Employee Benefits [Thread 302]

Employee Benefits include any additional services or assistance an employer offers beyond salary or wages. Common Employee Benefits include paid vacation time; sick leave; personal leave; 401(k) plans; other retirement plans; health and dental insurance; and disability, life, or supplemental insurance. Some Employee Benefits are optional, but employers are required by law to supply others. Some of these laws are federal, while others vary from state to state, so it is necessary for employers to know the laws specific to their state to be certain that they are meeting all requirements.

Hi!

Here's a list of benefits that are normally required by government and/ or are popularly given out by companies worldwide, esp. in our country:

1. Allowances:

1.1 Operation Travel

1.2 Transportation

1.3 Meal

1.4 Housing

1.5 Car and related expenses

1.6 Leisure and entertainment

1.7 Representation

1.8 Clothing

1.9 Rice

2. Variable Bonus:

2.1 Productivity

2.2 Christmas (Winter)

2.3 Midyear (Summer)

2.4 13th Month pay

3. Health, Safety, and Security:

3.1 Life Insurance

3.2 Health/ Medical Insurance

3.3 Pension Plan

3.4 Accident Insurance

3.5 Social Security (required by law)

3.6 PAG-IBIG (mandatrory-for housing)

3.7 Philhealth (mandatory medical care law)

4. Loans:

4.1 Personal/ Cash Advance

4.2 Car

4.3 Housing

5. Leaves and Rest Days:

5.1 Service Incentive ( 5 days by labor law)

5.2 Paternity (7 days)

5.3 Maternity (60 days for normal; 72 days CS)

5.4 Sick (15 days)

5.5 Vacation (15 days)

5.6 Emergency (3-5 days)

5.7 Weekly Rest Day (1 day)

6. Special Benefits

6.1 Retirement

6.2 Death

6.3 Disability

6.4 Redundancy/ Severance

6.5 Night Shift Differential

6.6 Ovetime Premium Pay

6.7 Holiday Premium Pay

7. Others

7.1 Household Overhead Subsity

7.2 Children Educational Assistance

7.3 Product/ Merchandise Discount

7.4 Daily Newspaper

7.5 Monthly International Magazine

Best wishes,

Ed Llarena,Jr.

Managing Partner

Emilla Consulting

Hi fellows,
There is a need of studying Intrnational Human Resources Management as it is in Business.This will help Human Resources persons to move hand in hand with globalisation.
Also Human Resouces Information Technology is of great Imporance

hi dear
there is two type of compensation & benefits.
1. direct compensation
2.indirect compensation
direct compensation included :- Basic salary , House rent allowance , Medical reimbursement , special allowance, leave travel allowance , converyance allowance, bonus.
indirect compensaton included:- Leave policy , Over time policy . hospitalization , insurance , flexible time, gratuity policy , refreshment .
brgds
naeem bari