Computing Salaries, Wages, and Benefits- August 28, 2010

Course Description:

This course aims to provide participants with a functional knowledge of administering both legally mandated (e.g. SSS, Philhealth, Pag-ibig) as well as company–initiated benefits. The details of each of these benefits will be discussed in in-depth. Lastly, actual sample policies on some of these benefits will be shared with the participants to enable them to get a concrete grasp of how to document the benefits they will provide.

Course Outline:

1. Government – Mandated Benefits
2. Institutional

• Social Security System (SSS)

Membership

Contribution Schedule

Benefits (Loan, Sickness, Disability, Pension)

Remittance (Contribution & Loans)

• Philippine Health Insurance Corporation (Philhealth)

Membership

Contribution Schedule

Hospitalization Claims / Benefits

Remittance (Contribution)

• Home Development Mutual Fund (Pag-ibig)

Membership

Contribution Schedule

Benefits (Housing Loan and Multi-Purpose Loan)

Remittance (Contribution & Loans)

1. Personal/Individual

• 13th Month Pay
• Paternity and Maternity Leave
• Overtime and Premium Pay
• Service Incentive Leave

1. Company – Initiated Benefits
   1. Leaves (e.g., Vacation, Sick, Emergency)
   2. Performance–Based Increase
   3. Bonuses (Quarterly, Mid-year)
   4. Offsetting and Undertime
   5. Allowances (e.g, Meal, Transportation, etc.)
   6. Loans (e.g. Financial, Car or Housing Loan)
   7. Witholding Tax
   8. Sample Policies
   9. Workshop- BRING CALCULATOR

For more information and to see other business opportunities, Click Here>>> Business Opportunities