Hi-Lo Employee Benefits
We offer superior benefits to our permanent employees:
Portable Annuity Plan
- This is Employee Contributory only, where a percentage of the employee’s earnings are deducted monthly and remitted into their Portable Annuity Account. Hi-Lo does not contribute to this plan.
- BIR Approved Tax Relief
Employee Stock Ownership Plan (ESOP)
- Hi-Lo purchases shares on behalf of the employee which are held in trust at Neal & Massy.
- Long Term Investment.
- Dividend payout by Neal & Massy Limited twice per year (January and June).
Group Life Insurance
- Employer/employee contributory.
Group Health Insurance
- Medical, Optical and Dental coverage within the Plan with various respective limits
- Coverage applies to both the employee and dependents of the employee, that is, spouse and children.
Employee Assistance Programme
- Confidential professional counseling to employees and their immediate family to help cope with personal as well as work-related problems.
- Range of services provided: Financial planning advice; Diagnostic sessions: psych-educational assessments or career development guidance.
- All services fully paid for by the company.
- Strictly confidential.
Employee Education Assistance Programme
- Financial assistance to employees interested in pursuing external performance development initiatives.
- Fifty percent (50%) tuition reimbursement for successful completion of approved academic programs.
Credit Union
Membership is open to all employees on a voluntary basis.
- Neal & Massy North Credit Union and Canning’s Credit Union.
