THE Department of Budget and Management said that they are now studying the possibility of granting salary adjustments to government workers.
“The Compensation and Benefits Study on the possible salary adjustment for government workers is ongoing, and is targeted to be finalized before the end of June 2024,” the DBM said in a statement.
According to the DBM, the comprehensive study thoroughly explores various aspects of the current compensation system, including salaries, benefits, and allowances, to identify areas for improvement.
It involves the so-called “benchmarking activities” against the private sector, and seeks to establish a fair and sustainable pay structure that will enhance the welfare and productivity of government workers, considering the effects of inflation.
“The results of the study will likewise serve as the basis for making necessary changes in the Total Compensation Framework of civilian government personnel to ensure fair and timely salary adjustment for government workers,” the DBM added
The DBM said that once the study is finalized, the consultant commissioned by the Governance Commission for GOCCs (GCG) will present the accepted study results both to the Department of Budget and Management (DBM) and the GCG.
“The DBM assures its readiness to support the implementation of the salary adjustment once approved, to ensure a competitive and equitable compensation package for our civil servants. We will find a way to fund its implementation, subject to excess revenue to be collected by the national government,” it added.
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