The Philippine Amusement and Gaming Corporation (PAGCOR) has announced its intention to file a motion for reconsideration with the Governance Commission for GOCCs (GCG) regarding the retention of employee benefits that were discontinued under the agency’s new salary scheme.
In its latest statement, the Philippines gaming regulator stated that as a government-owned and controlled corporation (GOCC) under the supervision and regulation of the GCG, PAGCOR received the Authority to Implement its new Compensation and Position Classification System (CPCS) on January 31.
In a memorandum to all employees dated Wednesday, February 14, PAGCOR Chairman and CEO Alejandro H. Tengco highlighted that while the agency’s CPCS led to the upward adjustment of basic salaries, other employee benefits and incentives were discontinued under the new system.
Tengco stated, “As part of our commitment to promote employee welfare, we will appeal to the GCG for the retention of certain employee benefits such as meal allowance, healthcare program, relocation expenses for transferred employees, morale and welfare activities, among others, which help us build and retain a competent workforce.”
He added, “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.”
PAGCOR employees are set to receive their adjusted salaries starting February 15.
The new Compensation and Position Classification System (CPCS) aims to align PAGCOR staff salaries with those of other government organizations. However, the introduction of the new pay rules has been delayed for several years due to prolonged negotiations and changes in leadership within both the Philippine government and PAGCOR.
