The Philippine Amusement and Gaming Corporation (PAGCOR) on Feb. 14 said it will file a motion for reconsideration with the Governance Commission for GOCCs (GCG) for the retention of employee benefits that were discontinued under the agency’s new salary scheme.
As a government-owned and controlled corporation (GOCC) under the supervision and regulation of the GCG, PAGCOR received from GCG the Authority to Implement its new Compensation and Position Classification System (CPCS) last Jan. 31.
In a memorandum to all employees on Wednesday, February 14, PAGCOR Chairman and CEO Alejandro H. Tengco said 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 promote employee welfare, we will appeal to the GCG for the retention of some employee benefits such as the meal allowance, healthcare program, relocation expense for transferred employees, morale and welfare activities, among others, that help us build and retain a competent workforce,” he said.
“Management recognizes the fact that human resource remains as 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 start receiving their adjusted salaries on Thursday, February 15.
