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Employee Benefits in the Dominican Republic

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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 To get Details: – PowerPoint PPT presentation

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Title: Employee Benefits in the Dominican Republic


1

Main Title
Market Research Report 
Employee Benefits in the Dominican Republic
reportscue
2

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
3

Report OverviewThe Dominican Republic has a
comprehensive social security system. There are
three schemes under which social security
benefits are granted to the countrys 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 countrys poorest residents through the
introduction of the solidarity card and programs
like the eating first incentive program,
attendance incentive and incentive for higher
education
4

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, workmens 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
5

Key Highlights The Dominican Republic has a
comprehensive social security system. There
are three schemes under which social security
benefits are granted to the countrys 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
workmens 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. 
6

Table of Contents 1 Executive Summary 2
Introduction3 Country Statistics 4 Overview of
Employee Benefits in the Dominican Republic 5
Regulations 6 State and Compulsory Benefits7
Private Benefits8 Macroeconomic Indicators9
Appendix
7

List of Tables 1 Definitions 2 The Dominican
Republic - Country Statistics 3 Contribution -
Workmen's Compensation 4 The Dominican Republic -
Public Holidays
List of Figures 1 Major Institutions of the
Dominican Social Security System 2 The Dominican
Republic GDP at Constant Prices (US Billion),
2008-20123 The Dominican Republic GDP Per Capita
at Constant Prices (US), 2008-20124 The
Dominican Republic GDP at Current Prices (US
Billion), 2008-20125 The Dominican Republic GDP
Per Capita at Current Prices (US), 2008-2012 6
The Dominican Republic GDP by Key Sectors (),
2008-20127 The Dominican Republic Inflation Rate
(), 2008-2012 8 The Dominican Republic Annual
Average Exchange Rate US-DOP, 2008-2012 9 The
Dominican Republic Unemployment Rate (),
2008-2012 10 The Dominican Republic Household
Consumption Expenditure (US Billion),
2008-2012 11 The Dominican Republic Total
Population (Million), 2008-2012 12 The Dominican
Republic Size of Labor Force (Million),
2008-201213 The Dominican Republic Urban and
Rural Population (), 2008-2012
8

Reason To Buy Make strategic decisions using
in-depth information related to employee benefits
in Dominican Republic Assess the Dominican
Republics 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 Republics
employee benefits, and their impact on
companies To Get Details http//www.reportscue
.com/employee-benefits-in-the-dominican-republic-m
arket
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