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create a topic, activities, discussion and outcomes about this topic CHAPTER 5
EMPLOYEE BENEFITS ADMINISTRATION
LEARNING OUTCOMES
At the end of the chapter, the students will be able to:
- identify the objectives and justification of employee benefits;
- classity and discuss government-mandated employee bernefits; and
- discuss voluntary employee benefits.
CHAPTER OVERVIEW
This chapter is a run-through of the primary reasons of providing benefits to complete the compensation package given to employees. There are two types of employee benefits: the first one is mandated by law and the other one is voluntary. Through the years, the Philippine government has expanded and improved the benefits provided to employees. These benefits aim to uplift the work life of employees. Because these are mandatory, organizations are obliged to comply. There are specific policies related to minimum wage. There are also benefits that are specifically attached to salaries and are monetized, such as holiday pay, premium pay. overtime pay. night shift differential, service charges, 13th-month pay, separation pay, and retirement pay. The governmernt has specific provisions for leave benefits such as: service incentive leave, maternity leave, paternity leave, parental leave for solo parents, leave for victims of violence, and special leave for women. There are also programs related to work-related injuries and sickness under Employee Compensation and a roster of benefits provided by the Social Security System, PhilHealth, and Pag-IBIG Fund.
On the other hand, voluntary benefits depend on the financial capacity and willingness of organizations to provide them. Organizations may go all the way of adding mnore than what is required by law to stay competitive and be more attractive to prospective job seekers.

WHAT CAN YOU SAY?
majority of Filipino workers are anxious about what will happen to.them when In a study made by Global Aging Institute and Pru Life UK Limited they retire. About 90% of them were worried about using up all their savings being in poor health, no one will take care of them, or becoming a burden to their children when they retire. In a related study made by Fast Asia Retirement Survey among 10 countries in Asia, it was found out that the Philippines is second to Vietnam (9576) in relation to anxiety over retirement The other countries are the: Indonesia (83%6), South Korea (A19%) Thailand (790). Malaysia (68%), Singapore (6696), Hong Kong (6495), Taiwan (60%), and China (500) the survey also showed that only 689% of the Filipino respondents expect that they will receive Social Security System (SSS) and Pag-IBlG benefits, while 8% expect to benefit from stocks. bonds, and insurance.
QUESTIONS:
1. What do you think should organizations and the government do to minimize or eliminate these negative thoughts of employees about retirement?
2. What do these studies show with regard to the knowledge of Filipino Workers on government benefits and investment options upon retirement?
Source: "Most Filipinos not ready tor retirement -- study by Chrisee Dela Paz from Rappler.com dated September 25, 2015

OBJECTIVES AND JUSTIFICATION OF EMPLOYEE BENEFITS
Employee benefits are perquisites or perks which are given to ernployees on top of their salaries or wages. Aside trom those mandated by law, organizations have us benefits packages to retain high performers, induce productivity, and highly qualified and competent people attract. An attractive benefits package entices candidates to join the organization. Aside from the competitive salaries, they want to be assured that they can also be protected against iness Sucn as mnealcal insurance and sick leaves: or bave some from the pressures of work through Vacation leaves, to name a few candidates are attracted to a good list of benefits that can match investment. Employees are more likely to be loyal to the organization if they feel that it takes care of them in many aspecis o their lite. A competitive set of benefits enables employees to become more productive on the iob They are also package motivated to always do their best, knowing that they can bank on their organization to always look after their welfare (Ray, n.d.). through the efforts, dedication, and commitment they will provide in the organization.(Ray, n.d.).

GOVERNMENT-MANDATED COMPENSATION I AND BENEFITS
The government through the Department of Labor and Employment (DOLE) has listed down the monetary benefits for Flipino employees working in the Philippines (DOLE, 2019),
Minimum Wage
The Wage Rationalization Act or Republic Act No. 6727 fixes the minimum wage to the different industrial sectors such as: non-agriculture, agriculture plantation and non-plantation, cottage/handicraft, and retail/service, which depends on the annual gross sales, number of workers, and capitalization. The Regional Tripartite Wages and Productivity Boards is the governing body for developing proper standards and criteria for determining the