Every employer is required to select a private carrier and acquire accident compensation insurance.
You must deduct 5% of each employee's pay and equal that payment to social security. If the employee requests it, you may withhold a greater proportion of their pay to make a larger donation.
Employees may be eligible to receive social security money for old-age pensions, senior citizen benefits, disability pensions, survivor's pensions, and death benefits.
While there are no monetary advantages for workers on sick or maternity leave, they may be eligible for free medical treatment at government health facilities. Various hospital and medical services are included in the senior citizen benefit plan and work injury program.
There are no mandatory perks, but many companies utilize them to motivate employees and reward them for their efforts. You have the option of providing extra advantages at your discretion.