Why can’t the HR director peacefully climb Mount Kinabalu?
Most multinational companies provide supplementary retirement benefits. Retirement benefits can be a key factor in attracting and retaining talent, so an HR director should make sure the benefits are aligned with his or her company’s overall HR strategy and business objectives. How can the finance director have a quiet drink in Penang? Perhaps she can. Most multinational companies would prefer to supplement the EPF using a defined contribution arrangement. However, defined benefit plans are still relatively common and having such a plan may affect the balance sheet and require appropriate governance measures. Back to top Philippines: Pearl of the Orient seas On 1 September 1957, the Social Security Act, now known as the Social Security Law, was implemented, marking a significant milestone in the Social Security programme. Social Security provides replacement income for workers in times of death, disability, sickness, maternity and old age. Under the Labour Code, an employee who reaches
