIBITED
STANDARD OPERATING
POLICIES AND
PROCEDURES
Ming Chao
Ref. No.02
Revision No.
Issue No.
Effectivity
Date
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VI. PROCEDURES
DEPT./PERSON
RESPONSIBLE
Dept. Head/BM/SS
Top Management
ACTIVITY
1.Implementation of Policy
VII. ANNEXES
COMPANY CONFIDENTIAL
REPRINT AND PHOTOCOPY OF THIS DOCUMENT IS STRICTLY PROHIBITED
Ming Chao
STANDARD OPERATING
POLICIES AND
PROCEDURES
EMERGENCY SALARY LOAN
HRD
Ref. No.02
Revision No.
Issue No.
Effectivity
Date
Page Number
COMPANY CONFIDENTIAL
REPRINT AND PHOTOCOPY OF THIS DOCUMENT IS STRICTLY PROHIBITED
00
Page 3 of
3