Employee benefits in the Philippines are perks provided to employees in addition to their base income. Employee benefits include leave credits, medical and dental insurance, rice and gasoline allowances, and so on. The majority of employee benefits are mandated by law. However, companies in the Philippines are free to provide extra benefits to attract and retain talent in their organization. Personnel benefits may differ depending on their job, workforce demographics, and the size of their firm. To secure your employees' best interests, it is critical to strategically offer an employee benefits package.

Here are some ideas for making the most of your employment benefits in the Philippines:

• Be informed regarding your statutory rights and benefits - As an employee, you are entitled to certain legal protections and benefits, including contributions to the Social Security System (SSS), PhilHealth coverage, and Pag-IBIG Fund contributions. Make sure you are familiar with these benefits and that your employer is abiding by their obligations.

• Make use of tax incentives - The Philippine government offers tax benefits to workers, such as tax-free pay and deductions for medical and educational costs. By maintaining thorough records of your spending and completing the required paperwork for the Bureau of Internal Revenue (BIR) you can take advantage of these benefits.

• Invest in a retirement plan - The SSS Provident Fund and other employer-sponsored plans are just a few of the retirement options available in the Philippines. To guarantee an enjoyable retirement, it's essential to take advantage of these schemes and make monthly contributions.

• Establish a work-life blend - Your entire well-being depends on being able to effectively handle your professional and personal obligations. Utilize the benefits provided by your employer, such as paid time off and sick leave, to rejuvenate and maintain your health and wellness.

• Learn new skills - To assist their staff members in expanding their skill sets and advancing their careers, many firms provide training and development programs. Utilize these chances to improve your abilities and raise your earning potential.

It takes initiative and understanding of your employment rights and perks to maximize your work benefits. To make sure you are getting the most out of your job, be informed and interact with your employer, and we at Q2 HR Solutions can help you with that.

Q2’s years of experience in human resources enable companies to maximize their benefits to employees. With our pool of HR and organizational development experts and partners, we can work together in achieving your desired results. Our suite of HR solutions tailored-fit to your requirements ensures that we address your specific needs,  

Start making a difference now by learning more about our services. Visit www.Q2@HRSolutions.com or you may reach us at info@q2hrs.com and/or at our telephone number (02) 8889-6258. 

Be our partner in making Human Resources a competitive advantage. 

References: 
Jawed, U.

About the writer: 
Ferdinand A. A. Limbo, “Ferdie” is a Management Consultant for the Office of the Managing Director at Q2. He has over 28 years of experience as a consultant and a C-Suite executive in the industries of HR Services, Facilities Services and Management, Engineering Consultancy, BPO/Contact Center, Retail-Wholesale and Distribution, and Condiments Manufacturing industries, among others, achieving winning results. Ferdie attended an MBA program at The Royal Pontifical University of Santo Tomas. 

Please send any comments, questions, or requests for advice on HR matters to Ferdie at ferdie.limbo@q2hrs.com