2019 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES · tum dientremursu mo huconsum nentium pec fac omaiore denat et; essedit ebunt? At vive, que essentertus cons opotia diusupere esinihina,

HEALTH WEALTH CAREERM E R C E R TA L E N T A L L A C C E S S ®

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WORLDWIDE BENEFIT &EMPLOYMENT GUIDELINES

2019

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TABL

E O

F C

ON

TEN

TS

3 MERCER’S GLOBAL PUBLICATIONS

4 INTRODUCTION

6 SAMPLE

9 BENEFITS SECTION

9 Social Security

10 Retirement Benefits

15 Death Benefits

20 Disability Benefits

25 Medical Benefits

30 Maternity/Paternity/Parental Benefits

34 Social Benefits

36 Perquisites & Allowances

39 Flexible Benefits Program

40 EMPLOYMENT CONDITIONS

40 Severance Conditions & Termination Indemnities

43 Working Time

47 Conditions of Entry & Residence

49 Contract of Employment

52 Occupational Health & Safety

54 Industrial Relations

56 ABOUT THIS REPORT57 Methodology

59 ABOUT MERCER

SAMPLE

Stay ahead of today’s tight deadlines and competitive race for labor with these resources. Covering local benefits, global compensation practices, and emerging HR policy trends, this portfolio contains all of the actionable data, insights, and guidance you need to steer your organization to success. Select a title to learn more about each of our industry-leading reports, or visit imercer.com/global for more information.

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GET EVERY THING IN ONE PLACESubscribe to the Talent All Access® Portal for exclusive access to online tools and all of our publications, or schedule a demo with a Mercer representative.

* Exclusive to Talent All Access® subscribers** Not included in Talent All Access®

H E A LT H & B E N E F I T S

Car Benefit Policies Around the World

Global Parental Leave Global Parental Leave Industry Scorecard

LGBT Benefits Around the World*

Worldwide Benefit & Employment Guidelines

Vacation and Other Leave Policies Around the World

Vacation and Other Leave Industry Scorecard

Car Benefit Policies — Global Industry Findings

Severance Pay Policies Around the World

Severance Pay Policies Industry Scorecard

W O R K F O R C E & C A R E E R S

Global Compensation Planning

Global Compensation Planning 20 Year Look Back*

Global Pay Summary

Short-Term Incentives Around the World

The Design of Work Workforce Turnover Around the World

Short-term Incentive Trends — A 10 Year Review*

H A N D B O O K S & G U I D E S

Compensation Handbook*

Global Mobility Handbook*

HR Guide to Doing Business*

HR Management Terms*

HR Atlas*

Incentives Around the World

Salary Movement Snapshot**

New Graduate Starting Salaries

GLO

BAL

PUBL

ICAT

ION

S

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http://www.imercer.com/global

https://www.imercer.com/default.aspx?page=pref&url=%2fproducts%2fwbeg.aspx





https://www.imercer.com/ecommerce/products/talent-all-access



https://www.wrike.com/frontend/requestforms/index.html?token=eyJhY2NvdW50SWQiOjE3OTA2NzIsInRhc2tGb3JtSWQiOjE3ODM1MX0JNDY5ODI1NzIwNzE2MQljYjg2MzRjZWM1NDE0YjhlYjRlYTViOTMyOWY1NTc5Njk5YmFiNjAyM2I5NDJhZTVjMmIxZGI3YTc4YzA2NTA2

https://www.imercer.com/ecommerce/products/Car-Benefit-Policies-Around-the-World

https://www.imercer.com/ecommerce/products/Car-Benefit-Policies-Around-the-World

https://www.imercer.com/ecommerce/products/global-parental-leave

https://www.imercer.com/ecommerce/products/gpl-industry-scorecard

https://www.imercer.com/ecommerce/products/gpl-industry-scorecard

https://www.imercer.com/ecommerce/products/wbeg

https://www.imercer.com/ecommerce/products/wbeg

https://www.imercer.com/ecommerce/products/Vacation-and-Other-Leave-Policies-Around-the-World




https://www.imercer.com/ecommerce/products/Car-Benefit-Policies---Global-Industry-Findings

https://www.imercer.com/ecommerce/products/Car-Benefit-Policies---Global-Industry-Findings

https://www.imercer.com/ecommerce/products/Severance-Pay-Policies-Around-the-World

https://www.imercer.com/ecommerce/products/Severance-Pay-Policies-Around-the-World

https://www.imercer.com/ecommerce/products/spp-industry-scorecard

https://www.imercer.com/ecommerce/products/spp-industry-scorecard

https://www.imercer.com/ecommerce/products/Global-Compensation-Planning-Report

https://www.imercer.com/ecommerce/products/Global-Compensation-Planning-Report

https://www.imercer.com/ecommerce/products/global-pay-summary

https://www.imercer.com/ecommerce/products/short-term-incentives

https://www.imercer.com/ecommerce/products/short-term-incentives

https://www.imercer.com/ecommerce/products/THE-DESIGN-OF-WORK

https://www.imercer.com/ecommerce/products/Workforce-Turnover-around-the-World

https://www.imercer.com/ecommerce/products/Workforce-Turnover-around-the-World

https://www.imercer.com/ecommerce/products/Incentives-Around-the-World

https://www.imercer.com/ecommerce/products/Incentives-Around-the-World

https://www.imercer.com/ecommerce/products/salary-movement-snapshot

https://www.imercer.com/ecommerce/products/ngss

https://www.imercer.com/ecommerce/products/ngss

© 2019 MERCER LLC. 4 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE

INTRODUCTIONWhether you operate in two countries or 20, staying competitive through the creation of effective, attractive, and statutorily correct 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:

► 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 markets around the world.

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INTRODUCTION

REPORT STRUCTURE The 2019 Worldwide Benefit & 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.

This report includes the following sections:

EMPLOYMENT CONDITIONS

1. Severance conditions and termination indemnities

2. Working time

3. Conditions of entry and residence

4. Contract of employment

5. Occupational health and safety

6. Industrial relations

ECONOMIC ENVIRONMENT

BENEFITS

1. Social security

2. Retirement benefits

3. Death benefits

4. Disability benefits

5. Medical benefits

6. Maternity/paternity/parental benefits

7. Social benefits

8. Perquisites and allowances

9. Flexible benefits programSAMPLE

CO

UNTR

Y

COUNTRY

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GDP GROWTH

2019 1.0%

2018 1.0%

2017 1.0%

INFLATION

2019 1.0%

2018 1.0%

2017 1.0%

UNEMPLOYMENT

2019 1.0%

2018 1.0%

2017 1.0%

50% 50% 50% 50% 50% 50%

COUNTRYECONOMIC ENVIRONMENT

TOTAL POPULATION, 2018 WORKING AGE RANGE POPULATION(15–64), 2018

ECONOMICALLY ACTIVE POPULATION (15–64), 2018

TOTAL POPULATION GENDER RATIO, 2018

WORKING AGE (15-64) GENDER RATIO, 2018

ECONOMICALLY ACTIVE (15-64) GENDER RATIO, 2018

10,0001,100,000 1,000

USD1 = BOB6.92EUR1 = BOB7.82Exchange rate as of April 5, 2019


Note: Population size is in thousands.Source: GDP growth, Inflation and Unemployment: International Monetary Fund, World Economic Outlook Database, October 2018; Population: Calculations based on ILO modeled

estimates, ILOSTAT Database, Extracted November 2018. SAMPLE


READING THIS REPORTCOUNTRY

CONTACT DETAILS

LOCAL MERCER OFFICESThere is no Mercer office in Bolivia.

DEFINITIONS

AFP: Administradoras de Fondos de Pensiones, or Private Pension Fund ManagerCEPF: Confederación de Empresarios Privados de BoliviaCNS: Caja Nacional de Salud, the National Health FundCOB: Central Obrera BolivianaDesahucio: Additional payment in case of dismissalIndemnización: Termination indemnitySSO: Mandatory Social SecurityTGN: General Treasury of Nation

CONTRIBUTORS

LOCAL CONTRIBUTORS MCG REVIEWER PROJECT MANAGERS

Agustina Bellido Eduardo Jáuregui Sally Shaw

Florencia Vaquer Deb Rath

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1. SOCIAL SECURITY

GENERAL DESCRIPTION OF SOCIAL SECURITYNihintis Catquo caectorudam in scrimus probuntere, qui con potiu etoravo curiconume in ta rentemus. Sim coenate, us contiondem quem ta novenit atiquon derum id mendeffrei ia patiend uciisquem publin tem est quamquam nocre in dicaus hostiu mors aliam esimedentrid menem, que aventem labuntr averfentem dea rem porum, pulisulto videa quis ses, C. Intiu in sentemus, Catque tat in vid mum sum senatimis, mente, nem terum con restantem dio, que alius, cons res ingulibut consulus esil te condes dellegit. Restur unumus facesim ihilius sum ia verfirm aciere tabus sultum patiendi patilist? Die cons dienatquis, omnos hoctariptier perfecredit? Nam nonsimmorio contebes plicibus menterum unte, nequem te, num converces imusciem fac ides publistante, nonfintiam.

Mae de proximil vaturae dessuli ssedium nocum dem ines mus, convocu spiempri pultimus hilina, culum, fure, nes virmand amquam invenim movidepsed sum test omnes? Nos vid revisum am, medernitest gra? Patatiem dit facchuc omnimuscio conderis errimis, untissic vidium omniterfesta vis, constuam hocum nimmolt oresumus, ut in teatrus audelaritu ina, facemo vidio vir praridemum sedo, fic inatati, consil hos serrit, moves vit C. Itat erius por acerem occiampl. Onoculla modiis nostodi publinaticid merum ta, que nossus, Catium nihi, consuli senit.

Iquam ius. Quast vis comne con vis, quam mei popublibus, C. Antra noccita, ublium hillatum haed in remor los aur lis abustam nequodi furorae, C. Vivatrive, que adductum det, sidees ad dicivasdam fur audacio, noraetod modicit L. Sere nicaequis coenatrum noximo morimis, que furni publicae nos reorumus conuniu ego Catusum nost conclerbitu quemque iaet igno. Etra con nonsum tem etem tum dientremursu mo huconsum nentium pec fac omaiore denat et; essedit ebunt? At vive, que essentertus cons opotia diusupere esinihina, dii in Etraris viderestu vili, qua nemnorbit. Quam se nium aut eti porior achuite ad sit; nosulare fit, conlocam mo nitum mendam nos inati, pra popos aucivit. At quem, nostrit efectas viviventi, seditiem pro, nos avenat L. Multortiem et L. Econsullabus bonem simoverudam publibununum nonsi inatquo nsusse tiquoss unicatillat is hocus sentilici pori sulis clatui sul hos, sus, noximus et Cato tude consulius mo ut virit vignatu ses culius conde haliacto ur hoc mei et? At acit. Lium faciam pec ma, nemenat octoricio iamperis sulicibut facchilic ficaeli, noviviv ivesimum tis nonsupecon senteatus ia Si tem tessimus, orum die habentemque rem tanduconeque nonum, nemuscrei possimil hoc ocum pes bonsus, furentella tam et C. Sp. Ad ad adhuc is de tus M. Anul hordictam perividet? quamquis.

BENEFITS SECTION

SAMPLE

COUNTRY


2. RETIREMENT BENEFITS

OVERVIEW

PREVALENCE CONTRIBUTIONS SALARY CEILING(LOCAL CURRENCY)

EMPLOYER(% OF BASE SALARY)

EMPLOYEE(% OF BASE SALARY)

STATUTORY REQUIREMENT, SOCIAL INSURANCE 100% 10% 10% Sed ut perspiciatis unde.

SUPPLEMENTAL PROVISION, DB PLANS

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua


None.

SUPPLEMENTAL PROVISION, DC PLANS




EFFECTIVE DATE May 1, 2019 CHANGES EXPECTED May 1, 2020

*Covered earnings are limited to 60 minimum monthly wages (monthly minimum wage: BOB2,060 per month since May 2018. Source: Mercer’s Total Remuneration Survey, 2018.

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11

© 2019 MERCER LLC. WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLE11

COUNTRY

HR AREA EFFECTIVE DATE NEW LAW ACTION REQUIRED

RETIREMENT January 2019Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua

No.

RECENT LEGISLATION APPROVED AND PROPOSED

RETIREMENT BENEFITS

BENEFIT SUMMARY REASONS FOR TREND

No significant trends are evident in the market.

TRENDS

SAMPLE

COUNTRY


RETIREMENT BENEFITS STATUTORY

NAME OF STATUTORY RETIREMENT SCHEME Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

TYPE OF PLANLorem 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.

ELIGIBILITY All salaried workers are eligible.

NORMAL RETIREMENT AGE MALE/FEMALE: Age 60

PENSIONABLE EARNINGS Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua

FINAL PENSIONABLE EARNINGSLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

PENSIONABLE SERVICELorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

CONDITIONS FOR RECEIVING BENEFITS Lorem ipsum dolor.

NORMAL RETIREMENT BENEFITS

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa 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,

STATUTORY REQUIREMENTS

RETIREMENT BENEFITS

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COUNTRY


RETIREMENT BENEFITS

RETIREMENT BENEFITS STATUTORY

FORM OF PAYMENTLorem 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.

EARLY RETIREMENT AGE & ELIGIBILITY CONDITIONS All salaried workers are eligible.

EARLY RETIREMENT BENEFITS MALE/FEMALE: Age 60

LATE RETIREMENT AGE & ELIGIBILITY CONDITIONS Pensionable earnings are monthly earnings up to a maximum of 60 minimum monthly salaries (the minimum monthly salary is BOB2,060 as of May 2018).

LATE RETIREMENT BENEFITSLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

PENSION INCREASESLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

EMPLOYEE CONTRIBUTIONS Lorem ipsum dolor.

EMPLOYER CONTRIBUTIONS

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa 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,

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SUPPLEMENTAL/ TYPICAL BENEFITS

WHY COMPANIES SUPPLEMENT STATUTORY REQUIREMENTS Supplementary retirement benefits are typically not provided. Employers consider labor costs high, and the legal framework is not suitable due to the high employee’s protection and lack of tax benefits.

TYPICAL SUPPLEMENTARY BENEFITS ARRANGEMENTNot applicable.

DEFINED BENEFIT PLAN SUPPLEMENTAL

PREVALENCELorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

RETIREMENT BENEFITS

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COUNTRY


3. DEATH BENEFITS

OVERVIEWEFFECTIVE DATE May 1, 2019 CHANGES EXPECTED May 1, 2020




STATUTORY REQUIREMENT, SOCIAL INSURANCE 100% 10% 10% Sed ut perspiciatis unde.

SUPPLEMENTAL PROVISION, DB PLANS



None.

SUPPLEMENTAL PROVISION, DC PLANS




Source: Mercer’s Total Remuneration Survey, 2018. *Covered earnings are limited to 60 minimum monthly wages (monthly minimum wage: BOB2,060 per month since May 2018. An update to this amount was not implemented at time of publication).


There is no recent legislation.

RECENT LEGISLATION APPROVED AND PROPOSEDSAMPLE

16


COUNTRY



TRENDS

DEATH BENEFITS

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COUNTRY



DEATH BENEFITS

DEATH BENEFITS STATUTORY

ELIGIBILITY Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

CONDITIONS FOR RECEIVING BENEFITSSed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa 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

BENEFITS DESCRIPTIONLorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut 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.

WORK-RELATED BENEFITS

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut 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.

EMPLOYEE CONTRIBUTIONS 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.

EMPLOYER CONTRIBUTIONS 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.

SAMPLE

COUNTRY



WHY COMPANIES SUPPLEMENT STATUTORY REQUIREMENTS Death benefits are usually part of life insurance programs, sponsored by the companies.

TYPICAL SUPPLEMENTARY BENEFITS ARRANGEMENT ► Death (natural and accidental causes)

► Dismemberment

► Business travel accident

DEATH BENEFITS SUPPLEMENTAL

PREVALENCE 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.

IS THIS PART OF ANOTHER PLAN Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

ELIGIBILITY Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

RETIREES COVERED No. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

CONDITIONS FOR RECEIVING BENEFITS Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

BENEFITS DESCRIPTIONUt 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.

EMPLOYEE CONTRIBUTIONS 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.

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

SAMPLE

COUNTRY


ACCIDENTAL DEATH & DISMEMBERMENT (AD&D) SUPPLEMENTAL

PREVALENCE Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

IS THIS PART OF ANOTHER PLAN Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

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.

EMPLOYEE CONTRIBUTIONS Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

EMPLOYER CONTRIBUTIONS Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

BENEFITS INSURED Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

OVERALL DESCRIPTION OF PLAN FINANCING Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

TAXATION OF CONTRIBUTIONSUt 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

TAXATION OF BENEFITSUt 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

DEATH BENEFITS

DEATH BENEFITS SUPPLEMENTAL

TAXATION OF CONTRIBUTIONSUt 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

TAXATION OF BENEFITS Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

BUSINESS TRAVEL INSURANCE SUPPLEMENTAL

PREVALENCE Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. SAMPLE

COUNTRY


4. DISABILITY BENEFITS





STATUTORY REQUIREMENT, CAJA NACIONAL DE SALUD 100% Sed ut perspiciatis unde

omnis isteSed ut perspiciatis unde omnis iste

STATUTORY REQUIREMENT, RISK INSURANCE 100% Sed ut perspiciatis unde omnis iste

Sed ut perspiciatis unde omnis iste

SUPPLEMENTAL PROVISION, SHORT-TERM 100% Sed ut perspiciatis unde omnis iste


SUPPLEMENTAL PROVISION, LONG-TERM

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam



*Covered earnings are limited to 60 minimum monthly wages (monthly minimum wage: BOB2,060 per month since May 2018).



RECENT LEGISLATION APPROVED AND PROPOSEDSAMPLE

21


COUNTRY DISABILITY BENEFITS



TRENDS

SAMPLE

COUNTRY


SHORT-TERM DISABILITY BENEFITS

SHORT-TERM DISABILITY BENEFITS STATUTORY

ELIGIBILITY Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

PERIOD OF DISABLEMENT BEFORE BENEFITS BEGIN Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

CONDITIONS FOR RECEIVING BENEFITSIt 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 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 DESCRIPTIONIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

WORK-RELATED BENEFITSIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

EMPLOYEE CONTRIBUTIONSIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

EMPLOYER CONTRIBUTIONSIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.


DISABILITY BENEFITS

SAMPLE

COUNTRY


DISABILITY BENEFITS

LONG-TERM DISABILITY BENEFITS

LONG-TERM DISABILITY BENEFITS STATUTORY

ELIGIBILITYIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

PERIOD OF DISABLEMENT BEFORE BENEFITS BEGINIt 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 Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

CONDITIONS FOR RECEIVING BENEFITS

Lorem Ipsum is simply dummy text of the printing and typesetting industry. 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. 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 Lorem Ipsum is simply dummy text of the printing and typesetting industry.

BENEFITS DESCRIPTION Lorem Ipsum is simply dummy text of the printing and typesetting industry.

WORK-RELATED BENEFITS Lorem Ipsum is simply dummy text of the printing and typesetting industry.

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.

Long-term disability benefits are managed by the government-owned pension administrator, Gestora Pública de la Seguridad Social de Largo Plazo, which works as the social security institute.

SAMPLE

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WHY COMPANIES SUPPLEMENT STATUTORY REQUIREMENTS It is not common for employers to supplement statutory benefits. Social security is sufficient.

TYPICAL SUPPLEMENTARY BENEFITS ARRANGEMENTNot applicable.

DISABILITY BENEFITS

SHORT-TERM DISABILITY BENEFITS SUPPLEMENTAL


LONG-TERM DISABILITY BENEFITS SUPPLEMENTAL


SAMPLE

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5. MEDICAL BENEFITS





STATUTORY REQUIREMENT, SICKNESS/MEDICAL Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry.


SUPPLEMENTAL PROVISION, MEDICALLorem Ipsum is simply dummy text of the printing and typesetting industry.



SUPPLEMENTAL PROVISION, DENTALLorem Ipsum is simply dummy text of the printing and typesetting industry.



SUPPLEMENTAL PROVISION, VISIONLorem Ipsum is simply dummy text of the printing and typesetting industry.



Source: Mercer’s Total Remuneration Survey, 2018.




SAMPLE

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COUNTRY MEDICAL BENEFITS



TRENDS

SAMPLE

COUNTRY


STATUTORY REQUIREMENTS MEDICAL BENEFITS

MEDICAL BENEFITS STATUTORY

ELIGIBILITYLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

CONDITIONS FOR RECEIVING BENEFITSLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

BENEFITS DESCRIPTIONLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

WORK-RELATED BENEFITSLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

DEPENDENT COVERAGELorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

EMPLOYEE CONTRIBUTIONSLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

EMPLOYER CONTRIBUTIONSLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

MEDICAL BENEFITS

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WHY COMPANIES SUPPLEMENT STATUTORY REQUIREMENTSThe mandatory medical coverage is inadequate for many employees, so large companies provide supplemental health coverage.

TYPICAL SUPPLEMENTARY BENEFITS ARRANGEMENTHospitalization, maternity, outpatient expenses, ambulance services, vison, dental, and serious illness treatment are covered. This benefit is usually provided by an insurance company, and is in addition to social security.

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.

CONDITIONS FOR RECEIVING BENEFITS Lorem Ipsum is simply dummy text of the printing and typesetting industry.

BENEFITS DESCRIPTION

Lorem Ipsum is simply dummy text of the printing and typesetting industry. 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.


DEPENDENT 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.

MEDICAL BENEFITS

SAMPLE

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COUNTRY

MEDICAL BENEFITS SUPPLEMENTAL

EXCLUSIONS but also the leap into electronic typesetting, remaining essentially unchanged.

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

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. It was popula-rised 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.

OVERALL DESCRIPTION OF PLAN FINANCING but also the leap into electronic typesetting, remaining essentially unchanged.

TAXATION OF CONTRIBUTIONS but also the leap into electronic typesetting, remaining essentially unchanged.

TAXATION OF BENEFITS but also the leap into electronic typesetting, remaining essentially unchanged.

MEDICAL BENEFITS

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6. MATERNITY/PATERNITY/PARENTAL BENEFITS



STATUTORY LEAVE AMOUNT PAID FUNDING

MATERNITY 60 calendar days. 80% of base pay. Employer.

PATERNITY 5 calendar days. 100% of base pay. Employer.

PARENTAL Not provided. Not applicable. Not applicable.

ADOPTION See maternity and paternity. See maternity and paternity. See maternity and paternity.




TRENDS

OVERVIEWSTATUTORY LEAVE REQUIREMENTS

SAMPLE

COUNTRY


MATERNITY

MATERNITY BENEFITS STATUTORY

CONDITIONS FOR RECEIVING BENEFITS Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.

BENEFITS DESCRIPTION Lorem Ipsum has been the industry’s standard dummy text ever since the 1500.

OTHER COMMENTS





MATERNITY/PATERNITY/PARENTAL BENEFITS

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PARENTAL

PARENTAL BENEFITS STATUTORY

BENEFITS DESCRIPTION Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.

FAMILY ALLOWANCES

FAMILY ALLOWANCES STATUTORY


PATERNITY BENEFITS STATUTORY


OTHER COMMENTS Lorem Ipsum has been the industry’s standard dummy text ever since the 1500.

PATERNITY

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WHY COMPANIES SUPPLEMENT STATUTORY REQUIREMENTS Not available.

TYPICAL SUPPLEMENTARY BENEFITS ARRANGEMENTNot available.

MATERNITY LEAVE SUPPLEMENTAL

PREVALENCE Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.

PATERNITY LEAVE SUPPLEMENTAL


PARENTAL LEAVE SUPPLEMENTAL



SAMPLE

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7. SOCIAL BENEFITS

OVERVIEW




UNEMPLOYMENTLorem Ipsum has been the industry’s standard dummy text ever since the 1500s.


Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.


Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.


TRENDS

UNEMPLOYMENTUNEMPLOYMENT BENEFITS

BENEFITS DESCRIPTION Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s.SAMPLE

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COUNTRY

BURIAL ALLOWANCEBURIAL ALLOWANCE BENEFITS


SOCIAL BENEFITS

SAMPLE

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8. PERQUISITES & ALLOWANCES

OVERVIEWCAR & TRANSPORTATION BENEFITS



EDUCATION


MEAL ALLOWANCES/ SUBSIDIZED EATING FACILITIES


MOBILE PHONES


CAR & TRANSPORTATION BENEFITS

OTHER PERQUISITES & ALLOWANCES

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PERQUISITES & ALLOWANCES

OVERVIEWSAVINGS PLANSHOUSING, COMPANY-PROVIDED

OR ALLOWANCES




ON-SITE DAYCARES



FLEXIBLE SPENDING ACCOUNTS


RECOGNITION AWARDS


SERVICE AWARDS

EMPLOYEE LOANS

SAMPLE

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COUNTRY

TAXATION OF PERQUISITES & ALLOWANCES

TAXATION OF CONTRIBUTIONSLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

TAXATION OF PERQUISITES & ALLOWANCESLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

TAXATION

PERQUISITES & ALLOWANCES

SAMPLE

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9. FLEXIBLE BENEFITS PROGRAM

OVERVIEW

FLEXIBLE BENEFITS PROGRAM


SAMPLE


EMPLOYMENT CONDITIONS

DEFINITION AND CONDITIONS OF FAIR AND UNFAIR TERMINATIONTo dolorpore et que qui cora quaerib erumquasimo bercipit eos ut od mi, as eum volendae molore, consequia velenis verum ut dus autendis dignihillis minvenit ut eum facim dolorepre num que esti dolliam fugitaque et abo. Nem hilles audit optam simus mos es eum quam lamus reptati ntiur? Se nisseni muscid utatem am, sitibus experorest aut faccat mi, consed ullame omniendest, et labo. De proreriorem consequas ma dolenis atusciuntus et rescitem sum simin prectur am aut quiduciist, sitatem porepre nisqui coreius aeribus accab imus eosam necerferro conseque non et iliquae verferc hitatis escit eatur, nullaut esto dolorro quiam resti iduscie nimus.Luptate none doluptatur?

► Volorep edigenitat intium net experuntur siminusda nos doluptam qui ut et offici doluptat.

► Sed qui quas eum quo vollit lias alignisti ium, solupti busdae essunt.

Oluptis doluptus ut proratem ex enis iminci dolores equodis conserchiti blaborerit volora cum dolecum fugiaerum asini bercid maio que eum volupta tiaspiciae lam simagnimpore pa verum seris sandipiet lab illorem reium volupid eribusam fugit, occuptatur?Endantibusa sequianto quibus, te peliquo et ipis audiscilita solupta tataern atquis dunt optas doles dolupti anienia paribus eumquo totati dolenda etur rerferf eritis rem harum, se reictur?

1. SEVERANCE CONDITIONS & TERMINATION INDEMNITIES

HR AREA EFFECTIVE DATE NEW LAW ACTION REQUIREDLorem Ipsum is simply dummy text of the printing and typesetting industry. 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.

INDIVIDUAL TERMINATION


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COUNTRY


SEVERANCE CONDITIONS & TERMINATION INDEMNITIES

Sandia quiat. Aximus delistrum ipsunda epreseria quasimil in recerum, elique pero excere et rempos ist, nis as aut evel isti res abo. Et verio dendunt eiur?

Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

COMPANY NOTICE PERIODEhenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

EMPLOYEE NOTICE PERIODSandia quiat. Aximus delistrum ipsunda epreseria quasimil in recerum, elique pero excere et rempos ist, nis as aut evel isti res abo. Et verio dendunt eiur?

PAY-IN-LIEU OF NOTICE PERMITTEDtotati dolenda etur rerferf eritis rem harum, se reictur?

OTHER REQUIREMENTStotati dolenda etur rerferf eritis rem harum, se reictur?

BENEFITS PAID ON INVOLUNTARY TERMINATION OF SERVICEEhenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?

► Volorep edigenitat intium net experuntur siminusda nos doluptam qui ut et offici doluptat.

Sed qui quas eum quo vollit lias alignisti ium, solupti busdae essunt.Volorep edigenitat intium net experuntur siminusda nos SAMPLE

COUNTRY


SEVERANCE CONDITIONS & TERMINATION INDEMNITIES

BENEFITS PAID ON VOLUNTARY RESIGNATION Ur sum ea dus quatus ea vendion peror aut faciunducia.

DESCRIPTION OF FINANCINGUr sum ea dus quatus ea vendion peror aut faciunducia.

OTHER COMMENTSUr sum ea dus quatus ea vendion peror aut faciunducia.

COLLECTIVE DISMISSAL

DEFINITION AND CONDITIONS OF COLLECTIVE DISMISSALUr sum ea dus quatus ea vendion peror aut faciunducia.

COMPANY NOTICE PERIODUr sum ea dus quatus ea vendion peror aut faciunducia.

PAY-IN-LIEU OF NOTICE PERMITTEDUr sum ea dus quatus ea vendion peror aut faciunducia.

OTHER REQUIREMENTSUr sum ea dus quatus ea vendion peror aut faciunducia.

BENEFITS PAID ON COLLECTIVE DISMISSALUr sum ea dus quatus ea vendion peror aut faciunducia.

DESCRIPTION OF FINANCINGUr sum ea dus quatus ea vendion peror aut faciunducia.SAMPLE

COUNTRY


2. WORKING TIME

WORKING HOURS Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

MINIMUM WAGE Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

OVERTIME Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

SUNDAY WORK Ur sum ea dus quatus ea vendion peror aut faciunducia.




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WORKING TIME

NIGHT WORK Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

REST PERIODS Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

ANNUAL VACATION & LEAVE MANDATORY VACATION ENTITLEMENT Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

SUPPLEMENTAL VACATION PROVIDEDUr sum ea dus quatus ea vendion peror aut faciunducia.

OPTIONS FOR CARRY-FORWARD OF UNUSED VACATION DAYS Ur sum ea dus quatus ea vendion peror aut faciunducia.

OPTIONS FOR PAY-OUT IN CASH OF UNUSED VACATION DAYS Ur sum ea dus quatus ea vendion peror aut faciunducia.

VACATION BONUS Ur sum ea dus quatus ea vendion peror aut faciunducia.SAMPLE

COUNTRY


MANDATORY PUBLIC HOLIDAYS ENTITLEMENTUr sum ea dus quatus ea vendion peror aut faciunducia.

WORKING TIME

PUBLIC HOLIDAY 2019 2020 2021

NEW YEAR’S DAY January 1 January 1 January 1

BOLIVIA´S FOUNDING January 6 January 6* January 6*

CARNIVAL (**) February 27 February 19 March 11

GOOD FRIDAY (**) March 25* March 25* March 25

LABOR DAY April 1* April 1* April 1

CORPUS CHRISTI (**) April 14 April 6 April 26

NEW YEAR AMAZONIC AYMARA April 15 April 7* April 27*

INDEPENDENCE DAY May 1* April 16 April 8

ALL SAINTS' DAY (**) April 16* April 8* April 28*

CHRISTMAS DAY April 17 April 9 April 29

*These holiday falls on a Saturday or Sunday. Every holiday that falls on Sunday is transferred to the next Monday with these exceptions (**).Note: Additional holidays are observed by individual provinces and towns.Source: The World Travel Guide (WTG) and timeanddate.com

SAMPLE

COUNTRY


WORKING TIME

SUPPLEMENTARY PUBLIC HOLIDAYS PROVIDED Ur sum ea dus quatus ea vendion peror aut faciunducia.

SICK LEAVE Ur sum ea dus quatus ea vendion peror aut faciunducia.

MATERNITY LEAVE Ur sum ea dus quatus ea vendion peror aut faciunducia.

PATERNITY LEAVE Ur sum ea dus quatus ea vendion peror aut faciunducia.

PARENTAL LEAVE Ur sum ea dus quatus ea vendion peror aut faciunducia.

BEREAVEMENT LEAVEUr sum ea dus quatus ea vendion peror aut faciunducia.

MISCELLANEOUS PAID LEAVE Ur sum ea dus quatus ea vendion peror aut faciunducia.

MISCELLANEOUS UNPAID LEAVEUr sum ea dus quatus ea vendion peror aut faciunducia.

SAMPLE

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3. CONDITIONS OF ENTRY & RESIDENCE

CONDITIONS OF ENTRY Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

EMPLOYMENT OF EXPATRIATES Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

SPECIAL-PURPOSE VISA (BUSINESS) (30 DAYS)Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.


Ur sum ea dus quatus ea vendion peror aut faciunducia.


SAMPLE

COUNTRY


CONDITIONS OF ENTRY & RESIDENCE

MULTIPLE ENTRANCE VISA (180 DAYS)Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

PERMANENT VISAS (1–2 YEARS)Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

RESIDENCYEhenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

SAMPLE

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GENERAL CHARACTERISTICS


CONTENTS Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

► Ur sum ea dus quatus ea vendion peror aut faciunducia




► Ur sum ea dus quatus ea vendion peror aut faciundu

4. CONTRACT OF EMPLOYMENT


Ur sum ea dus quatus ea vendion peror aut faciunducia


SAMPLE

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TYPES OF CONTRACTS

PART-TIMERSUr sum ea dus quatus ea vendion peror aut faciunducia

WHITE-COLLAR WORKERSUr sum ea dus quatus ea vendion peror aut faciunducia

BLUE-COLLAR WORKERSTUr sum ea dus quatus ea vendion peror aut faciunducia

DURATION Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

TRIAL PERIOD

TUr sum ea dus quatus ea vendion peror aut faciunducia.

INVALID CONTRACTS


CONTRACT OF EMPLOYMENT

SAMPLE

COUNTRY


OBLIGATIONS OF THE PARTIES

EMPLOYER OBLIGATIONSThe employer must:

► TUr sum ea dus quatus ea vendion peror aut faciunducia.

► TUr sum ea dus quatus ea vendion peror aut faciunducia


TUr sum ea dus quatus ea vendion peror aut faciunducia

EMPLOYEE OBLIGATIONSEmployees must:





EMPLOYEES WITH DISABILITIESEhenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?A pregnant woman cannot be dismissed until one year after the birth of her child.

CONTRACT OF EMPLOYMENT

SAMPLE

COUNTRY


Ehenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?

WOMENTUr sum ea dus quatus ea vendion peror aut faciunducia

MINORSTUr sum ea dus quatus ea vendion peror aut faciunducia

EMPLOYER OBLIGATIONSTUr sum ea dus quatus ea vendion peror aut faciunducia

EMPLOYEE OBLIGATIONSTUr sum ea dus quatus ea vendion peror aut faciunducia

5. OCCUPATIONAL HEALTH & SAFETY

MEASURES OF OCCUPATIONAL HEALTH AND SAFETY




SAMPLE


COUNTRY OCCUPATIONAL HEALTH & SAFETY RULES AND IMPLEMENTATIONEhenis ab inciat. Endellenimin ea aut rem quis eum unt quis sunt qui corerum nam volorio voluptium autemperum volore is que cori ut magnia que sintisq uationsequi demposa pelles dolesecatio con rehenis dis dipsum aut hilis et plis etur?

SAMPLE

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6. INDUSTRIAL RELATIONS


SOCIAL PARTNERS

EMPLOYER ORGANIZATIONSTUr sum ea dus quatus ea vendion peror aut faciunducia

EMPLOYEE ORGANIZATIONSTUr sum ea dus quatus ea vendion peror aut faciunducia

COLLECTIVE AGREEMENTSTUr sum ea dus quatus ea vendion peror aut faciunducia




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ABOUT THIS REPORT

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ABOUT THIS REPORT

The Talent All Access® team coordinates sources across all lines of Mercer’s business including Health, Wealth, Career in each local market. Where Mercer does not have a physical presence, local vendors are engaged to ensure a thorough review and update is conducted. Over 150 subject matter experts are involved in this update.

Mercer’s Multinational Client Group (MCG) then reviews the content as a final verification.

The 2019 edition includes information on the economic environment: gross domestic product (GDP), inflation, and unemployment economic data for 2017, 2018, and 2019. 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 2019.

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M E R C E R TA L E N T A L L A C C E S S ®

Simple to use, quick to find, easy to digest content.

Whether you’re focused on business strategy or HR strategy, the data and information you can access through Mercer's Talent All Access® Portal+ is essential for any manager looking to understand the talent environment, identify issues, inform decisions and take short-term action. Gain access to publications, tools, actionable insights, interactive content, and more.

Looking for deeper insights that are also quick reads or actionable? As you juggle more demands with less time, you need insights organized based on your business objectives. Talent All Access content is delivered in many formats such as videos, infographics, checklists and interactive evaluation tools to give you back some time in your day. They're developed to help you design, deliver, grow and transform your workforce.

More Hands-On? Access data on interactive, online platforms; or download excel files to run your own calculations. Need to present to your boss? Grab graphics and visuals directly from Talent All Access reports to incorporate into your presentations. Trying to see into the future? Use the salary budget projections calculator to help forecast increases through to 2022.

Start putting more time back into your day. Find out more about Mercer's Talent All Access Portal+.

© 2019 MERCER LLC. 58 WORLDWIDE BENEFIT & EMPLOYMENT GUIDELINES — SAMPLESAMPLE



ABOUT MERCER Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. Marsh & McLennan Companies is also the parent company of Marsh, which advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions; Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; and Oliver Wyman, which serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.

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https://www.mercer.com/

http://www.mmc.com/

http://usa.marsh.com/

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http://www.oliverwyman.com/index.html

http://www.mercer.com/

http://www.twitter.com/mercer

For further information, please contact your local Mercer office or visit our website at www.imercer.com

Copyright 2019 Mercer LLC. All rights reserved. 19-WBEG-SAMPLE

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