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    Sun Life Financial

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    christine geronimo
    The document summarizes employee benefits offered by Sun Life Financial Philippines. It discusses competitive compensation packages based on job role, skills, and performance. Benefits include group medical coverage, paid time off, pension plans, life insurance, and opportunities to purchase company insurance products. Specific employee benefits under Philippine law such as minimum wage, overtime pay, night shift differentials, and contributions to Social Security, Pag-ibig, and Philhealth programs are also outlined.

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    Sun Life Financial

    Uploaded by

    christine geronimo
    205 views2 pages
    The document summarizes employee benefits offered by Sun Life Financial Philippines. It discusses competitive compensation packages based on job role, skills, and performance. Benefits include group medical coverage, paid time off, pension plans, life insurance, and opportunities to purchase company insurance products. Specific employee benefits under Philippine law such as minimum wage, overtime pay, night shift differentials, and contributions to Social Security, Pag-ibig, and Philhealth programs are also outlined.

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    The document summarizes employee benefits offered by Sun Life Financial Philippines. It discusses competitive compensation packages based on job role, skills, and performance. Benefits include group medical coverage, paid time off, pension plans, life insurance, and opportunities to purchase company insurance products. Specific employee benefits under Philippine law such as minimum wage, overtime pay, night shift differentials, and contributions to Social Security, Pag-ibig, and Philhealth programs are also outlined.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    205 views2 pages

    Sun Life Financial

    Uploaded by

    christine geronimo
    The document summarizes employee benefits offered by Sun Life Financial Philippines. It discusses competitive compensation packages based on job role, skills, and performance. Benefits include group medical coverage, paid time off, pension plans, life insurance, and opportunities to purchase company insurance products. Specific employee benefits under Philippine law such as minimum wage, overtime pay, night shift differentials, and contributions to Social Security, Pag-ibig, and Philhealth programs are also outlined.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    CHRISTINE ERICKA E.

    GERONIMO
    02/24/2015
    BSECE401

    We offer our employees a fair and competitive compensation package and a


    rewarding career in line with their job, skills and performance.
    Every year, we compare our remuneration practices with other multinational
    and large local financial services companies in the Philippines to ensure that
    our salary scale is up to par.
    We compensate based on the value of the job of individual employees.
    Wherever you work across the Philippines, the respective income will reflect
    the level of responsibilities and accountabilities within the Sun Life Financial
    Philippines.
    Sun Life recognizes and rewards achievements and results in line with our
    Pay for Performance policy. Through your performance, you will be able to
    directly influence your compensation. Here, we reward exceptional job
    performance and provide support that would help you to accomplish goals.
    Together with a competitive package, we grant our employees and
    dependents with benefit packages to address everyday needs and prepare
    for their financial security.
    The following benefits are given to employees:
    For your needs today:
    Group Medical Coverage
    Vacation and Sick Leaves
    Employee loan programs for house or car
    For your future financial security:
    Pension Plan
    Life insurance

    Opportunities to purchase
    management products

    companys

    insurance

    and

    wealth

    EMPLOYEE BENEFITS

    Minimum wage = P426 per day


    13th month pay (after 1 month of service) = 1/12 of the total basic
    salary earned by an employee within a calendar year
    Overtime pay= 25% premium on hourly rate
    Night shift differential if work between 10:00 PM to 6:00 AM = 10%
    premium on hourly rate
    Special Non-Working day = 30% premium if worked
    Regular holiday pay= 100% premium if worked, paid if unworked
    Service Incentive Leave = 5 days after 1 year of service
    Maternity Leave = daily maternity benefit equivalent to one hundred
    percent (100%) of her average salary credit for sixty (60) days or
    seventy-eight (78) days
    Paternity leave = 7 days leave with pay (married only)
    Parental leave for solo parents= 7 days leave with pay
    Social Security System contribution (based on salary)
    Pag-ibig contribution (based on salary)
    Philhealth contribution (based on salary)

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