2020 | worldwide benefit & employment guidelines sample · 2020. 4. 1. · benefits section 1....

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2020 | worldwide benefit & employment guidelines

SampleBenefit provisions are often driven by the statutory requirements imposed by government entities. Ensure you stay ahead of the tide and provide the right level of coverage for your employees.

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Global Parental Leave

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Incentives Around the World

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The Design of Work

Vacation and Other Leave Policies

Worldwide Benefit & Employment Guidelines

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https://www.imercer.com/ecommerce/products/Global-Compensation-Planning-Report



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https://www.imercer.com/ecommerce/products/Severance-Pay-Policies-Around-the-World



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https://www.imercer.com/ecommerce/products/Vacation-and-Other-Leave-Policies-Around-the-World



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https://www.imercer.com/ecommerce/products/Workforce-Metrics-Around-the-World



https://www.imercer.com/ecommerce/products/Workforce-Turnover-around-the-World



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Introduction

Whether you operate in two countries or 20, staying competitive through the creation of effective, attractive, and statutorily correct benefit plans remains a challenge. You need to keep track of constantly evolving benefit laws and regulations, as well as understand employment conditions and statutory and typical benefits.

Mercer’s Worldwide Benefit & Employment Guidelines (WBEG) helps you meet these challenges by providing access to current, reliable information on:

• Statutory employee benefits

• Typical employer benefit practices

• Overall employment conditions

Our global network of country experts gather and interpret current information, offering in-depth data of unparalleled quality for 77 markets around the world.

©2020 Mercer LLC. 3 Worldwide Benefit & Employment Guidelines

Sample

The 2020 Worldwide Benefit & Employment Guidelines publication provides actionable information on statutory benefits, typical employer practice, and employment conditions across major world markets. Created with the human resources professional in mind, this report offers critical, up-to-date data to assist companies interested in forecasting, preparing for, and managing the revolving door of talent around the world.

Report structureThis report includes the following sections:

Benefits

• Social security

• Retirement benefits

• Death benefits

• Disability benefits

• Medical benefits

• Maternity/paternity/parental benefits

• Social benefits

• Perquisites and allowances

• Flexible benefits program

Employment conditions• Severance conditions and termination

indemnities

• Working time

• Conditions of entry and residence

• Contract of employment

• Occupational health and safety

• Industrial relations


Sample

Market overview

Economic environment

2018 2019 2020

GDP growth 6.8% 6.1% 7.0%

Inflation 3.4% 3.4% 4.1%

Unemployment 2.6% 2.6% 2.6%

Market demographics

Population size in thousands Gender ratio: male Gender ratio: female

Total population, 2019 1,368,738 52% 48%

Working age range population (15–64),2019

912,091 52% 48%

Economically active population (15–64),2019

494,259 78% 22%

Note: Population size is in thousands.

Source: GDP growth and inflation: International Monetary Fund, World Economic Outlook Database, October 2019; unemployment: International Labour Organization, World Employment andSocial Outlook Trends, February 2019; population: calculations based on ILO modeled estimates, ILOSTAT database, extracted October 2019.


Sample

Reading this report

DefinitionsAFP Administradoras de Fondos de Pensiones, or Private

Pension Fund ManagerCEPF Confederación de Empresarios Privados de Bolivia

CNS Caja Nacional de Salud, the National Health Fund COB Central Obrera Boliviana

SSO Mandatory Social Security TGN General Treasury of Nation


Sample

Contact details

Local Mercer officesLocationAddress 1Address 2Address 3Tel: +12 345 678 910


Sample

Contributors

Role Contact

Local contributor Name

MCG reviewer Name

Project managers Deb Rath

Sally Shaw


Sample

Benefits section

1. Social security

General description of social securityLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

2. Retirement benefits

OverviewEffective date: April 1, 2020

Prevalence Contributions Salary ceiling

Employer(% of base salary)

Employee(% of base salary)

(local currency)

Statutory requirement,retirement, death & disability

Duis aute irure dolor inreprehenderit.

Duis aute irure dolor inreprehenderit.

Lorem ipsum dolor sit amet,consectetur.

Lorem ipsum dolor sit amet,consectetur adipiscing.

Supplemental provision, all plans Lorem ipsum dolor sit amet,consectetur.

Supplemental provision, DB plans Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.

Supplemental provision, DC plans Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.

Source: Mercer Benefits Monitor — All Industry, January 2020.


Sample

Recent legislation approved and proposed

HR area Effective date New law Action required

Retirement Lorem ipsum Lorem ipsum dolor sit amet, consectetur. Lorem ipsum dolor sit amet, consectetur.

Retirement Lorem ipsum Lorem ipsum dolor sit amet, consectetur. Consectetur adipiscing elit, sed do eiusmod.

Retirement Lorem ipsum Ut enim ad minim veniam, quis nostrudexercitation pariatur.

Trends

Benefit Summary Reasons for trend

Retirement Lorem ipsum dolor sit amet, consectetur adipiscing elit, seddo eiusmod.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, seddo eiusmod.

Retirement Lorem ipsum dolor sit amet, consectetur adipiscing elit, seddo eiusmod tempor incididunt ut labore et dolore magnaaliqua.

Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat.


Sample

Statutory requirements

Retirement benefits statutory

Name of statutory retirementscheme

Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Type of plan Ut enim ad minim veniam.

Eligibility Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Normal retirement age Lorem ipsum dolor sit amet.

Pensionable earnings Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Final pensionable earnings Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Pensionable service Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Conditions for receiving benefits Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Normal retirement benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Form of payment Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Early retirement age & eligibilityconditions

Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Early retirement benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Late retirement age & eligibilityconditions

Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Retirement benefits statutory

Late retirement benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Pension increases Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employee contributions Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Employer contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Other comments Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Sample

Supplemental/typical benefitsWhy companies supplement statutory requirementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Typical supplementary benefits arrangementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Defined benefit

Defined benefit plan supplemental

Prevalence Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Defined contribution

Defined contribution plan supplemental

Prevalence Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Plan sponsor Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Name of plan Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Governing documentation Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.


Normal retirement age Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Sample


Contributory earnings Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Conditions for receiving benefits Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Normal retirement benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Form of payment Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Pension increases Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Disability benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Death-in-service benefits —survivor and/or lump-sumbenefits

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Death after retirement benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Leaving service benefits & vestingprovisions


Employee contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Financing methods Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Employee investment choice Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Hybrid alternatives Excepteur sint occaecat cupidatat.


Sample


Taxation of contributions Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Taxation of benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Sample

3. Death benefits






(local currency)

Statutory requirement,retirement, death,

disability

Lorem ipsum Lorem ipsum Lorem ipsum Lorem ipsum dolor sit amet,consectetur adipiscing elit.

Supplemental provision, lifeinsurance

Lorem ipsum Lorem ipsum Lorem ipsum

Supplemental provision,accidental death

& disability

Lorem ipsum Full cost of plan. None.

Supplemental provision, businesstravel

Insurance

Lorem ipsum Lorem ipsum Lorem ipsum


Sample


None Lorem ipsum

Trends


Death Lorem ipsum dolor sit amet, consectetur adipiscing elit. Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Death Lorem ipsum dolor sit amet, consectetur adipiscing elit, seddo eiusmod tempor incididunt ut labore et dolore magnaaliqua.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, seddo eiusmod tempor incididunt ut labore et dolore magnaaliqua.

AD&D Excepteur sint occaecat cupidatat non proident, sunt inculpa qui officia deserunt mollit anim id est laborum.

Duis aute irure dolor in reprehenderit in voluptate velit essecillum dolore eu fugiat nulla pariatur.



Sample


Death benefits statutory


Conditions for receiving benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Benefits description Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Work-related benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Employee contributions Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.

Employer contributions Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Supplemental/typical benefitsWhy companies supplement statutory requirementsExcepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Typical supplementary benefits arrangementsExcepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Death benefits

Death benefits supplemental

Prevalence Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Is this part of another plan Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Retirees covered Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.





Benefits insured Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Overall description of planfinancing



Sample

Death benefits supplemental

Taxation of contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.


Other comments Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Accidental death & dismemberment

Accidental death & dismemberment (AD&D) supplemental

Prevalence Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.








Benefits insured Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.


Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.


Sample

Accidental death & dismemberment (AD&D) supplemental


Taxation of benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

4. Disability benefits


Lorem ipsum dolor sit amet.




(local currency)

Statutory requirement Lorem ipsum Lorem ipsum dolor sit amet,consectetur adipiscing.

Lorem ipsum dolor sit amet,consectetur laborum.

Officia deserunt mollit anim id estlaborum.

Supplemental provision, short-term

Lorem ipsum Lorem ipsum dolor sit amet,consectetur.


Lorem ipsum dolor sit amet,consectetu laborum.

Supplemental provision, long-term


Lorem ipsum dolor sit amet,consectetur adipiscing elit.




Lorem ipsum Lorem ipsum dolor sit amet, consecteturadipiscing elit.

Trends


Lorem ipsum Lorem ipsum dolor sit amet.


Sample


Short-term disability benefits

Short-term disability benefits statutory


Period of disablement beforebenefits begin



Definition of disablement Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.



Employee contributions Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Long-term disability benefits

Long-term disability benefits statutory

Eligibility Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.




Sample

Long-term disability benefits statutory

Conditions for receiving benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut.

Definition of disablement Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Work-related benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employee contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod .



Sample

Supplemental/typical benefitsWhy companies supplement statutory requirementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat.

Typical supplementary benefits arrangementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Short-term disability

Short-term disability benefits supplemental


Is this part of another plan Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Sunt in culpa qui officiadeserunt mollit anim id est laborum.

Eligibility Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.



Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit involuptate velit esse cillum dolore eu fugiat nulla pariatur.


Definition of disablement Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Benefits description Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Short-term disability benefits supplemental

Employee contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Employer contributions Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.

Benefits insured Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.




Taxation of benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Long-term disability

Long-term disability benefits supplemental

Prevalence Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Is this part of another plan Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.


Retirees covered Lorem ipsum dolor sit amet, consectetur adipiscing elit.


Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.


Sample

Long-term disability benefits supplemental


Definition of disablement Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Benefits description Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.



Benefits insured Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.


Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt.


Taxation of benefits Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.


Sample

5. Medical benefits






(local currency)

Statutory requirement,retirement, death, disability


Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.

Supplemental provision, medical Lorem ipsum Mollit anim id est laborum. Lorem ipsum dolor sit amet.

Supplemental provision, dental Lorem ipsum Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.

Supplemental provision, vision Lorem ipsum Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.




Trends


Lorem ipsum Lorem ipsum dolor sit amet.


Sample


Medical benefits statutory




• Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

• Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur..


Dependent coverage Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.




Sample


Typical supplementary benefits arrangementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat.

Medical benefits

Medical benefits supplemental

Prevalence Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.


Eligibility Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Excepteur sint occaecatcupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Conditions for receiving benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Dependent coverage Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.

Coinsurance/co-payment Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.


Sample

Medical benefits supplemental

Individual/family deductibles Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Annual/lifetime maximum Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Exclusions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.



Benefits insured . Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderitin voluptate velit esse cillum dolore eu fugiat nulla pariatur.






Sample

6. Maternity, paternity, parental benefits

Overview

Statutory leave requirements

Statutory leave Amount paid Funding

Maternity Lorem ipsum dolor sit amet, consecteturadipiscing elit.

Lorem ipsum dolor sit amet, consecteturadipiscing elit.

Lorem ipsum dolor sit amet, consecteturadipiscing.

Paternity Lorem ipsum dolor sit amet, consecteturadipiscing elit.


Lorem ipsum dolor sit amet, elit, sed doeiusmod tempor incididunt ut.

Parental Lorem ipsum dolor sit amet, consecteturadipiscing elit.


Lorem ipsum dolor sit amet, consecteturadipiscing incididunt ut labore et doloremagna aliqua.

Adoption Lorem ipsum dolor sit amet, consecteturadipiscing elit.

Lorem ipsum dolor sit amet, consecteturadipiscing elit deserunt mollit anim id estlaborum.

Lorem ipsum dolor sit amet, consecteturadipiscing.

Supplemental provision

Prevalence

Supplemental provision, maternity Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Supplemental provision, paternity Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Supplemental provision, parental Lorem ipsum dolor sit amet, consectetur adipiscing elit.


Sample




Trends


Lorem ipsum dolor sit amet, consectetur adipiscing elit. Lorem ipsum dolor sit amet, consectetur adipiscing elit.



Sample


Maternity

Maternity benefits statutory

Conditions for receiving benefits Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Paternity

Paternity benefits statutory

Benefits description Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, suntin culpa qui officia deserunt mollit anim id est laborum.

Parental

Parental benefits statutory

Benefits description Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minimveniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Family allowances

Family allowances statutory



Sample


Typical supplementary benefits arrangementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Maternity

Maternity leave supplemental


Paternity

Paternity leave supplemental


Parental

Parental leave supplemental



Sample

7. Social benefits

Overview




(local currency)

Unemployment Lorem ipsum dolor sit amet.




Trends


Lorem ipsum Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Unemployment

Unemployment benefits

Eligibility Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.


Sample

Unemployment benefits

Conditions for receiving benefits Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nullapariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deseruntmollit anim id est laborum.

Benefits description Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollitanim id est laborum.

Other social benefits

Other social benefits

Benefits description Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitationullamco laboris nisi ut aliquip ex ea commodo consequat.


Sample

8. Perquisites & allowances

Overview

Perquisites & allowances

Employee loans Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.

Car & transportation benefits Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor.

Education Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.

Meal allowances/subsidized eating facilities Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nullapariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deseruntmollit anim id est laborum.

Housing, company provided or allowances Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.

Service awards Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollitanim id est laborum.

Mobile phones Lorem ipsum dolor sit amet, consectetur adipiscing sunt in culpa qui officia deserunt mollitanim id est laborum.

Recognition awards Lorem ipsum dolor sit amet, sunt in culpa qui officia deserunt mollit anim id est laborum.

Onsite daycare Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nullapariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deseruntmollit anim id est laborum.

Savings plans Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nullapariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deseruntmollit anim id est laborum.


Sample

Perquisites & allowances

Other perquisites & allowances Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollitanim id est laborum.

Taxation

Taxation of perquisites & allowances

Taxation of contributions Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.

Taxation of perquisites and allowances Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.


Sample

9. Flexible benefits program

Overview

Flexible benefits

Prevalence Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididuntut labore et dolore magna aliqua.


Sample


Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet.



Employment conditions

1. Severance conditions & termination indemnities



Individual terminationOverview of individual termination and severance policy

Company notice period Involuntary termination of service

Length of service Period of notice Amount paid

Note: Lorem ipsum dolor sit amet.

Definition and conditions of fair and unfair terminationLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employee notice periodLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Pay-in-lieu of notice permittedLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Other requirementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.The employer should issue a charge sheet and, if necessary, hold a domestic enquiry into the charges against the worker.

Benefits paid on involuntary termination of service

Notice pay and retrenchment compensation

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.The employer should issue a charge sheet and, if necessary, hold a domestic enquiry into the charges against the worker.

Statutory bonus

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non

Company notice period


Sample

Description of financingLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Collective dismissalDefinition and conditions of collective dismissalLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Company notice periodLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Pay-in-lieu of notice permittedLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Other requirementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Benefits paid on collective dismissal



Sample

Description of financingLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Minimum wage Lorem ipsum dolor sit amet, consectetur. Lorem ipsum dolor sit amet, consecteturadipiscing elit, sed do eiusmod tempor.

Overtime Lorem ipsum dolor sit amet, consecteturadipiscing elit.

Lorem ipsum dolor sit amet, consecteturadipiscing elit ut labore et dolore magnaaliqua.

2. Working time



Working hoursLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum:

OvertimeLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Night workLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Rest periodsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Lorem ipsum Lorem ipsum

Annual vacation & leaveMandatory vacation entitlement

Length of service Minimum statutory vacation

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat:

• Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat.

• Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollitanim id est laborum.

Supplemental vacation providedLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Options for carry-forward of unused vacation daysLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Vacation bonusLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Mandatory public holidays entitlementLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco


Sample

Holiday January 14 January 13 January 14

Holiday August 29 August 19 August 29

Holiday October 2 October 2 October 2

Holiday October 25 October 15 October 25

Holiday November 14 November 4 November 14

Holiday November 30 November 19 November 30

Holiday December 25 December 25 December 25

laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

National holidays across India include the following:

Public holiday 2020 2021 2022

Notes: Some of these holidays may fall on a Saturday or Sunday.

Source: www.timeanddate.com

Supplementary public holidays providedLorem ipsum dolor sit amet, consectetur adipiscing elit.

Sick leaveLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Maternity leaveSee Benefits, section 6.


Sample

http://www.timeanddate.com

Paternity leaveSee Benefits, section 6.

Parental leaveSee Benefits, section 6.

Bereavement leaveLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Miscellaneous paid leaveLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Miscellaneous unpaid leaveLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample



3. Conditions of entry & residence



Conditions of entryLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

VisasLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employment of expatriatesWork and residence permitsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample


4. Contract of employment



Recruitment legislationLorem ipsum dolor sit amet.

Pay legislationMinimum wageLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Contract of employment: general characteristicsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

ContentsAppointment lettersLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Collective agreementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Types of contractsPermanent contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Temporary or fixed-term contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Casual contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Part-time employeesLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Trainee or apprenticeLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

DurationPermanent contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Temporary or fixed-term contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Trial periodLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Invalid contractsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Obligations of the partiesEmployer obligationsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non

proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employee obligationsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet. Lorem ipsum dolor sit amet, consecteturadipiscing elit, sed do eiusmod temporincididunt ut labore et dolore magna aliqua.

5. Occupational health & safety



Measures of occupation health and safetyLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magnaaliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum doloreeu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Rules and implementationLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

WomenLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Young personsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamcolaboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat nonproident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Lorem ipsum Lorem ipsum Lorem ipsum dolor sit amet, consecteturadipiscing elit, sed do eiusmod temporincididunt ut labore et dolore magna aliqua.

Lorem ipsum Lorem ipsum Duis aute irure dolor in reprehenderit involuptate velit esse cillum dolore eu fugiatnulla pariatur.

6. Industrial relations



Social partnersLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employer organizationsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Employee organizationsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Collective agreementsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non.


Sample

Industrial actionLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Strikes and lockoutsLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.


Sample

Data collectionThe Talent All Access® team coordinates sources across all lines of Mercer’s business in each local market. Where Mercer does not have a physical presence, local vendors are engaged to ensure a thorough review and update is conducted. Over 150 subject matter experts are involved in this update.

Mercer’s Multinational Client Group (MCG) then reviews the content as a final verification.

The 2020 edition includes information on the economic environment: gross domestic product (GDP), inflation, and unemployment economic data for 2018, 2019, and 2020. Also provided are details of the composition of the total population, working age, and economically active groups. All population data presented as part of the economic environment for each country are reported in thousands.

This section provides information on the methods of collecting and collating data for this publication. You will also find a glossary of key terms.

Methodology


Sample

Economic market

Gross domestic product (GDP)The output of goods and services produced by labor and property. GDP has five main components: private consumption expenditure, fixed capital formation, increase in stocks, government consumption expenditure, and the net of exports of goods and services less imports of goods and services. The GDP data in this report refers to percentage change over the previous year’s GDP, at a constant price.

InflationA term that refers to increases in prices for a constant market basket of goods. It is the average annual change in the consumer price index, which may differ from end-of-year figures. The cause of inflation is a general increase in the money supply, without a corresponding increase in the amount of goods and services available.

Unemployment rateThe percentage of economically active persons wholly unemployed or temporarily laid off. Unemployment generally comprises all persons above a specified age who, during the reference period, were without work, currently available for work, and seeking work. National definitions of employment and unemployment differ from country to country.

Labor market

Total populationThe total population comprises persons of all ages who were living in the country during a specified time-reference period, regardless of residency status or citizenship. The population size is provided in thousands.

Working age population The working age population comprises all persons above a specified minimum age threshold for which an inquiry on economic activity is made. For purposes of this report, the working age population is defined as persons aged 15 to 64 years. The actual working age varies from country to country. The population size is provided in thousands.

Economically active populationEconomically active population comprises all persons of either sex who furnish the supply of labor for the production of economic goods and services during a specified time-reference period. The population size is provided in thousands.

Glossary

Benefits definitions

Accidental death and dismemberment (AD&D) coverageInsurance protection that pays out upon the insured’s death, if death is the result of an accident. AD&D also provides benefits for the accidental loss of hands, feet, sight, speech, or hearing.

Account-based pensionA defined contribution (DC) retirement account that is drawn down regularly for “pension payments.” The pension ceases when the account balance runs out. The individual must draw down a mandatory minimum amount each year, depending on age.

Acquired rightsThe legal notion that once an employer provides an employee with a benefit on a regular basis, there is a contractual agreement between the employer and the employee to continue to provide that benefit.

Actuarial valuationValuation by an actuary to determine benefit liability and test future funding or current solvency of the value of the pension fund’s assets with its liabilities.


Sample

Glossary

BeneficiaryA person or legal entity designated as the recipient of any benefits provided by life insurance and/or an accidental death and dismemberment plan or from a benefactor.

Bereavement leavePaid time off to which an employee is entitled for the death of a close relative. Book reserve plan: A retirement arrangement funded through allocations on a company’s balance sheet.

Cap • The total incentive opportunity a sales representative

can earn in a given period.

• A cap on other pay elements (for example, an expatriate allowance). Also known as a maximum, lid or ceiling.

Childcare leaveLeave for female and male employees who take care of their child; it is provided after maternity leave.

Childcare supportThe support provided by an organization in various ways to look after dependent children.

Christmas bonusThe annual guaranteed bonus associated with Christmas.

Christmas bonusThe annual guaranteed bonus associated with Christmas.

ClaimA demand to the insurer by, or on behalf of, the insured person for benefit payment under a policy. Although medical billing personnel process many claims, sometimes the individual may need to make direct payments to the medical provider and be reimbursed by the policy.

Claims baseActual incurred claims for the employee base during the previous two- or three-year period under the same benefits plan.

Claims fiduciaryA fee assessed to a client by the insurance company to take on a liability for them. A fiduciary relationship field exists when a self-funded client hires an insurance firm to control its claims. The client uses the insurance company’s specialized skill of processing health insurance claims.

Claims reviewReview of claims by government, medical foundations, professional standards review organizations (PSROs), insurers, or others responsible for payment to determine liability and payment amount. The review may include determination of the claimant’s eligibility; of the provider’s eligibility so the benefit is covered; that the benefit is not payable under another policy; and that the benefit was necessary and of reasonable cost and quality.

Claims sharingA payment method that involves the employer and employee paying a set portion of the bill in terms of a percentage or a fixed amount.

Clothing allowance

The annual guaranteed cash allowance for uniform- or other dress-related expenses.

Club subscription

An annual subscription fee for golf club or equivalent membership.

Coefficient of determination

The proportion of variation in the dependent variable that can be attributed to the relationship with another variable or a combination of variables. It has values between 0.0 and 1.0. For simple linear regression, it has a value equal to the square of the correlation coefficient.

Coinsurance

An arrangement under which the covered person pays a fixed percentage of the cost of medical care after the deductible has been paid. For example, an insurance plan might pay 80% of the allowable charge, with the insured individual responsible for the remaining 20% (the coinsurance amount).

Collective bargaining agreement

An agreement between employee groups and employers that details work conditions, including work hours, vacation and holiday entitlements, termination of service provisions, and sometimes benefit entitlements. These agreements may be specific to one company or industry or apply nationally.


Sample

Glossary

Company car

A car provided to an employee on the basis of status, not job need. It is a benefit only for employees who can use company cars for private use on an ongoing basis.

Compensation

Cash and noncash remuneration provided by an employer to an employee for services rendered.

Compressed work week

An alternative work schedule, such as four 10-hour days or more complicated rotations that produces extended “weekends.”

Consumer price index (CPI)

A statistical indicator of the cost of living published by an official government statistical agency, measuring the changes in prices of a fixed market basket of goods and services purchased by a hypothetical family; it usually includes housing and education costs (except where education is mostly financed by the government).

Contracted salary

The salary stated in a labor contract.

Contributory plan

A group insurance plan issued to an employer under which both the employer and employee contribute to the plan’s cost.

Cost-of-living adjustment

An across-the-board wage and salary increase or supplemental payment designed to bring pay in line with increases in the cost of living to maintain real purchasing power.

Covered wages

The amount of employee wages or salaries used to determine corresponding benefit amounts (for example, pension calculations are usually based on salary and normally do not include variable compensation such as bonuses).

Critical illness coverage

Coverage that pays living benefits upon the diagnosis of a critical illness regardless of treatment, actual expenses, or other insurance coverage.

Death-in-service lump-sum

A payment covering death due to any cause, which is provided to the spouse, registered civil partner, or family, depending on the country and plan rules.

Death-in-service pension

A pension covering death due to any cause, typically as a provision of a defined benefit (DB) plan. Post-retirement death is usually in the retirement plan value (built into the annuity factor). This pension, provided to the spouse or a registered civil partner, depends on the country and plan rules. Actual payout may be as a pension or lump-sum equivalent.

Deductible

The amount of eligible expenses that must be incurred and paid by an insured member before benefits become payable. It is a special cost-containment measure, wherein the claim is not payable up to a certain amount mentioned in the policy.

Defined benefit (DB) plan

A retirement plan where employee benefits are allocated based on a formula, using factors such as salary history and employment duration. It does not specify the level or rate of employer contributions; contributions are determined actuarially on the basis of benefits expected to become payable. The plan promises the participant a specific monthly benefit at retirement; the benefit may be accrued as a lump-sum (one large payment converted to pension at retirement) or pension. There may be additional employee contributions, depending on country-specific legislation and plan design. The employer makes contributions to fund future benefits, with risks (investment, salary increases, inflation) transferred to the employer.

Defined contribution (DC) plan

A retirement plan where a certain amount or percentage of money is set aside each year by a company for the benefit of the employee. It provides an individual account for each participant, with benefits based on the amount contributed into the plan, income, expenses, gains, and losses. The ultimate benefit is the accumulated value of the contributions paid by both the employer and employee. A DC plan with benefit at retirement age is equal to the accumulated contribution plus interest or a fixed formula benefit, whichever benefit is higher. At retirement, the employee converts collected funds into a life pension. The plan guarantees the contribution amount (fixed amount or percentage of salary), not the benefit level (which is


Sample

Glossary

a function of the total contribution and rate of return on accumulated capital). The contribution amount may vary depending on different factors (age, level, service), country-specific legislation, and plan construction. It transfers the risks (investment, inflation) to the employee.

Dependent coverage

Coverage extended to the spouse and dependent children of the insured head of a family.

Disablement

Inability to work due to a substantial physical, intellectual, or psychiatric impairment.

Earnings

Total wages or cash received during a specified period (for example, pay period, month, year) for time worked or service rendered, including all regular pay, overtime, premium pay, bonuses, and so on.

Effective date

• The date on which a benefit plan or insurance policy takes effect, and from which time coverage is provided.

• The date on which increases in salary or pay rate take effect.

Eligibility for plan

The basis for determining the individuals or employee classes eligible to participate in a particular plan, such as an incentive or supplemental benefit plan. The employer may base this eligibility on salary, job grade, organization unit or function, or a number of other criteria.

Expatriate

An employee assigned to live and work outside the home or base country temporarily (usually for one-to-five years), other than for a short-term assignment or permanent transfer. Also known as a foreign-service employee or international assignee.

Family (care) leave

Time off, either paid or unpaid, provided to employees (male or female) to care for their own serious medical condition or a seriously ill family member, new baby, or adopted child. Family leave policies are usually broader than parental leave policies.

Flexible benefits

A program where employees choose, within limits, the benefits provided by the employer. It follows the idea that individual employees have a better understanding of their benefit needs than the employer does.

Flexible benefits component

A noncash option to which employees can choose to allocate before and/or after-tax salary. Employees typically take these items as salary sacrifices, which reduce taxable salary — and, hence, pay-as-you-go (PAYG) tax — as shown on the payment summary. Some items are subject to fringe benefit tax (FBT).

Health insurance

A plan that covers or shares the expenses associated with healthcare. It covers expenses for sickness or injury, including insurance for losses from accident, disability, medical expense, or accidental death and dismemberment (AD&D).

Holidays

Specific days when most employees do not work but are paid as if they did. Employees who work on such days typically receive premium pay or compensatory time off. The number of paid holidays granted by employers varies considerably by industry and, to a lesser extent, by geographic region.

Hospitalization coverage

Expenses on hospitalization for a minimum period of 24 hours, which are admissible under a policy. This time limit does not apply to specific treatments defined under day-care treatment in a hospital or nursing home.

Hybrid benefit plan

A mixture of defined benefit (DB) and defined contribution (DC) features in a single plan. Companies may provide DB plans to existing employees and DC plans for new hires (in effect, two separate plans) under retirement benefits. Examples include:

• A DC plan that provides a guaranteed minimum DB payment upon retirement.

• A DC plan with benefit at retirement age equal to accumulated contributions plus interest or a fixed formula benefit, whichever benefit is higher.

Inclusions

Expenses on hospitalization for a minimum period of 24 hours, which are admissible under a policy. This time limit does not apply to specific treatments defined under day-care treatment in a hospital or nursing home.


Sample

Glossary

Inpatient

An individual admitted to a hospital as a registered bed patient for treatment by a physician for at least 24 hours.

Installment vesting

A characteristic of some retirement plans by which employees’ matching contributions are exercisable in a series of successive installments. Vesting occurs over a period, typically three-to-five years.

Integration of benefits

In the context of retirement plans, a coordination of plan benefits or contributions with social security. Integration allows more benefits or contributions for higher-paid employees due to the fact that, once they retire, a smaller percentage of their pre-retirement earnings will be paid by social security.

Involuntary terminations

The number of employees dismissed by a company during the 12-month period of the most recently ended calendar year. It includes only full- or part-time permanent staff; it does not include contract or casual staff.

Lockout

A temporary company shutdown by the employer, or a situation whereby the employer bans a number of employees from reaching their workplace, with the aim of forcing employees and the union to abandon their claims and demands.

Long-term care (LTC)

Assistance provided to employees or their family members who are unable to provide for themselves as the result of a disability or prolonged illness. Unlike other healthcare benefits, LTC premiums can be payable from the employee’s cheque only on an after-tax basis, with the premium waived while the employee is receiving benefits. The premiums increase with age. LTC involves custodial care given at home or in a nursing home for people with chronic disabilities and lengthy illnesses.

Long-term disability (LTD) coverage

Coverage that protects employees from catastrophic illness or injury that permanently disables the employee from any kind of employment. Benefits may take the form of a pension or lump-sum.

Lump-sum payment

The delivery of a compensation element, such as a mobility premium, paid in one (or more) sum(s), as compared to a foreign-service premium, which is typically paid on an ongoing basis throughout the assignment. Payment of more than one component of expatriate-related compensation without separate identification of the components.

Mandatory practice

The benefits provided by social security or mandatory employer-sponsored plans.

Mandatory termination indemnity

A lump-sum payment that must be made by the company (or that has been prefunded by the company, possibly through an outside agency other than social security) when an employee retires.

Maternity and pre-/post-natal care

Preventive care programs for female employees that provide health coaching and improve awareness for managing maternity and labor.

Maternity benefit

The treatment taken in a hospital arising from, or traceable to, pregnancy and childbirth.

Maternity leave

A leave of absence for female employees before and after childbirth.

Meal allowance

An annual guaranteed cash allowance for subsidized meals or luncheon vouchers.

Median

The middle item in a set of ranked data points containing an odd number of items. When an even number of items are ranked, the median is the average of the two middle items. Also known as the 50th percentile.


Sample

Glossary

Medical insurance

Insurance that can cover costs of hospitalization, outpatient, surgery, and others; it is a supplemental insurance in addition to statutory health insurance.

Normal retirement age (NRA)

The age at which a person may first become entitled to full or unreduced benefits based on age.

Outpatient

A provision for coverage for employees’ outpatient visits to general practitioners (GPs) and specialists. An individual who receives healthcare services on an outpatient basis and does not stay overnight in a hospital or inpatient facility. Services provided to an individual who is admitted to a hospital or clinic for treatment that does not require an overnight stay.

Overtime pay

A payment for work outside ordinary work hours or for time worked in excess of standard hours during the reporting period.

Overtime pay

A payment for work outside ordinary work hours or for time worked in excess of standard hours during the reporting period.

Part-time employee

An employee who may be hired for jobs other than skilled or unskilled, manual or clerical, for any period as per the terms agreed between the parties.

Paternity leave

A leave of absence for male employees after childbirth.

Pay as you go (PAYG)

A system whereby businesses and individuals can pay installments of expected tax liability on income from employment, business or investment for the current income year.

Pension

A sum of money paid as a series of regular payments to an individual as a retirement benefit.

Permanent employee

An employee engaged in work of a permanent nature likely to last for more than nine months and who should have satisfactorily completed a probationary period of three or six months.

Perquisite

A benefit or “perk” tied to a specific key or management level job (for example, a company car for personal use, free meals, financial counseling, or use of company facilities). A perk’s status value often exceeds its financial value. It is an incident payment, privilege, or advantage over and above the regular income, salary or wages.

Plan document

The document governing the benefit plan, and defining the benefits provided by the plan and the rules for administering it. It is a legal document, so the plan terms are binding, and usually lengthy and difficult to read.

Point of origin

The city/country of primary residence in the expatriate’s home country prior to the assignment; the location to which the company agrees to return the assignee for home leave and at repatriation.

Premium

• The extra pay, beyond the base wage rate for work performed outside or beyond regularly scheduled work periods (for example, Sundays, holidays, weekends, night shifts). Also known as a differential.

• The extra pay for high-demand knowledge or skills. Also known as a differential.

• In an international context, an incentive paid to expatriates for undertaking a foreign assignment; it is typically 10%–20% of base pay and continues month to month for as long as an employee is an expatriate.

• In a benefits context, the amount paid to a health plan or insurance company by an employer or beneficiary for health insurance coverage; it can be a flat monthly or quarterly fee.

Probation period

An evaluation period for newly hired employees. It is usually the first three or six months of employment (as per company policy), during which an employment contract can be terminated by either party with prior notice.

Probationary contract

A contract for employees provisionally hired to fill a permanent vacancy and who have not completed a probationary period of three months.


Sample

Glossary

Provident fund

A fund that pays benefits to employees who are fund members upon termination of their employment.

Public holiday

A statutory and local public holiday at the place of work in addition to holidays.

Reimbursement

A payment that compensates the employee exactly for all or an agreed part of an expense already incurred (for example, kilometer reimbursement while traveling for business), although not necessarily disbursed. The employer considers the expense to be its own, and the employee incurs the expenditure on behalf of the employer.

Remuneration

A term interchangeable with compensation, relating to all monies, perquisites, and benefits delivered to an employee in exchange for services.

Retrenchment

The process of terminating workers’ employment contracts to reduce the costs of running a business or organization. The employees generally receive financial compensation according to law or per a formula decided by the company.

Rider

A clause that indicates whether a benefit is financed as part of another policy (for example, a dental benefit may be a rider to a medical plan).

Severance amount

The money in addition to wages and any other money an employer owes employees when their employment ends, such as through a mass layoff.

Severance/benefits continuation

Continuation of an employee’s salary after termination, paid either in a lump-sum or on a continuation basis. The amount is usually on the basis of the employee’s length of service. Benefits continuation may be part of a severance package to provide continued coverage under the medical or other benefit plans for the employee and/or dependents for a period after termination.

Severance pay

The average pay and benefits package given to employees who left the organization during the 12-month period of the most recently ended calendar year. It includes all the necessary payments, such as leave entitlement, medical continuity benefits, and so on.

Short-term disability (STD) coverage

An insurance that covers a percentage of an employee’s lost salary in the event of a temporary injury or illness that can last for a few weeks.

Sick leave

Paid time-off for employees suffering from illness or nonoccupational injury. The employer usually coordinates or integrates it with short-term disability (STD) plans.

Social security

The comprehensive federal program of benefits providing workers and their dependents with retirement income, disability income, and other payments, funded by social security tax.

Statutory requirement

A provision or law enacted, regulated, or authorized by a legislative body.

Step-rate formula

The method for determining a benefit on compensation above the social security integration level in a defined benefit (DB) plan.

Strike

A “turn out” or cessation of work organized by employees in any industry, acting in combination, to protect their professional and economic interests. Partial stoppages of work, hunger strikes accompanied with cessation of work, sit-ins, and “pen-down” strikes all fall within the definition of strike.

Superannuation

A monthly payment to an individual who has retired from work. An organizational pension program created by a company for the benefit of its employees, whereby employees have the option of contributing a certain amount towards their pension payment.


Sample

Glossary

Supplemental plan

A plan serving as a supplement or addition to a basic plan. Also known as an ancillary plan or voluntary plan.

Term life insurance

A renewable life insurance contract that specifies beginning and ending dates for coverage and has no cash value at termination. It provides financial protection to an employee’s dependents against the employee’s loss of life due to any cause (natural, accidental, or otherwise) to the extent of the sum assured and opted for by the company.

Termination

The act of ending an employee’s employment for any reason.

Termination indemnity

A legally required payment due to the employee upon dismissal or retirement. These payments can be extremely high in certain countries and, at times, may be payable under any termination circumstances, including the employee’s voluntary resignation.

Total permanent disability

A condition where an individual has been continuously absent from work through injury or illness for a specified period and has become incapacitated to the extent that the individual can never engage in any work for which he or she is suited by education and training.

Vesting

Acquisition by a plan member of an absolute right to an immediate or deferred benefit by fulfilling prescribed conditions, especially service requirements. The process (time period) by which employees accrue nonforfeitable rights over employer contributions that are made to the employee’s qualified retirement plan account. The right of an employee to all or a portion of benefits accrued, attributable to employer contributions, that is not contingent upon a participant’s continuation of employment. Employer contributions vest according to a schedule defined by the plan and are usually based on years of service.

Vesting period

The time required for options/shares/performance units/long-term cash to vest and (in the case of options) become exercisable in full. It refers to all plan types.

Voluntary contribution

A contribution in addition to the mandatory contribution that a member can pay to the retirement scheme to increase future retirement benefits.

Voluntary plan

Also known as ancillary plan.

Voluntary separation

The termination of employment where the employee initiates the separation process through resignation.

Voluntary termination

The number (headcount) of employees who resigned or retired voluntarily during a 12-month reporting period.

Waiting period

A specific period set forth in an insurance policy or healthcare plan document that requires an individual to wait a certain period before being eligible for coverage under the plan. For example, a healthcare plan may require an individual to wait 90 days before coverage under the plan is permitted, and to have healthcare expenses paid or reimbursed for services or treatment received from a healthcare provider. Working hours per day: The number of hours an employee works in a day, exclusive of lunch and other breaks.

Working hours per week

The minimum hours an employee needs to work during a work week. The work week and working hours may vary based on gender, country, and industry/sector.


Sample

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