EOR Glossary
Your comprehensive guide to Employer of Record terminology, HR concepts, and compliance definitions.
1
13th Month Pay
A mandatory year-end benefit in the Philippines equivalent to one month of basic salary, required by law for all employees.
B
BIR (Bureau of Internal Revenue)
Bureau of Internal Revenue - The Philippine tax authority responsible for collecting taxes and enforcing compliance.
D
DOLE
Department of Labor and Employment - The Philippine government agency overseeing labor policies and worker welfare.
E
Employer of Record (EOR)
A third-party organization that legally employs workers on behalf of another company, handling all employment responsibilities.
P
Pag-IBIG
Home Development Mutual Fund - Provides housing loans and mandatory employee savings programs.
PhilHealth
Philippine Health Insurance Corporation - National health insurance providing healthcare coverage.
Professional Employer Organization (PEO)
A firm that provides comprehensive HR services through co-employment arrangements with businesses.
S
SSS
Social Security System - Philippine social insurance providing retirement, disability, and death benefits.