Sun Life Financial

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Assignment Sun Life Financial

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CHRISTINE ERICKA E. GERONIMO 02/24/2015BSECE401

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 companys insurance and wealth management products

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)