The employees are the heart and soul of every organization. As such, aside from the mandatory government benefits and contributions (SSS, Pag-ibig and Philhealth), businesses are compelled to provide a diverse range of benefits and services to guarantee their employees’ welfare and satisfaction. While this may cost a substantial increase in business expenses and may have an adverse impact on your bottom line, you could reap a lot of benefits by looking after your employees.
Why do you need to provide Employee Welfare and Fringe Benefits for your employees?
For Compliance
As a business owner, the Philippine law obliges you to contribute to the recognized Philippine Social Security System bodies (SSS, Pag-ibig and Philhealth) to diverge from labor-related cases.
For Recruitment and Retention
For any employee, the compensation package is an essential factor in accepting job offers. In order to have a leverage in the competition, an organization must provide a significant and competitive offer to retain and recruit first-string employees or lose them to companies with better offers.
For Better Employee Performance
Under-compensated employees are more likely to under-perform in their duties. Without any incentive or motivation to do their work, poor performance and laziness may brew and prevail in the workplace.
For a Positive Company Image
Through the aid of Social Media, word of mouth has become a powerful tool in gaining prestige and building a positive company image. Potential clients and customers alike may possibly stumble upon your company through their publicity resulting to improved sales and profits.
This learning session is a collection of comprehensive insights from highly-esteemed facilitators in the field of labor law. It will cover a broad overview of policies, information, elements and details that could be used to utilize benefits for better employee performance.
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