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This type of employment typically comes with benefits such as health insurance, retirement plans, and other statutory benefits. Statutory Deductions: Social Security System (SSS): Both employers and employees contribute to the SSS, which provides social insurance, including sickness, maternity, and retirement benefits.
HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.” HR acronym usage example: “For most organizations in the U.S., HR acronym usage example: “RPE remains one of the most important but often still overlooked business and HR metrics.”
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