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Statutory Benefits

What are statutory benefits? Statutory benefits are employee benefits that the employer is legally required to offer by law and regulations of a particular state or country. Some common statutory benefits include: Keep in mind that these statutory benefits vary across different states and countries

April 24, 2024
Updated March 5, 2026
1 min read
Glossary

What are statutory benefits?

Statutory benefits are employee benefits that the employer is legally required to offer by law and regulations of a particular state or country.

Some common statutory benefits include:

  • Social Security
  • Mandatory Provident Fund Contributions
  • Health Insurance
  • Annual Leave
  • Paternity Leave
  • Maternity Leave
  • Overtime Pay

Keep in mind that these statutory benefits vary across different states and countries or might have different names. For instance, the Philippine doesn’t officially recognize the term “sick leave”. Instead, they have Service Incentive Leave (SIL). Therefore, employers should be familiar with the specific laws and regulations of the country where they are planning to hire employees.

Since the statutory benefits are mandated by federal, state, or local laws, failure to comply can result in penalties or legal consequences for the employer.

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