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their dependents to protect them against the financial burden that comes with illness or injury.
Flexible Loan Facilities The Corporation offers an interest free loan facility that is tailored to
address the various financial needs of the employees. Its flexibility lies in the loan purpose,
amount, and guidelines.
Educational Program This helps meet the financial requirements of employees who desire to
pursue further studies. It includes loan facilities for the educational needs of employees
dependents.
Rice and Clothing Allowances The Corporation provides a monthly sack of rice to each rankand-file employee. Employees also receive a clothing allowance for their proper work attire.
Insurance and Death Benefits Financial assistance is extended to the bereaved family to help
defray expenses incurred as a result of the demise of the employee or an immediate family
member of an employee.
Retirement Benefits The Corporation provides a noncontributory fund to assist the employee
in preparing for a comfortable life even after retirement.
Employee Benefits Information
System (EBIS) The Corporation uses a computerized system to facilitate on-line processing of
employee benefi ts, such as statutory benefits, company loans, and separation benefi ts. This
system also monitors the medical expenses and benefi ts that employees avail of.
Training and Development
Development has a two-pronged objective: to achieve corporate goals, and to realize individual
employee career objectives. These objectives can be synchronized to propel both the
organization and the individual to reach the highest level.
SMC upholds the principle of total development covering business/management skills,
technical/functional skills, task and people orientation, values and attitudes. Corporate Human
Resources is responsible for continuous learning in the Corporation. Managers have the major
accountability for creating ongoing learning opportunities in their respective work units.
Employees are also accountable for their own learning and initiative to learn.
SMC Training Infrastructure Corporate Management Training is under Corporate Human
Resources. Functional Schools are placed under the responsiblity of the respective
functions/departments concerned. Core Technology Schools focus on SMCs core technology.
Synergy of all the Schools takes place through the SMC Training Council where all the Schools are
represented. Corporate Training and Development assists the Functional Schools in curriculum
and module design. Experts on the subject matters come from the respective functions.
Developmental Approaches These cover formal education and on-the-job learning. Customized
internal or external training programs demonstrate formal education on management/business,
technical/functional skills, people management, and personal effectiveness. On-the-job learning
comes through job transfers/cross-postings, special assignments, coaching/mentoring,
memberships in professional organizations, and self-development.