Thursday, January 28, 2010

Overtime Pay

6:18 PM by admin · 0 comments
Being in-charge in payroll preparation is a hard task to me in terms of decision making. I need to apply the company policy in vacation leave and overtime . There are times that I want to consider my co-employee but I will be responsible in the company.

This payroll period I have a problem in computation of payroll. I ask the owner of the company to consider the file of employee who rendered extra effort for the company. But the said work was done during the working hours so it was not give a consideration.

How I wish that I can please all in the company but things won't turn the way I want to be. I am under payroll I have to follow the rules and regulations of the company where i am employed now.

Below is the computation of overtime:

Ordinary Days:
Number of hours in excess of 8 hours (125% x hourly rate)

Rest day, special day or regular holiday:
Number of hours in excess of 8 hours (130% x hourly rate)







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Wednesday, January 27, 2010

HSBC Credit Card Settlement

5:54 PM by admin · 0 comments
Finally, I have settled my two HSBC credit card. Of course,I borrowed the money to avail the discounted amount that HSBC offered to me by their collection agency namely:

1. Molaer
2. Lauron
3. Anonuevo

I cannot forget my experience with this credit card company with their employee. How they treat me as if I have no intention to settle my obligation. On the other hand, the Molaer added my emotional distress by charging me as a liar.

For those who are contemplating to apply for a credit card, I strongly advice you not to enter on this problem. Of course not all are having difficulties in paying their bills but if you are a minimum wage earner and can pay only the minimum monthly due, please forget about it. If you will use the credit card as your crutches, in the end you find yourself in a big trouble. Just live within your means. In addition, not all credit card companies are offering a discount like HSBC credit card offered just to close your account. I am not promoting HSBC of course, but to compare to my other credits cards where I request for a discount for interest and penalties, they are not giving even a small percentage of discount. Although I have paid more than the principal amount, still they will collect all the charges they made.

I still have other four credit cards with full balances. I am longing to settle all of this as soon as possible.






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