Overview
Social protection in the workplace refers to the policies and programs designed to reduce poverty and vulnerability by promoting efficient labor markets, diminishing people's exposure to risks, and enhancing their capacity to manage economic and social risks, such as unemployment, exclusion, sickness, disability, and old age. Robust social protection systems ensure that employees have a safety net, fostering a more secure, productive, and loyal workforce.
Essential Commitment
This principle reflects the commitment to business practices that prioritize the social security and well-being of all employees.
Recommended Measures
Social Security Contributions
Ensure all employees are correctly registered and contributions are paid.
- Adhere to all legal requirements for social security contributions for all employees
Health and Safety Insurance
Provide comprehensive insurance for workplace accidents and health.
- Provide adequate health and workplace accident insurance to ensure employee protection
Retirement Planning
Support employees in planning for their long-term financial security.
- Offer or facilitate access to retirement savings plans and pension schemes
Leave Policies
Establish fair and supportive leave policies for various life events.
- Implement supportive policies for sick leave, maternity/paternity leave, and other essential life events