By law, employee benefits in the Philippines come from contributions to SSS, Philhealth, and PAG-IBIG fund in addition to set work days and leaves. This is not just a matter of taxes or making a company profile look more appealing. Employee benefits are a way to help employees do their best work. Other benefits that companies could offer range from mental health programs, health and dental support, or even special leaves such as emergency or bereavement leaves.
Here are ways that employee benefits help the workplace:
- Job Satisfaction
Good benefits improve on workplace morale, which help employees feel more valued and taken care of. Happier workers, it’s been found, are more productive and contribute more to the workplace.
- Attracts Talent
Good word on good work gets out. As a company grows, naturally they would want the best to work for them, and benefits are a great way to attract fresh new talent.
- Improved Wellbeing
The last few years have taught us the real value of a healthy employee, both physically and emotionally. Investing in additional benefits for health is also encouraging overall well-being, which improves worker confidence and overall wellbeing towards the company.
As Tim Allen, CEO of Care.com wrote for the Harvard Business Review, “Without care there is no work.” That’s something to keep in mind.
Generali has a wide range of products that can be customized to your workplace needs, whether you’re with a big company or are a single entrepreneur or with an MSME. Best of all, payments are accommodating, with easy payment channels on platforms such as Gcash. Ask us about it today.