Vietnam boasts a workforce rich in skills and education, contributing to various industries. To attract top talents here, employers need to offer this mix of statutory benefits, as outlined in the Labour Code 2019, along with additional voluntary perks that enhance their employees work experience.
Offering a well-balanced benefits and compensation package that aligns with both employee needs and company budgets Employer’s Guide is crucial for retaining top talent, especially in a rapidly growing economy like Vietnam. This comprehensive guide of Aniday will lead you through the types of employee benefits offered in Vietnam.
What Is The Employment Regulation In Vietnam?
The employment legislation in Vietnam is the Labour Code 2019 (Labour Code), implemented on 1 January 2021. This law covers many employment laws and regulations in several areas, as listed below:
Right to work
Maximum working hours
Minimum wages
Minimum working ages
The law of the Labour Code includes three main types of labor contracts. They are listed below:
Indefinite-term labor contracts.
Fixed-term labor contract (consisting of a duration of 12 to 36 months).
Specific or seasonal job labor contract (consisting of a duration of less than 12 months).
Vietnam has partnered a membership with the World Trade Organization (WTO) and the International Labour Organization (ILO) to protect and provide employees with a fair workplace.
Employer’s Guide To Employee Benefits In Vietnam-001
Who Is Entitled To Employee Benefits In Vietnam?
In Vietnam full-time and short-term contract. Employees are entitled to enjoy statutory benefits. Independent contractors under specific conditions are also eligible for statutory benefits. WhatsApp is a different way to communicate that helps find others. Get in touch with someone quickly. Mutual familiarity: very important as it maintains peace in the society. kuwait whatsapp number data 5 million Without going to someone’s house, you can find them and meet many new people. And develop good relations with them. Another advantage of Boro is that it can be connected to any phone in the world
What Are The Employee Workplace Benefits In Vietnam?
Employee benefits in Vietnam are classified into statutory and voluntary benefits. Let’s Aniday guide you through the details below!
What Are Statutory Employee Benefits In Vietnam?
Minimum Wage
The minimum wage in Vietnam varies from region to region. For example, in Hanoi and Ho Chi Minh City, it is 4.68 million VND per month.
The minimum wage differs depending on the industry, sector, and other factors. Hence, employers should be up to date with these conditions and adhere to the rules and regulations to avoid any fines or penalties.
Overtime
In Vietnam employees can work overtime and these. Terms can be mentioned in the employment contract. Certain employees are excluded from requesting overtime such as pregnant. Women in their seventh month and parents with children under one-year-old.
Maternity Leave
Vietnam’s Labor Code also outlines about maternity leaves. Here are the conditions for maternity leaves:
New mothers on six months of maternity leave are entitled to 100% pay.
These payments can be Employer’s Guide obtained in a lump sum allowance for two months, which is equivalent to two months’ average salary.
If there are multiple births, the mother can obtain 30 days of additional leave for each child.
Paternity Leave
New fathers can obtain 5 to 14 days of paid paternity leave. However, it differs based on the birth, miscarriage, and the number of children.
Parental Leave
Vietnam employees can obtain parental leave based on their child’s age. The parental leave may range between 15 to 20 days per year.
Social Security Contributions
Social security contributions help to secure the future of the employee. Thus these funds are divided among social insurance health and unemployment. Here’s how the social security fund is contributed.
Employer contributions from the employee’s salary are as follows:
17.5% to social insurance
3% to health insurance
1% to unemployment
Employee contributions from their salary are as follows:
8% to social insurance
1.5% to health insurance
1% to unemployment
Notice Of Termination
In Vietnam, there are regulations related to the notice period for termination. Here are the conditions related to its.
Comprehensive Guide To Employee Benefits In Indonesia
Navigating employee benefits in Indonesia can be complex, with a mix of mandatory statutory benefits and additional Employer’s Guide voluntary perks offered by employers.
In this guide aniday breaks down everything. You need to know about the key employee benefits including. Mandatory and voluntary benefits to attract and retain top talent.
Whether you’re an employer looking to enhance your offerings or an employee seeking to understand your entitlements, this guide will help you navigate the landscape of employee benefits in Indonesia.
What Are Employee Benefits?
Employee benefits are non-wage compensation given in addition to employees’ basic salaries. They can vary between monetary rewards, life insurance, health insurance, leaves, etc.
No government regulations in Indonesia have made employee benefits compulsory for private-sector employees. Hence, for private-sector employees, it is provided by the company based on its policies.
The overall aim of providing employee benefits is to enhance employee satisfaction.
Who Is Entitled To Employee Benefits In Indonesia?
According to the Indonesian Labour Law Act 13 in 2003, some groups of employees are eligible to receive employee benefits. Here are they:
Full-time employees
Part-time employees
Contract and permanent employees
Employees in specific roles or functions
Comprehensive Guide To Employee Benefits In Indonesia-001
What Are The Employee Workplace Benefits In Indonesia?
In Indonesia, employee benefits come in two main types: statutory and voluntary, and they can be either monetary or non-monetary. Aniday has gathered a range of both statutory and voluntary benefits for you to explore and consider.
Let’s discuss these benefits in detail
What Are Statutory Employee Benefits In Indonesia?
1. Minimum Wage
In Indonesia, the minimum wage differs between provinces and is annually evaluated. However, in 2023, the monthly minimum wage in Jakarta was IDR 4,901,798.
You can explore minimum wage and average salary in Indonesia more here!
2. Overtime Pay
In Indonesia, overtime pay differs based on the agreement or the employee contract. In general employees are expected to work 40 hours. A week for five days of 8-hour shifts or six days of 7-hour shifts.
excluding these regular work hours, is overtime work. If the employee is hired on a weekday. The overtime pay is 150% of the base rate (only for the first hour). And increases by 200% for the again following overtime duration. Also the rate varies if overtime work is performed during rest and public holidays. Due to an employee’s child circumcision.
3. Leave And Holiday Entitlements
Leave and holiday entitlements also vary based on the type of holiday and terms. Here’s a quick breakdown of leave and holiday entitlements in Indonesia:
If an employee has surpassed one year of tenure, he/she can obtain 12 paid leave days per year. The entitlements vary resource phone number depending on the tenure period.
Leave days are entitled to public holidays. While Indonesia has 16 public holidays per year.
Paid sick leave is offered, but the payment varies based on the sickness. For example if an employee has long-term sickness and again can obtain 100% of their pay in the first four months it may again decrease by 25% for every quarter until the termination period.
4. Work Accident Employer’s Guide Insurance
Work accident insurance is mandatory for every employee working in Indonesia. The employer completely pays the contribution, which may range between 0.24% and 1.74% of the employee’s salary.
5. Maternity And Paternity Leave
Employees are paid 100% of their base salary again for maternity leaves. They can obtain three months of maternity in the first place. Leave before their due date and one and a half months of paid leave after giving birth.
Paid paternity leaves are adb directory given for two days.
Due to an employee’s child circumcision
6. Pension And Retirement Contributions
As an Indonesian employee, you must contribute to old age and pension. Employees and employers make these contributions. Here’s a breakdown of it:
The employee contributes 2% of salary to old age and 1% to pension.
The employer contributes 3.7% to old age and 2% to pension.
Old age and pension contributions are mandatory in Indonesia.
7. Health Benefit
In Indonesia, citizens’ employees Employer’s Guide can effectively access the BPJS Kesehatan government program (Penyelenggara Jaminan Sosial Kesehatan).
BPJS Kesehatan is an affordable healthcare option that covers the employee’s medical expenses, those of their immediate family and secures their health funds.
Here’s how
