Defining Benefits Administration
Benefits is simply an additional source or indirect compensation given to employees by a company. In the Philippines, there are mandatory benefits to be given to employees as prescribed by promulgated laws. Benefits Administration is a function of Human Resources that plans and manages the benefits given to such employees.
Types of Benefits
Leave Benefit
Leave Administration is a function in the Human Resource Management that deals with the administration of leave credits. Leaves are also synonymous with Personal Time-off, Planned Time-off and Paid Time-off (PTO).