The Labor Code sets the rules for hiring and firing of private employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth-month pay and retirement pay;  and the guidelines in the organization and membership in labor unions as well as in collective bargaining. The prevailing labor code allows the typical working hour to be 8 hours a day, i.e.
The Labor Code outlines the regulations governing the hiring and termination of private employees; it also specifies the working conditions, including maximum work hours and overtime, as well as employee benefits such as paid holidays, 13th-month pay, and retirement compensation. Additionally, it provides guidelines for labor union organization and collective bargaining.