Human Resources

Human Resources Market Research Reports Analysis and Trends

Human Resources Market Research Reports Analysis and Trends

 

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Employee Benefits in Nigeria

Employee Benefits in Nigeria

Date Published: Dec 13 2014
Nigeria’s social security system is based on the principle of defined-benefits (pay-as-you-go), and is generally managed by the state government. The social security system covers a limited number of benefits and provides them based on the insured’s contribution period. Nigeria also has an informal social security system to which people can contribute voluntarily.
 
The report provides in-depth industry analysis, information and insights into employee benefits in Nigeria, including:
$1,950.00
Employee Benefits in Singapore

Employee Benefits in Singapore

Date Published: Dec 12 2014
The Republic of Singapore’s social security system is founded on principles of self-provision and self-reliance; the country’s government limits its expenditure on social security schemes. The government’s policy has been that each generation must earn and save enough for their entire life cycle, with each individual being responsible for their own financial sustenance after their retirement. The Central Provident Fund (CPF) is a key component of Singaporean social security system.
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Employee Benefits in Turkey

Employee Benefits in Turkey

Date Published: Dec 11 2014
The Turkish social security system is largely similar to the Continental model, with employee contributions made according to their insurance and payroll status. Contributions are collected in a joint pool and pensions are paid, on becoming eligible, according to contributions made. From 1990, a number of financial problems arose in the Turkish social security system due to implementation of early retirement, an increase in unregistered employment, and low rates of contributions and income subject to contributions.
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Employee Benefits in Argentina

Employee Benefits in Argentina

Date Published: Nov 26 2014
The development of Argentine social security programs and policies started in the early 20th century. At present, the system has numerous policies and programs, including compulsory social insurance and social assistance. The system provides both basic social protection and a higher level of protection. Under the basic social protection, family allowance and retirement benefits are provided to families and workers employed in the informal sector, while compulsory contributory insurance schemes are provided under a higher level of protection systems.
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Employee Benefits in Zambia

Employee Benefits in Zambia

Date Published: Nov 26 2014
The Zambian social security system is based on the social insurance model and provides protection against income loss due to retirement, disability and death. All employed individuals in the formal sector are required to contribute to statutory pension scheme. Individuals not covered by the scheme can contribute voluntarily. The combined asset size of the statutory pension scheme was estimated to be ZMW6.0 billion (US$1.0 billion) in 2012, while the voluntary pension’s combined asset-size was ZMW3.2 billion (US$549.0 million).
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Employee Benefits in Botswana

Employee Benefits in Botswana

Date Published: Nov 24 2014
The Republic of Botswana has a range of social security programs which cover the country’s citizens, as well as people belonging to poor and vulnerable groups in rural communities. According to the National Policy for Rural Development (Government of Botswana – GoB, 2002), the aim of these programs is to reduce poverty and provide a social safety cover to all Botswanan individuals.
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Employee Benefits in Chile

Employee Benefits in Chile

Date Published: Nov 13 2014
Chile was one of the first countries in the Americas to set up state-sponsored social security cover. The country’s pension system consists of multiple pillars: a non-contributory first pillar, a fully funded second pillar and a voluntary third pillar. In 1981, a new privatized system was introduced to carry out social security schemes. These programs are administered by private sector insurance companies called pension fund managers and the state is in charge of the regulations.
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Employee Benefits in the Dominican Republic

Employee Benefits in the Dominican Republic

Date Published: Nov 13 2014
The Dominican Republic has a comprehensive social security system. There are three schemes under which social security benefits are granted to the country’s residents and citizens: a contributory scheme that covers employees, a contributory subsidized scheme for self-employed individuals and technicians that is yet to be implemented, and a fully subsidized scheme that covers unemployed and severely disabled persons who do not have a stable income and earn below the minimum wage.
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Employee Benefits in Uganda

Employee Benefits in Uganda

Date Published: Nov 6 2014

Uganda’s social security system only covers a small proportion of the population. The majority of workers and their families are not covered under the country’s social security system, however, the government plans to introduce new social security benefits. The government is planning to include maternity and unemployment benefits, health insurance, funeral grants ,and school fees for the children of workers. The two important formal social security schemes in Uganda are the National Social Security Fund (NSSF) and the Public Service Pension Scheme.

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Employee Benefits in the UAE

Employee Benefits in the UAE

Date Published: Nov 5 2014
The United Arab Emirates (UAE) has undergone a huge transformation following the discovery of oil in the 1950s, going from a poor region to a contemporary state with a high standard of living. The country, however, only provides social security benefits to UAE nationals. The country does not have a social security system comparable to those that expatriates from other countries have access to. Expatriate employees and employers of an expatriate are not required to make contributions to any social security scheme.
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Employee Benefits in South Africa

Employee Benefits in South Africa

Date Published: Nov 5 2014

South Africa has a well-developed social security system, which covers employees and their dependents, unemployed persons and individuals. The Department of Labor (DoL) is the central labor administration body and is regulated by Ministry of Labor. The South African social security system is composed of three pillars: the non-contributory pillar (taxed pillar), contributory pillar and private voluntary pillar. The contributory pillar includes social insurance, while the non-contributory pillar includes social assistance and social relief distress.

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Employee Benefits in Kenya

Employee Benefits in Kenya

Date Published: Nov 4 2014

Kenya’s social security system is considered important for the security of workers, their families and the community as a whole. The Kenyan social security system is divided into three pillars: a public scheme, occupational schemes and individual schemes.

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Employee Benefits in Cyprus

Employee Benefits in Cyprus

Date Published: Oct 29 2014

The social security system in Cyprus is comprehensive and covers all gainfully employed and self-employed people. The state, employers and employees are the main participants in the social security system. The system has evolved and changed significantly during the last few years due to the euro zone debt crisis and the resultant contraction of the Cypriot economy.

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Employee Benefits in Saudi Arabia

Employee Benefits in Saudi Arabia

Date Published: Oct 28 2014

The Kingdom of Saudi Arabia has an extensive social security system which aims to provide every citizen with a decent standard of living in line with Islamic principles. Its small population and high gross domestic product (GDP) allow the Kingdom to provide employed and self-employed residents with help, such as medical care, childcare, pensions and unemployment benefit, as well as, in some cases, housing and disability benefits.

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Employee Benefits in Estonia

Employee Benefits in Estonia

Date Published: Oct 27 2014

Estonia has a well-developed social security system that covers the risks of employees, self-employed persons and their family members. The Estonian social protection system includes pension, health and unemployment insurance. Pension and health insurance are financed by social taxes, while unemployment insurance is financed by contributions. Benefits for disabled individuals, the national pension, death grants and family benefits are funded by general state revenues. The Ministry of Social Affairs is accountable for social security, social care and welfare.

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Employee Benefits in the UK

Employee Benefits in the UK

Date Published: Oct 27 2014
The UK has one of the most comprehensive and well-established welfare systems in the world. It is predominantly controlled by the social security system, which provides citizens with various benefits, as well as foreign nationals who reside in the UK. Welfare benefits in the country are disbursed under various schemes such as cash benefits, healthcare, education, housing and personal social services. Cash benefits are widely used, and are among the most popular social security schemes in the UK.
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Employee Benefits in Ghana

Employee Benefits in Ghana

Date Published: Oct 27 2014

Ghana’s social security system covers the entire population, including employees and self-employed individuals. The provision of benefits depends on the contributions made by employers, insured employees and self-employed persons. The Ghanaian social security system has a three-tier pension scheme which was introduced in 2009. The first tier is a mandatory social insurance scheme administered by the Social Security and National Insurance Trusts (SSNIT).

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Employee Benefits in Denmark

Employee Benefits in Denmark

Date Published: Oct 8 2014

Denmark is one of the few countries in the world that adjusted well to the challenge of providing an established social security system and a flexible labor market for its citizens. It was one of the first countries to adopt a multi-pillar pension system, comprising a flat-rate residence-based national pension and private occupational pensions based on collective agreements. The first pillar is the state and compulsory pillar, providing universal cover.

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Employee Benefits in Japan

Employee Benefits in Japan

Date Published: Oct 1 2014
The Japanese social security system is designed to assure a minimum standard of living to its citizens, as well as protection from social and economic risks. It consists of the following components: a public pension system, health services, and personal social services for the elderly and the disabled, family policy to support working women, employment of senior workers, and public assistance. Japan follows a multi-tier pension system, which includes public and private pension schemes.
$1,950.00
Employee Benefits in Slovenia

Employee Benefits in Slovenia

Date Published: Sep 29 2014

The Slovenian social security system includes social insurance, social assistance scheme and family benefits. It covers the risks of employees, self-employed persons, unemployed persons, persons taking care of family members, and individuals without the necessary minimum resources. Contributions to the social security system are made by employees, employers, and self-employed individuals. The total employee and employer contribution rates amount to 22.10% and 16.10% of the gross earnings of employees respectively, with no maximum amount.

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