What is included under employee benefits as prescribed by the Labor Code?

What is included under employee benefits as prescribed by the Labor Code?

• A. Health insurance only
• B. Holiday pay and retirement pay
• C. Bonuses and commissions
• D. Job training programs

Answer: (B)

The answer is correct because the Labor Code specifically outlines certain employee benefits that employers are required to provide. Holiday pay and retirement pay are established benefits that are formally recognized and mandated under labor regulations, which emphasize the rights of employees to certain financial compensations during holidays and at the end of their employment after a period of participation in a retirement plan. Holiday pay assures that employees receive compensation during public holidays, while retirement pay focuses on the financial support employees are entitled to once they retire, based on their years of service and contributions made during their employment. These benefits constitute a fundamental part of employee rights and protections under the Labor Code, ensuring employees are compensated adequately for their service during designated periods and after retirement. Other options present benefits that may not be mandated or formalized directly under Labor Code, as they can vary greatly from one employer to another based on company policy or employment contracts. For instance, while health insurance is a vital employee benefit, it is not universally prescribed in the same manner as holiday and retirement pay. Similarly, bonuses and commissions depend on performance and company policy, and job training programs are often considered more of a workplace initiative rather than a legally mandated benefit.

The answer is correct because the Labor Code specifically outlines certain employee benefits that employers are required to provide. Holiday pay and retirement pay are established benefits that are formally recognized and mandated under labor regulations, which emphasize the rights of employees to certain financial compensations during holidays and at the end of their employment after a period of participation in a retirement plan.

Holiday pay assures that employees receive compensation during public holidays, while retirement pay focuses on the financial support employees are entitled to once they retire, based on their years of service and contributions made during their employment. These benefits constitute a fundamental part of employee rights and protections under the Labor Code, ensuring employees are compensated adequately for their service during designated periods and after retirement.

Other options present benefits that may not be mandated or formalized directly under Labor Code, as they can vary greatly from one employer to another based on company policy or employment contracts. For instance, while health insurance is a vital employee benefit, it is not universally prescribed in the same manner as holiday and retirement pay. Similarly, bonuses and commissions depend on performance and company policy, and job training programs are often considered more of a workplace initiative rather than a legally mandated benefit.