The term "national heroes day holiday pay" functions as a compound noun, with "pay" as the head noun. The preceding words"National Heroes Day" and "holiday"act as adjectival modifiers specifying the type of compensation. It refers to the special wage rate legally mandated for an employee who performs work during the public observance of National Heroes Day.
This remuneration is a form of premium pay governed by labor laws, such as those in the Philippines where National Heroes Day is a regular holiday. The calculation for this pay differs significantly from a standard workday. Typically, an employee who works on this day is entitled to 200% of their regular daily wage for the first eight hours. If the holiday also falls on the employee's scheduled rest day, the premium increases, often to 230% of the daily basic wage. These specific computations ensure workers are compensated for forgoing a statutory day of rest and national commemoration.
Understanding this term as a specific noun is critical because it identifies a quantifiable legal entitlement, not merely a descriptive concept. For employers, the accurate calculation and disbursement of this pay are essential for compliance with labor standards and avoidance of legal disputes. For employees, it represents a protected right and a key component of their compensation, directly impacting their income for work rendered on a specific national holiday.
