Global Benefits & Employment Guideline 2017 - Sample

HE ALTH WEALTH CAREER
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2017
WORLDWIDE BENEFIT &
EMPLOYMENT GUIDELINES
PL
SAMPLE
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SA
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4 MERCER’S GLOBAL PUBLICATIONS
5 INTRODUCTION
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7 SAMPLE
10 BENEFITS SECTION
10 Social Security
12 Retirement Benefits
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21 Death Benefits
28 Disability Benefits
36 Medical Benefits
41 Maternity/Paternity/Parental Benefits
46 Social Benefits
50 Perquisites & Allowances
52 Flexible Benefits Programme
53 EMPLOYMENT CONDITIONS
53 Severance Conditions & Termination Indemnities
59
64
67
70
71
74
Working Time
Conditions of Entry & Residence
Contract of Employment
Occupational Health & Safety
Industrial Relations
ABOUT THIS REPORT

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74 Methodology
75 Glossary
88 ABOUT MERCER
In today’s competitive race to HE ALTH & BENEFI TS
attract and retain highly skilled
global talent, organisations require
current, in-depth information on
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everything from local statutory
benefits, to salary trends, to
Car Benefit Policies Worldwide Benefit & Global Parental Leave Severance Policies —
managing a diverse workforce. Around the World Employment Guidelines Asia Pacific
Through Mercer’s own extensive
global presence, we collect and WORKFORCE & CAREERS
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analyse data and insights that
help companies take the actions
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Compensation Handbook Global Mobility Handbook HR Management Terms
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Business
IN TRODUCTION
Whether you operate in two countries or 20, staying competitive through the creation of effective, attractive, and statutorily correct
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benefit plans remains a challenge. You need to keep track of constantly evolving benefit laws and regulations, as well as understand
employment conditions and statutory and typical benefits.
Mercer’s Worldwide Benefit & Employment Guidelines (WBEG) helps you meet these challenges by providing access to current, reliable
information on:
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►► Statutory employee benefits
►► Typical employer benefit practices
►► Overall employment conditions
Our global network of country experts gather and interpret current information, offering in-depth data of unparalleled quality for
77 countries.
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© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 5

INTRODUCTION
REPORT STRUCT URE
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The 2017 Worldwide Benefits & Employment Guidelines publication provides actionable information on statutory benefits, typical
employer practice, and employment conditions across major world markets. Created with the human resources professional in mind,
this report offers critical, up-to-date data to assist companies interested in forecasting, preparing for, and managing the revolving
door of talent around the world.
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This report includes the following sections:
ECONOMIC EN VIRONMEN T
BENEFI TS EMPLOYMENT CONDI TIONS

1. Social security 1. Severance conditions and termination indemnities
2. Retirement benefits 2. Working time
3.
4.
5.
6.
Death benefits
Disability benefits
Medical benefits
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Maternity/paternity/parental benefits
3.
4.
5.
6.
Conditions of entry and residence
Contract of employment
Occupational health and safety
Industrial relations
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7. Social benefits
8. Perquisites and allowances
9. Flexible benefits programme

COUNTRY
SA
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OUNTRY
COUN TRY USD1 = EUR0.94
EUR1 = EUR1.00
ECONOMIC EN VIRONMEN T Exchange rate as of April 7, 2017
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GDP GROW TH INFLATION UNEMPLOYMENT
2017 1.0% 2017 1.0% 2017 1.0%
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2016 1.0% 2016 1.0% 2016 1.0%
2015 1.0% 2015 1.0% 2015 1.0%
TOTAL POPULATION, 2016 WORKING AGE RANGE POPULATION ECONOMICALLY ACTIVE POPULATION
1,100,000 (15-64), 2016 10,000 (15-64), 2016 1,000
TOTAL POPUL ATION GENDER R ATIO,

2016
50% 50%
M WORKING AGE (15-64) GENDER
R ATIO, 2016
50% 50%
ECONOMICALLY ACTIVE (15-64)
GENDER R ATIO, 2016
50% 50%
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Note: Population size is in thousands.
Sources: GDP growth: International Monetary Fund, World Economic Outlook Database, April 2017; Inflation: International Monetary Fund, World Economic Outlook Database,
April 2017; Unemployment: International Monetary Fund, World Economic Outlook Database, April 2017.

BENEFI
COUNTRY TS SECTION
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1. SOCIAL SEC URI T Y
GENER AL DESCRIPTION OF SOCIAL SEC URI T Y
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COUNTRY
2. RETIREMENT BENEFI TS
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OVER VIEW
EFFECTIVE DATE January 1, 2017 CHANGES E XPECTED January 1, 2018
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SALARY CEILING
PREVALENCE CONTRIBUTIONS
(LOCAL CURRENCY)
EMPLOYER EMPLOYEE
(% OF BASE SALARY) (% OF BASE SALARY)
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COUNTRY RETIREMENT BENEFI TS
RECEN T LEGISL ATION APPROVED AND PROPO SED
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HR AREA EFFECTIVE DATE NEW LAW ACTION REQUIRED
There is no recent legislation.
TRENDS
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BENEFIT SUMMARY REASONS FOR TREND
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RETIREMENT
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STATU TORY REQUIREMENTS
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RETIREMENT BENEFITS STATUTORY
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NORMAL RETIREMENT AGE MALE/FEMALE: 60
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PENSIONABLE EARNINGS magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo
consequat.
FINAL PENSIONABLE EARNINGS magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo
consequat.
PENSIONABLE SERVICE
CONDITIONS FOR RECEIVING BENEFITS
NORMAL RETIREMENT BENEFITS

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RETIREMENT BENEFITS STATUTORY
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LATE RETIREMENT BENEFITS
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aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
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EMPLOYEE CONTRIBUTIONS Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium
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OTHER COMMENTS
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with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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SUPPLEMENTAL/ T YPICAL BENEFI TS
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WHY COMPANIES SUPPLEMENT STAT U TORY REQUIREMENTS
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T YPICAL SUPPLEMENTARY BENEFI TS ARR ANGEMENT
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ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. Lorem Ipsum is
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DEFINED BENEFIT PLAN SUPPLEMENTAL

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PREVALENCE standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
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SPONSORING EMPLOYER Lorem Ipsum
NAME OF PLAN
GOVERNING DOCUMENTATION
ELIGIBILITY
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NORMAL RETIREMENT AGE labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex
ea commodo consequat.
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quat.
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DISABILITY BENEFITS Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium
DEATH-IN-SERVICE BENEFITS — SURVIVOR AND/OR

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LUMP-SUM BENEFITS
DEATH AFTER RETIREMENT BENEFITS
EMPLOYEE CONTRIBUTIONS
EMPLOYER CONTRIBUTIONS
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LEAVING SERVICE BENEFITS & VESTING PROVISIONS
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DEFINED CONTRIBUTION PLAN SUPPLEMENTAL
PREVALENCE
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COUNTRY
3. DEATH BENEFI TS
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OVER VIEW
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SALARY CEILING
(LOCAL CURRENCY)
EMPLOYER EMPLOYEE
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consectetur adipiscing elit, consectetur adipiscing elit,
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SUPPLEMENTAL PROVISION, ACCIDENTAL DEATH

& DISABILITY
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COUNTRY DE ATH BENEFI TS
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TRENDS
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No significant trends are evident in the market.
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DEATH BENEFITS STATUTORY
ELIGIBILITY
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WORK-RELATED BENEFITS
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DEATH BENEFITS SUPPLEMENTAL

PREVALENCE
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ELIGIBILITY Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
RETIREES COVERED
BENEFITS DESCRIPTION
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EMPLOYER CONTRIBUTIONS Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
BENEFITS INSURED Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
OVERALL DESCRIPTION OF PLAN FINANCING Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

DEATH BENEFITS SUPPLEMENTAL
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ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) SUPPLEMENTAL
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PREVALENCE Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
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ELIGIBILITY Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
RETIREES COVERED Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
CONDITIONS FOR RECEIVING BENEFITS Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
BENEFITS DESCRIPTION Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
BENEFITS INSURED
OVERALL DESCRIPTION OF PLAN FINANCING

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BUSINESS TRAVEL INSURANCE SUPPLEMENTAL
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PREVALENCE Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint
Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea
IS THIS PART OF ANOTHER PLAN
commodi consequatur
ELIGIBILITY
commodi consequatur
PL
commodi consequatur
commodi consequatur
EMPLOYEE CONTRIBUTIONS Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam,
CONTRIBUTIONS Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam,
BENEFITS INSURED Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam,
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TAXATION OF CONTRIBUTIONS
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COUNTRY
4. DISABILI T Y BENEFI TS
E
OVER VIEW
PL
SALARY CEILING
(LOCAL CURRENCY)
STATUTORY REQUIREMENT, SICKNESS
STATUTORY REQUIREMENT, ACCIDENT

M 100%
100%
EMPLOYER
(% OF BASE SALARY)
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omnis iste
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(% OF BASE SALARY)
omnis iste

omnis iste
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STATUTORY REQUIREMENT, LONG-TERM Sed ut perspiciatis unde Sed ut perspiciatis unde
100%
DISABILITY omnis iste omnis iste

omnis iste natus error sit
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SUPPLEMENTAL PROVISION, SHORT-TERM voluptatem accusantium
omnis iste omnis iste
doloremque laudantium,
totam rem aperiam

COUNTRY DISABILI T Y BENEFI TS
SALARY CEILING
(LOCAL CURRENCY)
E
EMPLOYER EMPLOYEE
quae ab illo inventore
veritatis et quasi architecto
Sed ut perspiciatis unde Sed ut perspiciatis unde
SUPPLEMENTAL PROVISION, LONG-TERM beatae vitae dicta sunt
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PL
voluptatem quia voluptas sit

TRENDS
BENEFIT
DISABILITY
M SUMMARY
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REASONS FOR TREND
SA
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modi tempora incidunt ut labore et dolore magnam
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E
SHORT - TERM DIS ABILI T Y BENEFI TS
SHORT–TERM DISABILITY BENEFITS STATUTORY
ELIGIBILITY Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
PL
PERIOD OF DISABLEMENT BEFORE BENEFITS BEGIN Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially
CONDITIONS FOR RECEIVING BENEFITS unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages,
and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
DEFINITION OF DISABLEMENT Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
BENEFITS DESCRIPTION unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages,
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M and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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LONG- TERM DISABILI T Y BENEFI TS
E
LONG–TERM DISABILITY BENEFITS STATUTORY
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PL
PERIOD OF DISABLEMENT BEFORE BENEFITS BEGIN unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages,
standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to
make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting,
remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing
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versions of Lorem Ipsum.
DEFINITION OF DISABLEMENT
WORK-RELATED BENEFITS
M versions of Lorem Ipsum.
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EMPLOYEE CONTRIBUTIONS Lorem Ipsum is simply dummy text of the printing and typesetting industry.
EMPLOYER CONTRIBUTIONS Lorem Ipsum is simply dummy text of the printing and typesetting industry.

E
PL
ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. Lorem Ipsum is
simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.
SHORT-TERM DISABILITY BENEFITS SUPPLEMENTAL

PREVALENCE standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
IS THIS PART OF ANOTHER PLAN Aldus PageMaker including versions of Lorem Ipsum.
ELIGIBILITY
RETIREES COVERED
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PERIOD OF DISABLEMENT BEFORE BENEFITS BEGIN

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DEFINITION OF DISABLEMENT Aldus PageMaker including versions of Lorem Ipsum.
BENEFITS DESCRIPTION Aldus PageMaker including versions of Lorem Ipsum.
EMPLOYEE CONTRIBUTIONS Aldus PageMaker including versions of Lorem Ipsum.
EMPLOYER CONTRIBUTIONS Aldus PageMaker including versions of Lorem Ipsum.
BENEFITS INSURED Aldus PageMaker including versions of Lorem Ipsum.

SHORT-TERM DISABILITY BENEFITS SUPPLEMENTAL
E
OVERALL DESCRIPTION OF PLAN FINANCING Aldus PageMaker including versions of Lorem Ipsum
it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic
TAXATION OF CONTRIBUTIONS typesetting, remaining essentially unchanged, it to make a type specimen book. It has survived not only five
centuries, but also the leap into electronic typesetting, remaining essentially unchanged
TAXATION OF BENEFITS Aldus PageMaker including versions of Lorem Ipsum
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LONG-TERM DISABILITY BENEFITS SUPPLEMENTAL
It to make a type specimen book. It has survived not only five centuries, but also the leap into electronic
PREVALENCE
typesetting, remaining essentially unchanged.
Iit to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typeset-
IS THIS PART OF ANOTHER PLAN
ting, remaining essentially unchanged
It to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typeset-
ELIGIBILITY
ting, remaining essentially unchanged
RETIREES COVERED Aldus PageMaker including versions of Lorem Ipsum
PERIOD OF DISABLEMENT BEFORE BENEFITS BEGIN Aldus PageMaker including versions of Lorem Ipsum
DEFINITION OF DISABLEMENT
M Aldus PageMaker including versions of Lorem Ipsum
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EMPLOYER CONTRIBUTIONS Aldus PageMaker including versions of Lorem Ipsum

LONG-TERM DISABILITY BENEFITS SUPPLEMENTAL
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BENEFITS INSURED Aldus PageMaker including versions of Lorem Ipsum
OVERALL DESCRIPTION OF PLAN FINANCING Aldus PageMaker including versions of Lorem Ipsum
TAXATION OF CONTRIBUTIONS standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
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TAXATION OF BENEFITS Aldus PageMaker including versions of Lorem Ipsum
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COUNTRY
5. MEDICAL BENEFI TS
E
OVER VIEW
PL
SALARY CEILING
(LOCAL CURRENCY)
EMPLOYER EMPLOYEE
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STATUTORY REQUIREMENT text of the printing and text of the printing and text of the printing and
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SUPPLEMENTAL PROVISION, MEDICAL
SUPPLEMENTAL PROVISION, DENTAL
SUPPLEMENTAL PROVISION, VISION

MLorem Ipsum is simply dummy
text of the printing and
typesetting industry.
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COUNTRY MEDICAL BENEFI TS
E
TRENDS
PL
M
SA

E
MEDICAL BENEFI TS
MEDICAL BENEFITS STATUTORY
ELIGIBILITY standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
PL
CONDITIONS FOR RECEIVING BENEFITS standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
M
SA

E
PL
Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer specimen book.
MEDICAL BENEFITS SUPPLEMENTAL

PREVALENCE Lorem Ipsum is simply dummy text of the printing and typesetting industry.
IS THIS PART OF ANOTHER PLAN Lorem Ipsum is simply dummy text of the printing and typesetting industry.
ELIGIBILITY Lorem Ipsum is simply dummy text of the printing and typesetting industry.
RETIREES COVERED Lorem Ipsum is simply dummy text of the printing and typesetting industry.
M Lorem Ipsum is simply dummy text of the printing and typesetting industry.
standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
SA
DEPENDANT COVERAGE Lorem Ipsum is simply dummy text of the printing and typesetting industry.
COINSURANCE/CO-PAYMENT Lorem Ipsum is simply dummy text of the printing and typesetting industry.
INDIVIDUAL/FAMILY DEDUCTIBLES Lorem Ipsum is simply dummy text of the printing and typesetting industry.
ANNUAL/LIFETIME MAXIMUM Lorem Ipsum is simply dummy text of the printing and typesetting industry.
EXCLUSIONS but also the leap into electronic typesetting, remaining essentially unchanged.

MEDICAL BENEFITS SUPPLEMENTAL
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EMPLOYEE CONTRIBUTIONS but also the leap into electronic typesetting, remaining essentially unchanged.
EMPLOYER CONTRIBUTIONS but also the leap into electronic typesetting, remaining essentially unchanged.
BENEFITS INSURED but also the leap into electronic typesetting, remaining essentially unchanged.
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PL
recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. It was popula-
OVERALL DESCRIPTION OF PLAN FINANCING
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desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
TAXATION OF CONTRIBUTIONS
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M
SA

COUNTRY
6. MATERNI T Y/PATERNI T Y/PAREN TAL BENEFI TS
E
It was popularised in the 1960s with the
PL
release of Letraset sheets containing
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MATERNITY December 2, 2010 None.
with desktop publishing software like
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TRENDS
No significant trend is evident in the market.
M
SA

COUNTRY MATERNI T Y/PATERNI T Y/PAREN TAL BENEFI TS
E
MATERNI T Y
MATERNITY BENEFITS STATUTORY
ELIGIBILITY Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.
PL
CONDITIONS FOR RECEIVING BENEFITS Lorem Ipsum has been the industry’s standard dummy text ever since the 1500.
M
SA
PATERNI T Y
PATERNITY BENEFITS STATUTORY
BENEFITS DESCRIPTION Lorem Ipsum has been the industry’s standard dummy text ever since the 1500.

PARENTAL
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PARENTAL BENEFITS STATUTORY
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CONDITIONS FOR RECEIVING BENEFITS standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
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BENEFITS DESCRIPTION standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make
PARENTAL
PARENTAL BENEFITS STATUTORY
M
SA

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When an unknown printer took a galley of type and scrambled it to make a type specimen book.
PL
when an unknown printer took a galley of type and scrambled it to make a type specimen book.
MATERNITY LEAVE SUPPLEMENTAL

PREVALENCE When an unknown printer took a galley of type and scrambled it to make a type specimen book.
IS THIS PART OF ANOTHER PLAN When an unknown printer took a galley of type and scrambled it to make a type specimen book.
ELIGIBILITY When an unknown printer took a galley of type and scrambled it to make a type specimen book.
PERIOD OF BEFORE BENEFITS BEGIN When an unknown printer took a galley of type and scrambled it to make a type specimen book.
CONDITIONS FOR RECEIVING BENEFITS When an unknown printer took a galley of type and scrambled it to make a type specimen book.
PATERNITY LEAVE SUPPLEMENTAL

M When an unknown printer took a galley of type and scrambled it to make a type specimen book.
SA
PARENTAL LEAVE SUPPLEMENTAL
BENEFITS DESCRIPTION When an unknown printer took a galley of type and scrambled it to make a type specimen book.

COUNTRY
7. SOCIAL BENEFI TS
E
OVER VIEW
SALARY CEILING
(LOCAL CURRENCY)
PL
EMPLOYER EMPLOYEE
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TRENDS
BENEFIT
M SUMMARY REASONS FOR TREND
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COUNTRY
8. PERQUISI TES & ALLOWANCES
E
OVER VIEW
CAR & TRANSPORTATION SERVICE AWARDS MEAL ALLOWANCES/ EDUCATION
BENEFITS SUBSIDISED EATING FACILITIES
PL
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OTHER PERQUISITES & MOBILE PHONES HOUSING, COMPANY-PROVIDED SAVINGS PLANS

ALLOWANCES OR ALLOWANCES
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text.
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EMPLOYEE LOANS RECOGNITION AWARDS FLEXIBLE SPENDING ON-SITE DAYCARES
ACCOUNTS
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COUNTRY PERQUISI TES & ALLOWANCES
TA X ATION
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TAXATION OF PERQUISITES & ALLOWANCES
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PL
M
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COUNTRY
9. FLEXIBLE BENEFI TS PROGR AMME
E
OVER VIEW
FLEXIBLE BENEFITS
PL
PREVALENCE Lorem Ipsum is simply dummy text.
M
SA

EMPLOYMEN
COUNTRY T CONDI TIONS
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1. SEVER ANCE CONDI TIONS & TERMINATION
INDEMNI TIES
PL
INDIVIDUAL TERMINATION
DEFINI TION AND CONDI TIONS OF FAIR AND UNFAIR TERMINATION
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COUNTRY SEVER ANCE CONDI TIONS & TERMINATION INDEMNI TIES
COMPANY NOTICE PERIOD
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EMPLOYEE NOTICE PERIOD
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OTHER REQUIREMENTS
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BENEFI TS PAID ON IN VOLUN TARY TERMINATION OF SERVICE

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BENEFI TS PAID ON VOLUN TARY RESIGNATION

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DESCRIP TION OF FINANCING

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COUNTRY SEVER ANCE CONDI TIONS & TERMINATION INDEMNI TIES
COLLECTIVE DISMIS SAL
E
DEFINI TION AND CONDI TIONS OF COLLECTIVE DISMIS SAL
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PL
COMPANY NOTICE PERIOD
PAY- IN-LIEU OF NOTICE PERMI T TED

OTHER REQUIREMENTS
M
BENEFI TS PAID ON COLLECTIVE DISMIS S AL
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DESCRIP TION OF FINANCING

SA
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OTHER COMMEN TS
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con excepe nobis ut et eici odictis imagnim illuptio quatio velit et ventistrum ventemp.

COUNTRY
2. WORKING TIME
E
WORKING HOURS
PL
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OVERTIME
NIGH T WORK
REST PERIOD S
M
SA

COUNTRY WORKING TIME
ANNUAL VACATION & LEAVE
E
MANDATORY VACATION EN TI TLEMEN T
ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived
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PL
PageMaker including versions of Lorem Ipsum.
SUPPLEMENTAL VACATION PROVIDED

OPTIONS FOR CARRY - FOR WARD OF UNUSED VACATION DAYS

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reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
OPTIONS FOR PAY-OU T IN CASH OF UNUSED VACATION DAYS

SA

VACATION BONUS
E
MANDATORY PUBLIC HOLIDAYS EN TI TLEMEN T

Public holidays are:
PL
PUBLIC HOLIDAY 2017 2018 2019
DUIS AUTE January 1 January 1 January 1
VOLUPTATE January 6 January 6* January 6*
VELIT ESSE February 27 February 19 March 11
VOLUPTATE March 25* March 25* March 25
DUIS AUTE April 1* April 1* April 1
VOLUPTATE April 14 April 6 April 26
DUIS AUTE
VOLUPTATE
DUIS AUTE
VOLUPTATE
M April 15
May 1*
April 16*
April 17
April 7*
April 16
April 8*
April 9
April 27*
April 8
April 28*
April 29
SA
DUIS AUTE May 1* May 1 May1
VOLUPTATE June 5 May 28 June 17
DUIS AUTE August 15 August 15 August 15
VOLUPTATE October 1* October 1 October 1
*These holidays may fall on a Saturday or Sunday.

SUPPLEMEN TARY PUBLIC HOLIDAYS PROVIDED
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SICK LE AVE
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MATERNI T Y LE AVE
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PATERNI T Y LE AVE
PARENTAL LE AVE
BEREAVEMEN T LE AVE
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MISCELL ANEOUS PAID LEAVE

SA
MISCELL ANEOUS UNPAID LEAVE


COUNTRY
3. CONDI TIONS OF ENTRY & RESIDENCE
E
CONDI TIONS OF EN TRY
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sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias
consequatur aut perferendis doloribus asperiores repellat.
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M
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
EMPLOYMENT OF EXPATRIATES
SA
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quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit
aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam
est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et
dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam,
nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae
consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?

COUNTRY
4. CONTR ACT OF EMPLOYMEN T
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GENER AL CHAR ACTERISTIC S
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enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in
reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
culpa qui officia deserunt mollit anim id est laborum.
CON TENTS
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COUNTRY CONTR ACT OF EMPLOYMENT
T YPES OF CONTR ACTS
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not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
DUR ATION
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It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop
publishing software like Aldus PageMaker including versions of Lorem Ipsum.
TRIAL PERIOD
PRIVATE SECTOR
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G OVERNMEN TAL AND SEMI - G OVERNMENTAL SECTORS
IN VALID CONTR ACTS

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COUNTRY CONTR ACT OF EMPLOYMENT
OBLIG ATIONS OF THE PARTIES
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EMPLOYER OBLIG ATIONS
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EMPLOYEE OBLIG ATIONS
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COUNTRY
5. OCCUPATIONAL HEALTH & S AFET Y
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ME ASURES OF OCC UPATIONAL HEALTH AND SAFET Y
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WOMEN
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scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting,
remaining essentially unchanged.
MINORS
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Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and
scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting,
remaining essentially unchanged.
RULES AND IMPLEMEN TATION

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COUNTRY
6. INDUSTRIAL REL ATIONS
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SOCIAL PARTNERS
EMPLOYER ORG ANIS ATIONS
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TR ADE UNIONS
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COLLECTIVE AGREEMENTS
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COUNTRY INDUSTRIAL REL ATIONS
INDUSTRIAL ACTION
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STRIKES AND LOCKOU TS
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ABOU T THIS REPORT
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Mercer’s Data Mining & Insights (DM&I) team coordinates sources across all lines of Mercer’s business including Retirement, Health,
and Talent, in each local market. Where Mercer does not have a physical presence, the DM&I team works with local vendors to ensure
an update is conducted. Over 150 subject matter experts are involved in this update.
Mercer’s International Consulting Group then peer reviews the content as a final verification.
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The 2017 edition includes information in the economic environment section: gross domestic product (GDP), inflation, and
unemployment economic data for 2015, 2016, and 2017. Also provided are details of the composition of the total population, working
age, and economically active groups. All population data presented as part of the economic environment for each country are
reported in thousands.
The exchange rate details in EUR and USD are as of April 2017.
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ABOUT THIS REPORT
ECONOMIC MARKET L ABOUR MARKET
GROS S DOMESTIC PRODUCT ( GDP) TOTAL POPUL ATION
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The output of goods and services produced by labour and The total population comprises persons of all ages who were
property. GDP has five main components: private consumption living in the country during a specified time-reference period,
expenditure, fixed capital formation, increase in stocks, regardless of residency status or citizenship. The population
government consumption expenditure, and the net of exports size is provided in thousands.
of goods and services less imports of goods and services. The
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GDP data in this report refers to percentage change over the
previous year’s GDP, at a constant price.
WORKING AGE POPUL ATION
The working age population comprises all persons above
a specified minimum age threshold for which an inquiry on
INFL ATION economic activity is made. For purposes of this report, the
A term that refers to increases in prices for a constant working age population is defined as persons aged 15 to
market basket of goods. It is the average annual change in 64 years. The actual working age varies from country to
the consumer price index, which may differ from end-of-year country. The population size is provided in thousands.
figures. The cause of inflation is a general increase in the money
supply, without a corresponding increase in the amount of ECONOMICALLY ACTIVE
goods and services available.
UNEMPLOYMEN T R ATE
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The percentage of economically active persons wholly
unemployed or temporarily laid off. Unemployment generally
comprises all persons above a specified age who, during the
reference period, were without work, currently available for
POPUL ATION
Economically active population comprises all persons of either
sex who furnish the supply of labour for the production of
economic goods and services during a specified time-reference
period. The population size is provided in thousands.
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work, and seeking work. National definitions of employment and
unemployment differ from country to country.

ABOUT THIS REPORT
BENEFI TS DEFINI TIONS
ACCIDEN TAL DE ATH AND BERE AVEMENT LE AVE
E
Paid time off to which an employee is entitled for the death of
DISMEMBERMEN T ( AD& D) COVER AGE a close relative. Book reserve plan: A retirement arrangement
Insurance protection that pays out upon the insured’s death, if
funded through allocations on a company’s balance sheet.
death is the result of an accident. AD&D also provides benefits
for the accidental loss of hands, feet, sight, speech, or hearing.
CAP
PL
(1) The total incentive opportunity a sales representative can
ACCOUN T - BASED PENSION earn in a given period. (2) A cap on other pay elements (for
A defined contribution (DC) retirement account that is drawn example, an expatriate allowance). Also known as a maximum, lid
down regularly for “pension payments.” The pension ceases or ceiling.
when the account balance runs out. The individual must draw
down a mandatory minimum amount each year, depending on
age. CHILDCARE LE AVE
Leave for female and male employees who take care of their
child; it is provided after maternity leave.
ACQUIRED RIGH TS
The legal notion that once an employer provides an employee
to provide that benefit.
ACT UARIAL VALUATION

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with a benefit on a regular basis, there is a contractual
agreement between the employer and the employee to continue
Valuation by an actuary to determine benefit liability and test

CHILDCARE SUPPORT
The support provided by an organisation in various ways to look
after dependant children.
CHRISTMAS BONUS
The annual guaranteed bonus associated with Christmas.
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future funding or current solvency of the value of the pension
fund’s assets with its liabilities. CL AIM
A demand to the insurer by, or on behalf of, the insured person
BENEFICIARY for benefit payment under a policy. Although medical billing
A person or legal entity designated as the recipient of any personnel process many claims, sometimes the individual may
benefits provided by life insurance and/or an accidental death need to make direct payments to the medical provider and be
and dismemberment plan or from a benefactor. reimbursed by the policy.

ABOUT THIS REPORT
CL AIMS BASE CLUB SUBSCRIPTION
Actual incurred claims for the employee base during the An annual subscription fee for golf club or equivalent
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previous two- or three-year period under the same benefits membership.
plan.
COEFFICIENT OF DETERMINATION
CL AIMS FIDUCIARY The proportion of variation in the dependent variable that can
A fee assessed to a client by the insurance company to take on be attributed to the relationship with another variable or a
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a liability for them. A fiduciary relationship field exists when a combination of variables. It has values between 0.0 and 1.0. For
self-funded client hires an insurance firm to control its claims. simple linear regression, it has a value equal to the square of the
The client uses the insurance company’s specialised skill of correlation coefficient.
processing health insurance claims.
COINSUR ANCE
CL AIMS REVIEW An arrangement under which the covered person pays a fixed
Review of claims by government, medical foundations, percentage of the cost of medical care after the deductible has
professional standards review organisations (PSROs), insurers, been paid. For example, an insurance plan might pay 80% of the
or others responsible for payment to determine liability and allowable charge, with the insured individual responsible for the
payment amount. The review may include determination of the remaining 20% (the coinsurance amount).
claimant’s eligibility; of the provider’s eligibility so the benefit is
quality.
CL AIMS SHARING
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covered; that the benefit is not payable under another policy;
and that the benefit was necessary and of reasonable cost and
A payment method that involves the employer and employee

COLLECTIVE BARG AINING
AGREEMENT
An agreement between employee groups and employers that
details work conditions, including work hours, vacation and
holiday entitlements, termination of service provisions, and
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sometimes benefit entitlements. These agreements may be
paying a set portion of the bill in terms of a percentage or a
specific to one company or industry or apply nationally.
fixed amount.
CLOTHING ALLOWANCE
The annual guaranteed cash allowance for uniform- or other
dress-related expenses.

ABOUT THIS REPORT
COMPANY CAR CO ST - OF - LIVING ADJ USTMENT
A car provided to an employee on the basis of status, not job An across-the-board wage and salary increase or supplemental
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need. It is a benefit only for employees who can use company payment designed to bring pay in line with increases in the cost
cars for private use on an ongoing basis. of living to maintain real purchasing power.
COMPENS ATION COVERED WAGES

Cash and noncash remuneration provided by an employer to an The amount of employee wages or salaries used to determine
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employee for services rendered. corresponding benefit amounts (for example, pension
calculations are usually based on salary and normally do not
include variable compensation such as bonuses).
COMPRES SED WORK WEEK
An alternative work schedule, such as four 10-hour days or more
complicated rotations that produces extended “weekends.” CRI TICAL ILLNES S COVER AGE
Coverage that pays living benefits upon the diagnosis of a
critical illness regardless of treatment, actual expenses, or
CONSUMER PRICE INDE X ( CPI ) other insurance coverage.
A statistical indicator of the cost of living published by an official
government statistical agency, measuring the changes in prices
of a fixed market basket of goods and services purchased by DE ATH - IN- SERVICE LUMP- SUM
government).
CONTR ACTED SAL ARY

The salary stated in a labour contract.
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a hypothetical family; it usually includes housing and education
costs (except where education is mostly financed by the
A payment covering death due to any cause, which is provided
to the spouse, registered civil partner, or family, depending on
the country and plan rules.
DE ATH - IN-SERVICE PENSION

A pension covering death due to any cause, typically as a
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provision of a defined benefit (DB) plan. Post-retirement death
is usually in the retirement plan value (built into the annuity
CONTRIBU TORY PL AN factor). This pension, provided to the spouse or a registered
A group insurance plan issued to an employer under which both
civil partner, depends on the country and plan rules. Actual
the employer and employee contribute to the plan’s cost.
payout may be as a pension or lump-sum equivalent.

ABOUT THIS REPORT
DEDUCTIBLE a life pension. The plan guarantees the contribution amount
The amount of eligible expenses that must be incurred and paid (fixed amount or percentage of salary), not the benefit level
(which is a function of the total contribution and rate of return
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by an insured member before benefits become payable. It is
a special cost-containment measure, wherein the claim is not on accumulated capital). The contribution amount may vary
payable up to a certain amount mentioned in the policy. depending on different factors (age, level, service), country-
specific legislation, and plan construction. It transfers the risks
(investment, inflation) to the employee.
DEFINED BENEFI T ( DB ) PL AN
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A retirement plan where employee benefits are allocated
based on a formula, using factors such as salary history and DEPENDANT COVER AGE
employment duration. It does not specify the level or rate Coverage extended to the spouse and dependant children of
of employer contributions; contributions are determined the insured head of a family.
actuarially on the basis of benefits expected to become payable.
The plan promises the participant a specific monthly benefit at DIS ABLEMENT
retirement; the benefit may be accrued as a Inability to work due to a substantial physical, intellectual, or
lump-sum (one large payment converted to pension at psychiatric impairment.
retirement) or pension. There may be additional employee
contributions, depending on country-specific legislation and
plan design. The employer makes contributions to fund future E ARNING S
transferred to the employer.
DEFINED CON TRIBU TION ( DC ) PL AN

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benefits, with risks (investment, salary increases, inflation)
A retirement plan where a certain amount or percentage of

money is set aside each year by a company for the benefit
Total wages or cash received during a specified period (for
example, pay period, month, year) for time worked or service
rendered, including all regular pay, overtime, premium pay,
bonuses, and so on.
EFFECTIVE DATE
(1) The date on which a benefit plan or insurance policy takes
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of the employee. It provides an individual account for each
effect, and from which time coverage is provided. (2) The date
participant, with benefits based on the amount contributed
on which increases in salary or pay rate take effect.
into the plan, income, expenses, gains, and losses. The ultimate
benefit is the accumulated value of the contributions paid by
both the employer and employee. A DC plan with benefit at
retirement age is equal to the accumulated contribution plus
interest or a fixed formula benefit, whichever benefit is higher.
At retirement, the employee converts collected funds into

ABOUT THIS REPORT
ELIGIBILI T Y FOR PL AN HE ALTH INSUR ANCE
The basis for determining the individuals or employee classes A plan that covers or shares the expenses associated with
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eligible to participate in a particular plan, such as an incentive or healthcare. It covers expenses for sickness or injury, including
supplemental benefit plan. The employer may base this eligibility insurance for losses from accident, disability, medical expense,
on salary, job grade, organisation unit or function, or a number or accidental death and dismemberment (AD&D).
of other criteria.
HOLIDAYS
EXPATRIATE
PL
Specific days when most employees do not work but are paid as
An employee assigned to live and work outside the home or base if they did. Employees who work on such days typically receive
country temporarily (usually for one-to-five years), other than premium pay or compensatory time off. The number of paid
for a short-term assignment or permanent transfer. Also known holidays granted by employers varies considerably by industry
as a foreign-service employee or international assignee. and, to a lesser extent, by geographic region.
FAMILY ( CARE ) LE AVE HO SPI TALISATION COVER AGE

Time off, either paid or unpaid, provided to employees (male Expenses on hospitalisation for a minimum period of 24 hours,
or female) to care for their own serious medical condition or a which are admissible under a policy. This time limit does not
seriously ill family member, new baby, or adopted child. Family apply to specific treatments defined under day-care treatment
leave policies are usually broader than parental leave policies. in a hospital or nursing home.
FLEXIBLE BENEFI TS
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A programme where employees choose, within limits, the
benefits provided by the employer. It follows the idea that
individual employees have a better understanding of their
benefit needs than the employer does.
HYBRID BENEFI T PL AN
A mixture of defined benefit (DB) and defined contribution (DC)
features in a single plan. Companies may provide DB plans to
existing employees and DC plans for new hires (in effect, two
separate plans) under retirement benefits. Examples include:
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►► A DC plan that provides a guaranteed minimum DB payment
FLEXIBLE BENEFI TS COMPONENT upon retirement.
A noncash option to which employees can choose to allocate
beforeand/or after-tax salary. Employees typically take these ►► A DC plan with benefit at retirement age equal to
items as salary sacrifices, which reduce taxable salary — and, accumulated contributions plus interest or a fixed formula
hence, pay-as-you-go (PAYG) tax — as shown on the payment benefit, whichever benefit is higher.
summary. Some items are subject to fringe benefit tax (FBT).

ABOUT THIS REPORT
INCLUSIONS IN VOLUNTARY TERMINATIONS
Benefits provided in a specific policy in addition to benefits The number of employees dismissed by a company during the
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offered in the policy coverage. 12-month period of the most recently ended calendar year. It
includes only full- or part-time permanent staff; it does not
include contract or casual staff.
INPATIENT
An individual admitted to a hospital as a registered bed patient
for treatment by a physician for at least 24 hours. LOCKOU T
PL
A temporary company shutdown by the employer, or a situation
whereby the employer bans a number of employees from
INPATIEN T SER VICES reaching their workplace, with the aim of forcing employees and
Services provided under the direction of a physician for at least
the union to abandon their claims and demands.
24 hours to an individual admitted to a hospital as a registered
bed patient.
LONG - TERM CARE (LTC)
Assistance provided to employees or their family members who
INSTALMEN T VESTING are unable to provide for themselves as the result of a disability
A characteristic of some retirement plans by which employees’
or prolonged illness. Unlike other healthcare benefits, LTC
matching contributions are exercisable in a series of successive
premiums can be payable from the employee’s cheque only on
instalments. Vesting occurs over a period, typically
an after-tax basis, with the premium waived while the employee
three-to-five years.
IN TEGR ATION OF BENEFI TS M

In the context of retirement plans, a coordination of plan
benefits or contributions with social security. Integration allows
more benefits or contributions for higher-paid employees due
is receiving benefits. The premiums increase with age. LTC
involves custodial care given at home or in a nursing home for
people with chronic disabilities and lengthy illnesses.
LONG - TERM DISABILI T Y (LTD )

COVER AGE
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to the fact that, once they retire, a smaller percentage of their
pre-retirement earnings will be paid by social security. Coverage that protects employees from catastrophic illness or
injury that permanently disables the employee from any kind of
employment. Benefits may take the form of a pension or
lump-sum.

ABOUT THIS REPORT
LUMP- SUM PAYMEN T MATERNI T Y LEAVE
The delivery of a compensation element, such as a mobility A leave of absence for female employees before and after
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premium, paid in one (or more) sum(s), as compared to a childbirth.
foreign-service premium, which is typically paid on an ongoing
basis throughout the assignment. Payment of more than one
component of expatriate-related compensation without
MEAL ALLOWANCE
An annual guaranteed cash allowance for subsidised meals or
separate identification of the components.
luncheon vouchers.
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MANDATORY PR ACTICE MEDIAN
The benefits provided by social security or mandatory
The middle item in a set of ranked data points containing an odd
employer-sponsored plans.
number of items. When an even number of items are ranked, the
median is the average of the two middle items. Also known as
MANDATORY TERMINATION the 50th percentile.
INDEMNI T Y
A lump-sum payment that must be made by the company (or MEDICAL INSUR ANCE
that has been prefunded by the company, possibly through an Insurance that can cover costs of hospitalisation, outpatient,
outside agency other than social security) when an employee surgery, and others; it is a supplemental insurance in addition to
retires.
MATERNI T Y AND PRE - /PO ST - NATAL

CARE
M
Preventive care programmes for female employees that provide
health coaching and improve awareness for managing maternity
statutory health insurance.
NORMAL RETIREMENT AGE (NR A)

The age at which a person may first become entitled to full or
unreduced benefits based on age.
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and labour. OU TPATIEN T
A provision for coverage for employees’ outpatient visits to
general practitioners (GPs) and specialists. An individual who
MATERNI T Y BENEFI T receives healthcare services on an outpatient basis and does
The treatment taken in a hospital arising from, or traceable to,
not stay overnight in a hospital or inpatient facility. Services
pregnancy and childbirth.
provided to an individual who is admitted to a hospital or clinic
for treatment that does not require an overnight stay.

ABOUT THIS REPORT
OVERTIME PAY PERQUISI TE
A payment for work outside ordinary work hours or for time A benefit or “perk” tied to a specific key or management level
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worked in excess of standard hours during the reporting period. job (for example, a company car for personal use, free meals,
financial counselling, or use of company facilities). A perk’s
status value often exceeds its financial value. It is an incident
PART-TIME EMPLOYEE payment, privilege, or advantage over and above the regular
An employee who may be hired for jobs other than skilled or
income, salary or wages.
unskilled, manual or clerical, for any period as per the terms
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agreed between the parties.
PL AN DOCUMENT
The document governing the benefit plan, and defining the
PATERNI T Y LE AVE benefits provided by the plan and the rules for administering it.
A leave of absence for male employees after childbirth.
It is a legal document, so the plan terms are binding, and usually
lengthy and difficult to read.
PAY AS YOU G O ( PAYG )
A system whereby businesses and individuals can pay
instalments of expected tax liability on income from employment,
POIN T OF ORIGIN
The city/country of primary residence in the expatriate’s home
business or investment for the current income year.
country prior to the assignment; the location to which the
company agrees to return the assignee for home leave and at
PENSION
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A sum of money paid as a series of regular payments to an
individual as a retirement benefit.
PERMANENT EMPLOYEE
An employee engaged in work of a permanent nature likely
repatriation.
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to last for more than nine months and who should have
satisfactorily completed a probationary period of three or six
months.

ABOUT THIS REPORT
PREMIUM PUBLIC HOLIDAY
(1) The extra pay, beyond the base wage rate for work A statutory and local public holiday at the place of work in
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performed outside or beyond regularly scheduled work periods addition to holidays.
(for example, Sundays, holidays, weekends, night shifts). Also
known as a differential. (2) The extra pay for
high-demand knowledge or skills. Also known as a differential.
REIMBURSEMENT
A payment that compensates the employee exactly for all or
(3) In an international context, an incentive paid to expatriates
an agreed part of an expense already incurred (for example,
for undertaking a foreign assignment; it is typically 10%–20%
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kilometre reimbursement while travelling for business), although
of base pay and continues month to month for as long as an
not necessarily disbursed. The employer considers the expense
employee is an expatriate. (4) In a benefits context, the amount
to be its own, and the employee incurs the expenditure on
paid to a health plan or insurance company by an employer
behalf of the employer.
or beneficiary for health insurance coverage; it can be a flat
monthly or quarterly fee.
REMUNER ATION
A term interchangeable with compensation, relating to all
PROBATION PERIOD monies, perquisites, and benefits delivered to an employee in
An evaluation period for newly hired employees. It is usually the
exchange for services.
first three or six months of employment (as per company policy),
during which an employment contract can be terminated by
either party with prior notice.
PROBATIONARY CON TR ACT M

A contract for employees provisionally hired to fill a permanent
vacancy and who have not completed a probationary period of
three months.
RETRENCHMENT
The process of terminating workers’ employment contracts to
reduce the costs of running a business or organisation. The
employees generally receive financial compensation according
to law or per a formula decided by the company.
RIDER
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A clause that indicates whether a benefit is financed as part of
PROVIDEN T FUND another policy (for example, a dental benefit may be a rider to a
A fund that pays benefits to employees who are fund members
medical plan).
upon termination of their employment.

ABOUT THIS REPORT
SEVER ANCE AMOUN T SICK LE AVE
The money in addition to wages and any other money an Paid time-off for employees suffering from illness or
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employer owes employees when their employment ends, such as nonoccupational injury. The employer usually coordinates or
through a mass layoff. integrates it with short-term disability (STD) plans.
SEVER ANCE /BENEFI TS SOCIAL SEC URI T Y

The comprehensive federal programme of benefits providing
CONTINUATION
PL
workers and their dependants with retirement income, disability
Continuation of an employee’s salary after termination, paid
income, and other payments, funded by social security tax.
either in a lump-sum or on a continuation basis. The amount
is usually on the basis of the employee’s length of service.
Benefits continuation may be part of a severance package to STAT U TORY REQUIREMEN T
provide continued coverage under the medical or other benefit A provision or law enacted, regulated, or authorised by a
plans for the employee and/or dependants for a period after legislative body.
termination.
STEP- R ATE FORMUL A
SEVER ANCE PAY The method for determining a benefit on compensation above
The average pay and benefits package given to employees who the social security integration level in a defined benefit (DB)
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left the organisation during the 12-month period of the most
recently ended calendar year. It includes all the necessary
payments, such as leave entitlement, medical continuity
benefits, and so on.
SHORT-TERM DISABILI T Y ( STD)

plan.
STRIKE
A “turn out” or cessation of work organised by employees in any
industry, acting in combination, to protect their professional and
economic interests. Partial stoppages of work, hunger strikes
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accompanied with cessation of work, sit-ins, and “pen-down”
COVER AGE strikes all fall within the definition of strike.
An insurance that covers a percentage of an employee’s lost
salary in the event of a temporary injury or illness that can last
for a few weeks.

ABOUT THIS REPORT
SUPER ANNUATION TOTAL PERMANENT DISABILI T Y
A monthly payment to an individual who has retired from work. A condition where an individual has been continuously absent
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An organisational pension programme created by a company from work through injury or illness for a specified period and
for the benefit of its employees, whereby employees have the has become incapacitated to the extent that the individual
option of contributing a certain amount towards their pension can never engage in any work for which he or she is suited by
payment. education and training.
SUPPLEMEN TAL PL AN VESTING
PL
A plan serving as a supplement or addition to a basic plan. Also Acquisition by a plan member of an absolute right to an
known as an ancillary plan or voluntary plan. immediate or deferred benefit by fulfilling prescribed conditions,
especially service requirements. The process (time period) by
which employees accrue nonforfeitable rights over employer
TERM LIFE INSUR ANCE contributions that are made to the employee’s qualified
A renewable life insurance contract that specifies beginning and
retirement plan account. The right of an employee to all
ending dates for coverage and has no cash value at termination.
or a portion of benefits accrued, attributable to employer
It provides financial protection to an employee’s dependants
contributions, that is not contingent upon a participant’s
against the employee’s loss of life due to any cause (natural,
continuation of employment. Employer contributions vest
accidental, or otherwise) to the extent of the sum assured and
according to a schedule defined by the plan and are usually
opted for by the company.
TERMINATION
M
The act of ending an employee’s employment for any reason.
TERMINATION INDEMNI T Y
based on years of service.
VESTING PERIOD
The time required for options/shares/performance units/
long-term cash to vest and (in the case of options) become
exercisable in full. It refers to all plan types.
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A legally required payment due to the employee upon dismissal
or retirement. These payments can be extremely high in certain
countries and, at times, may be payable under any termination
VOLUN TARY CONTRIBU TION
A contribution in addition to the mandatory contribution that a
circumstances, including the employee’s voluntary resignation.
member can pay to the retirement scheme to increase future
retirement benefits.

ABOUT THIS REPORT
VOLUNTARY PL AN
Also known as ancillary plan.
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VOLUN TARY SEPAR ATION
The termination of employment where the employee initiates the
separation process through resignation.
PL
VOLUN TARY TERMINATION
The number (headcount) of employees who resigned or retired
voluntarily during a 12-month reporting period.
WAI TING PERIOD

A specific period set forth in an insurance policy or healthcare
plan document that requires an individual to wait a certain
period before being eligible for coverage under the plan. For
example, a healthcare plan may require an individual to wait
90 days before coverage under the plan is permitted, and to
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have healthcare expenses paid or reimbursed for services or
treatment received from a healthcare provider. Working hours
per day: The number of hours an employee works in a day,
exclusive of lunch and other breaks.
WORKING HOURS PER WEEK

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The minimum hours an employee needs to work during a work
week. The work week and working hours may vary based on
gender, country, and industry/sector.

ABOU T MERCER
At Mercer, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers.
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We’re in the business of creating more secure and rewarding futures for our clients and their employees — whether we’re designing
affordable health plans, assuring income for retirement, or aligning workers with workforce needs. Using analysis and insights as
catalysts for change, we anticipate and understand the individual impact of business decisions, now and in the future. We see people’s
current and future needs through a lens of innovation, and our holistic view, specialized expertise, and deep analytical rigor underpin
each and every idea and solution we offer. For more than 70 years, we’ve turned our insights into actions, enabling people around the
PL
globe to live, work, and retire well. At Mercer, we say we Make Tomorrow, Today.
Mercer LLC and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly
held company (ticker symbol: MMC) listed on the New York, Chicago, and London stock exchanges.
M
SA

For further information, please contact your local
Mercer office or visit our website at
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www.imercer.com
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Global Benefits & Employment Guideline 2017 - Sample

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Global Benefits & Employment Guideline 2017 - Sample

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HE ALTH WEALTH CAREER

ABOUT THIS REPORT

FULL ACCES S TO ALL

HANDBOOKS & GUIDES

HR Guide to Doing HR Atlas Asia Pacific

►► Typical employer benefit practices

►► Overall employment conditions

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 5

BENEFI TS EMPLOYMENT CONDI TIONS

2. Retirement benefits 2. Working time

Occupational health and safety

8. Perquisites and allowances

9. Flexible benefits programme

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 6

2017 1.0% 2017 1.0% 2017 1.0%

2015 1.0% 2015 1.0% 2015 1.0%

TOTAL POPUL ATION GENDER R ATIO,

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 8

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 9

SUPPLEMENTAL PROVISION, DC PLANS

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 10

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 11

NORMAL RETIREMENT AGE MALE/FEMALE: 60

CONDITIONS FOR RECEIVING BENEFITS

NORMAL RETIREMENT BENEFITS

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 12

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 13

T YPICAL SUPPLEMENTARY BENEFI TS ARR ANGEMENT

DEFINED BENEFIT PLAN SUPPLEMENTAL

SPONSORING EMPLOYER Lorem Ipsum

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 14

FORM OF PAYMENT Sed ut perspiciatis unde omnis iste natus error.

DEATH-IN-SERVICE BENEFITS — SURVIVOR AND/OR

DEATH AFTER RETIREMENT BENEFITS

Sed ut perspiciatis unde.

Sed ut perspiciatis unde omnis iste natus.

FREQUENCY OF VALUATIONS Lorem ipsum dolor sit amet

LOCAL ACCOUNTING STANDARD Lorem ipsum dolor sit amet

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 15

SPONSORING EMPLOYER Ut enim ad minim veniam, quis nostrud exercitation ullamco.

NAME OF PLAN Ut enim ad minim veniam, quis nostrud exercitation ullamco.

GOVERNING DOCUMENTATION Ut enim ad minim veniam, quis nostrud exercitation ullamco.

NORMAL RETIREMENT AGE

CONDITIONS FOR RECEIVING BENEFITS

Ut enim ad minim veniam, quis nostrud exercitation ullamco.

FORM OF PAYMENT Ut enim ad minima veniam.

PENSION INCREASES Ut enim ad minim veniam, quis nostrud exercitation ullamco.

DISABILITY BENEFITS Ut enim ad minim veniam, quis nostrud exercitation ullamco.

DEATH-IN-SERVICE BENEFITS — SURVIVOR AND/OR

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 16

FINANCING METHODS Lorem ipsum dolor sit amet.

EMPLOYEE INVESTMENT CHOICE Lorem ipsum dolor sit amet.

HYBRID ALTERNATIVES Lorem ipsum dolor sit amet.

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 17

SUPPLEMENTAL PROVISION, ACCIDENTAL DEATH

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 18

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 19

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 20

T YPICAL SUPPLEMENTARY BENEFI TS ARR ANGEMENT

DEATH BENEFITS SUPPLEMENTAL

CONDITIONS FOR RECEIVING BENEFITS

© 2017 Mercer LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE 21

ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) SUPPLEMENTAL