Albany, NY -- (SBWIRE) -- 12/11/2014 -- Synopsis

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

An overview of state and compulsory benefits in the Dominican Republic

Detailed information about private benefits in the Dominican Republic

Insights into various central institutions responsible for the administration of the different branches of social security

The regulatory framework for employee benefits in the Dominican Republic

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Executive summary

The Dominican Republic has a comprehensive social security system. There are three schemes under which social security benefits are granted to the country's residents and citizens: a contributory scheme that covers employees, a contributory subsidized scheme for self-employed individuals and technicians that is yet to be implemented, and a fully subsidized scheme that covers unemployed and severely disabled persons who do not have a stable income and earn below the minimum wage. The 2003 economic crisis forced the government to reduce public social spending, discontinue several programs and focus on the social protection of the country's poorest residents through the introduction of the solidarity card and programs like the eating first incentive program, attendance incentive and incentive for higher education

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Scope

This report provides a detailed analysis of employee benefits in the Dominican Republic:

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, medical benefits, workmen's compensation, maternity and paternity benefits, solidarity benefits, leave and holidays, and overtime compensation

It highlights the economic and regulatory situations relating to employee benefits in the Dominican Republic

Reasons to buy

Make strategic decisions using in-depth information related to employee benefits in Dominican Republic

Assess the Dominican Republic'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 Dominican Republic

Gain insights into key organizations governing Dominican Republic's employee benefits, and their impact on companies

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Key highlights

The Dominican Republic has a comprehensive social security system.

There are three schemes under which social security benefits are granted to the country's residents and citizens: a contributory scheme, a contributory subsidized scheme and fully subsidized scheme.

Retirement benefits, death benefits, disability benefits, short-term sickness benefits, maternity benefits and workmen's compensation benefits form a part of state and compulsory benefits in the Dominican Republic.

personal development and training activities, car allowance, share option plan, health and safety programs, family benefits, housing allowance, dental insurance, sales incentive and childcare benefits are some of the private benefits.

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