Did you know…
Government mandated benefits are not just a perk in the Philippines, but an essential component of the Filipino workforce’s welfare and a legal requirement for all employers to pay.
A Safety Net for Employees: These benefits create a safety net for workers, ensuring they have access to healthcare, housing, and retirement funds. It’s a commitment from employers to safeguard their employees’ future, reflecting a culture of care and responsibility.
Why It Matters: These benefits are a safety net to protect your employee’s health, housing, and even when they retire. Plus, it’s not just a nice to do; it’s the law for employers must provide these.
The Big Three:
* SSS: Think future-proofing employees with retirement and disability benefits. Employers chip in 9.5%, and employees add 4.5%.
* PhilHealth: Pretty self explanatory – Government supplied health system. Both employees and employers pay 4% of your salary.
* Pag-IBIG: This fund helps employees with home loans. Employees and employers each put in ₱100 if the employee earns over ₱1,500 monthly.
Who Gets It?: Pretty much everyone – from office to household workers, and even Filipinos working abroad.
The Bigger Picture: It’s not just about individual benefits. When everyone’s covered, it makes the whole workforce (and even the country) more stable and secure.
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