LCS 2nd Term: Employment

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19 Terms

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Employment

refers to contractual relationship where individual(employee) provides labor or services in exchange for compensation from an employer

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Full-time Employment

Regular work with standard hours (40-48 hours)

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Part-time Employment

Fewer hours, often flexible, common in retail and services

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Project-based or contractual worm

Employment tied to the completion of a specific project or duration

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Telecommunicating or Remote work

Work performed outside the office, enabled by digital technology

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Flexible work arrangements (FWAS)

Work performed outside the office, enabled by digital technology

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Work from Home (WFH)

Worl performed at home following the regular schedule

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Compensation

refers to the payment employees receive for their work while benefits are additional entitlement that support well-being and security.

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Overtime Pay and Holiday

Additional compensation for work beyond regular hours or during special days.

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Leave benefits

Such as service incentive leave, maternity, and paternity leave, and parental leave

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Social Protection Benefits

Membership in (SSS), philhealth, PAG-IBIG nd access to retirement savings

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Hwalthy and Safety Provisions.

Employees who work in high-risk environments are entitled to receive safety allowances, hazard pay, and health programs.

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Social Security System

It is a government-mandated social insurance program designed to provide income replacement and financial protection to Filipino workers in the private, professional, and informal sectors during times of contingencies like sickness, retirement, or disability

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Government Service Insurance System (GSIS)

Social insueance institution for public state or government employees in the Philippines

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Philippine Health Insurance Corporation

a government-mandated social health insurance program in the Philippines. This operates exclusively as a medical safety net. Its primary goal is to ensure all Filipinos have affordable acces to medical services

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Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Indistriya, at Gobyerno. (Pag-IBIG)

operates as a mutual fund system that provides social benefits to Filipino workers by pooling their savings to offer affordable housing loans and short-term financial assistance

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Occupational Wellness

refers to personal satisfaction and fulfillment gained from work. Achieved when person's job aligns with their skills, values, and lifestyle.

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Healthy work-life balance

the ability to manage job demands while making time for family, leisure, and personal health.

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