The Report Employee Benefits in New Zealand provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Albany, NY -- (SBWire) -- 01/20/2015 --Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in New Zealand, including:

* An overview of state and compulsory benefits in New Zealand
* Detailed information about private benefits in New Zealand
* Insights into various central institutions responsible for the administration of the different branches of social security
* The regulatory framework of employee benefits in New Zealand

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Executive summary

New Zealand has a comprehensive social security system, which is largely non-contributory. Neither employers nor employees contribute to social security funds as they are tax financed. However, employees and self-employed persons must make contributions to the Accident Compensation Corporation (ACC) scheme, which provides benefits in the event of an accident, either at work or elsewhere. New Zealand nationals, permanent residents and foreign workers temporarily employed in the country are all covered by social security. Social security benefits in New Zealand are administered by Work and Income New Zealand (WINZ). There is a subsidized retirement savings plan – KiwiSaver – which supplements the country's flat-rate universal pension, known as New Zealand Superannuation. Unemployment and sickness benefits are paid after a minimum period of residence (two years for unemployment benefit), irrespective of employment history. However, the country has reciprocal agreements with certain countries such as Australia, Canada, Denmark and the UK, under which nationals from these countries can apply for social security benefits as soon as they arrive to take up permanent residence. Social security benefits are offered at a flat rate (government transfers), irrespective of previous income. Benefits are subject to taxation, and the Department of Social Welfare deducts the tax before granting benefits.

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Scope

This report provides a detailed analysis of employee benefits in New Zealand:

* It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.
* It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, unemployment and private benefits.
* It highlights the economic and regulatory situations relating to employee benefits in New Zealand.

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Reasons to buy

* Make strategic decisions using in-depth information related to employee benefits in New Zealand.
* Assess New Zealand's employee benefits market, including state and compulsory benefits and private benefits.
* Gain insights into the key employee benefit schemes offered by private employers in New Zealand.
* Gain insights into key organizations governing New Zealand's employee benefits, and their impact on companies.

Key highlights

* New Zealand nationals, permanent residents and foreign workers temporarily employed in the country are all covered by social security.
* Unemployment and sickness benefits are paid after a minimum period of residence (two years for unemployment benefit), irrespective of employment history. However, New Zealand has reciprocal agreements with certain countries such as Australia, Canada, Denmark and the UK, under which nationals from these countries can apply for social security benefits as soon as they arrive to take up permanent residence.
* In New Zealand, private pension schemes (superannuation plans) only cover a small portion of employees. Frequent changes in taxation, enforcement of new regulations and changes in the labor market are the main reasons behind the lack of interest in joining the schemes.

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Employee Benefits in the Philippines

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Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in the Philippines, including:

* An overview of state and compulsory benefits in the Philippines
* Detailed information about private benefits in the Philippines
* Insights into various central institutions responsible for the administration of the different branches of social security
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Executive summary

The Philippines is seen as one of Asia's most socially progressive countries, because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic and cultural rights. Female employees and the primary labor force are granted special rights. However, the county has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, distribution of benefits is unbalanced, and only a small proportion of the population benefits.

Employee Benefits in Mexico

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The report provides in-depth industry analysis, information and insights into employee benefits in Mexico, including:

* An overview of state and compulsory benefits in Mexico
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Executive summary

Mexico's social security system was introduced in 1942 and has since evolved in terms of scope and coverage. The Mexican Social Security Institute (IMSS) and the Institute for Security and Social Services for Government Workers (ISSSTE) are the governing bodies of social security system. The existing social security system was introduced on July 1, 1997 and is based on defined contributions instead of the earlier pay-as-you-go system. The system provides coverage for disability, death and retirement benefits. Individual accounts are created for employees and contributions made by employee, employer and government are credited therein.

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