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A recent study of manufacturing hourly compensation demonstrated a similar pattern for the main components (social insurance, wages or salaries, and direct benefits) paid by employers in Canada and Australia: The main divisions of employer costs for employee compensation under the BLS study are wages or salaries and benefits.
While the Philippines is still considered an emerging market, it enjoys a strong and stable economy with low-interest rates, a focus on growing industries such as manufacturing and agribusiness, and a young and educated workforce. This is usually specified in the company’s leave policy. Here’s what you need to know.
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