ON-THE-JOB TRAINING AT HOME DEVELOPMENT MUTUAL FUNDS (PAG-IBIG FUND) In Partial fulfillment of the Requirements for Bachelor of Science in Information Technology Submitted by: Arce P. Baldonado Submitted to Ms. Ruth Bongales March 2013 Table Of Contents II. Background of the Company III. Summary of the OJT Experience IV. Assessment of the OJT/Practicum Program A. New knowledge, attitudes and skills acquired B. Theories actually seen in practice C. Feedback that can be given to the company or institution D. Benefits gained E. Problems Encountered V. Appendices A. Company brochure B. Copy of the Endorsement Letter
C. Copy of the Training Plan D. Copy of the Signed Waiver form E. Daily Time Record F. Quarterly Performance Appraisal Forms G. Certificate of Completion II. Background of the Company The birth of the Home Development Mutual Fund (HDMF) The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag- IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs.
Under the said law, there were two agencies that administered the Fund. The Social Security System handled the funds of private employees, while the Government Service Insurance System handled the savings of government workers. Less than a year after on 1 March 1979, Executive Order No. 527 was signed. The order directed transferring the administration of the Fund to the National Home Mortgage Finance Corporation, which was one of the operating agencies of the then Ministry of Human Settlements. Seeing the need to further strengthen the stability and viability of the two funds, Executive Order No. 38 was issued on 4 June 1979, merging the funds for private and government personnel into what is now known as the Pag-IBIG Fund. However, It was only on 14 December 1980 when Pag-IBIG was made independent from the NHMFC with the signing of PD 1752, which amended PD 1530. With the improved law in effect, the Fund’s rule-making power was vested in its own Board of Trustees. Likewise, PD 1752 made Pag-IBIG membership mandatory for all SSS and GSIS member-employees A new Administration, some changes in Pag-IBIG Months after former President Corazon C.
Aquino assumed leadership of the country, Pag-IBIG contributions were suspended from May to July 1986. This gave way to the Presidential Task Force on Shelter to conduct a thorough review of the Fund and its operations. The task force later affirmed that Pag-IBIG Fund was run professionally and that there were no anomalies in the Fund. On 1 August 1986, former President Aquino directed the resumption of Pag-IBIG membership under Executive Order No. 35. Membership was still on a mandatory basis but under more liberal terms. For one, contribution rate was reduced from three percent to one percent for employees earning over P1,500.
Employer share was likewise cut from three percent to a fixed rate of two percent. The Maximum Fund Salary was raised from P3,000 to P5,000. 1 January 1987 marked the return of the Pag-IBIG Fund to a voluntary program under Executive Order No. 90. While many companies chose to discontinue their Pag-IBIG membership, quite a number, including big companies like PLDT and Dole Philippines, nevertheless opted to retain their membership to the Fund despite the voluntary nature of registration. Facing challenges head on Confronted with the sudden reduction in its membership base, Pag-IBIG stood unfazed and took the challenges head on.
As a first step, the Fund implemented an intensified marketing campaign that focused on membership retention and generation. It was during the years as a voluntary fund that Pag-IBIG evolved from an institution primarily for savings and housing into an agency with a wider reach that covers almost all other needs. Pag-IBIG introduced innovative benefit programs that heeded the calls for expansion of membership to include self-employed groups with informal income, overseas Filipino workers, and non-earning spouses.
It also launched other novel programs such as the Multi-Purpose Loan for its short-term loans program, and shelter programs that address both individual and institutional housing requirements. Clearly, the voluntary nature of Pag-IBIG membership did not stop the Fund from growing in depth and breadth. During the period, the Pag-IBIG Fund has claimed its rightful place in the country’s economic and financial system, finally gaining the acceptance of its members, not by force, but by its continuing efforts to impress upon the members that the Fund exists solely for their benefit as well as their beneficiaries.
After eight years as a voluntary fund, the nature of Pag-IBIG membership reverted to mandatory on 17 June 1994 when President Fidel V. Ramos signed Republic Act 7742. The new law became effective on 1 January 1995. Today, more than a decade after the universal Pag-IBIG coverage law was implemented, the Pag-IBIG Fund continues to be a strong partner in realizing Filipino workers’ dreams. Over the years, it initiated more programs and projects, particularly those that address the needs of members belonging to the bottom economic level.
The Fund has established special housing partnerships with teachers and uniformed men, among others. The Rent-to-Own Program was introduced, providing members another affordable way of homeownership. The Fund’s efforts towards housing the Filipino did not go unnoticed. During the World Habitat Day celebration in October 2006, Pag-IBIG was given the prestigious Scroll of Honour Awards by the United Nations Human Settlements Program (UN-Habitat) for “making the dream of affordable housing a reality for hundreds of thousands of households. ” Pag-IBIG is the first Philippine government agency to be awarded such recognition.
The Fund likewise strengthened its partnership with accredited developers by way of its various institutional lending programs, among which is the much-sought after program for the development of medium and high-rise condominium buildings. The program provides a ready inventory of condominium units for sale at affordable prices, and allows members to experience condominium style living in areas close to their places of work. In recent years, the Fund has embarked on its successful bid in the financial market, moving a step closer to its vision of becoming a premier and globally competitive provident financial institution.
In 2001, the Fund floated P2 billion-worth of Pag-IBIG Housing Bonds to generate additional funds for its shelter financing programs, which was warmly received by both institutional and individual investors. The bonds matured in late 2006. HDMF Law of 2009 Recognizing HDMF’s contributions through the years and the need to further strengthen its capability as the biggest source of housing finance in the country to date, President Gloria Macapagal-Arroyo signed into law Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009. The law was signed on 21 July 2009.
Under the new HDMF law, membership to the Pag-IBIG Fund is made mandatory for all SSS- and GSIS-covered employees; uniformed members of the AFP, BFP, BJMP and PNP; as well as Filipinos employed by foreign-based employers. Now more than ever, Filipino workers will enjoy the benefits that are available only to Pag-IBIG members. Likewise, the law grants the HDMF exemption from tax payments like other government provident institutions. With its tax-exempt status reinstated, Pag-IBIG will have more funds to finance housing and short-term loans as well as investments in government securities.
Income from these endeavors is distributed exclusively to Pag-IBIG members in the form of dividends. The HDMF Law of 2009 also gives the Board of Trustees the authority to set the contribution rates, thereby paving the way for members to save more for their future. Similarly, this will bolster the Fund’s resources for home financing. Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno. To this day, the Pag-IBIG Fund continues to harness these four sectors of the society to work together owards providing Fund members with adequate housing through an effective savings scheme. III. Summary of the OJT Experience ~.. I learned a lot from my experiences as an On-the-Job Trainee of PAG-IBIG fund, Therma Mobile Inc. First of all, I’m very much gratified for the support and understanding of my superiors especially on times when I committed mistakes. More than any learning thought in school, I learned to be with others, to work with people. Furthermore, I’m very grateful that they expose me so much on what I must know regarding the work which suits my course.
I’m very thankful that they treat me like them and they trust me with my work. I appreciate so much the working environment I had with in the company because it helps me absorbed what I need to know.. The everyday experiences I had in this company are really most treasured. The knowledge I obtain here are beyond compare than any other experiences I acquired from school and supplementary learning from books. What I had here will always be with me and rest assured I will apply what I’ve in every circumstance that I will encounter.. IV. Assessment of the OJT
A. New knowledge, attitudes, and skills acquired -the knowledge that I’ve acquired on my On-the-Job Training is to become more specific from what I am saying because lots of clients may not understand the things that you explain to them and. -the attitudes that I’ve learned on my On-the-Job Training is to become consistent from what I’m telling and become strong in every struggle that may come and always smile when you are communicating your client and lastly don’t let others tread your personality and tell them that you are and educated person. I improve my typing skills and communication skills and also my analyzation skills because lots of clients are telling that they are member of Pag-Ibig before but they don’t have their own Pag-Ibig ID Number and some clients having conflicts with their names, birthdays, birthplace and it may bother them in filing their loan. B. Theories actually seen in practice ~.. As a new entrants into the organization, I’ve learned that new hires have always required extra organizational attention to develop the required level of competence. Regardless of academic background or previous work experience, the new hires should be aware of he organization’s policies, culture, and mission; understand the goals and requirements of their work area; and use specific areas of knowledge, skills, and attitudes to do their jobs. These are all areas of competence that the employee should develop. Recently, fewer organizations seem to be hiring large numbers of new hires. It might seem that employee competence would be affected less by this situation. However, recent hiring patterns have only complicated the matter. Instead of relying on permanent new hires.. C. Feedback that can be given to the company or institution ~..
Continuous Improvement Efforts that can changes in employee competence also occur as a result of continuous improvement efforts.. Whenever teams of employees get together to improve how the work is done, they often result in recommendations for change. These recommendations can involve the simplification of work, use of a new tool, eliminate redundant steps in work process, or some combination of them all. When these recommendations are enacted, changes in employee competence can be expected and also Multiskilling for them to continuous improvement process suggests ways of making work more ef? ient, it often means that employees responsibilities must broaden or that they must become more multiskilled.. D. Benefits gained The programme seeks to provide the following benefits for trainees: * Trainees are provided with job experience, an invaluable asset for achieving gainful employment. * Trainees are exposed to the numerous advantages that are associated with being employed. They earn an income through a stipend but they also become more familiar with interpersonal relationships, networking, responsibility and the importance of interdependence within the working environment. Trainees get an opportunity to prove themselves to an employer and, based on their work performance and the existence of vacancies within the organization, they may eventually be employed on a more permanent basis. For employers: * The cost of this mutually beneficial programme is borne jointly by the government and employers so that the full financial burden falls on neither party. * By actively supporting the programme, companies have realized improved ‘public image’ through their commitment to the national good as well as their contribution to full employment and an improved quality of life for all. The Government and employers are stakeholders in creating a more job ready labour force. E. Problems encountered ~.. During ojt, first problem is that you have to get along with the employees and clients.. You have to know them better and give all your best to make them satisfied when it comes to their concerns and applications.. Just be yourself and they’ll like you.. V. Appendices A. Company Brochure B. Copy of the Endorsement Letter To Whom It May Concern: I am writing to endorse to you Mr. Arce P. Baldonado, my previous employee. I was his manager in ABS Engineering Company for almost five years.
I didn’t make a mistake in promoting her to mechanical engineer last term. She makes it a point that she submits good outputs that even exceed the requirements’ necessitated quality. Mr. Baldonado is an enthusiastic trainee. He can work well with other people and also individually. But he is really more of a leader than a follower. He can manage and supervise other trainees as well. Little or no supervision is needed when he is working. He has a reliable working habit that gives you the assurance that you can always count on him.. Mr. Baldonado is also good in management planning and implementing programs and techniques.
He is also open and willing to learn new things. I assure you that hiring he will be a good decision as she is one of the best employees that I had. He could be an asset to your team and the whole organization as well. In cases of emergency, he is always willing to help.. Should you need more information, please feel free to contact me. Thank you very much and have a nice day. Sincerely, Febie Ann Management C. Copy of the Training Plan D. Copy of the signed Waiver form E. Daily Time Record F. Quarterly Performance Appraisal Forms G. Certificate of Completion