1 / 7

Employee Benefits

Employee Benefits. History. Used to circumvent wage controls during WWII. A perk A right Back to individual responsibility. Pay for Time Not Worked. Unemployment Vacations and Holidays Sick Leave Parental & Family Medical Leave Unpaid May require use of sick leave

lotta
Download Presentation

Employee Benefits

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Employee Benefits

  2. History • Used to circumvent wage controls during WWII. • A perk • A right • Back to individual responsibility

  3. Pay for Time Not Worked • Unemployment • Vacations and Holidays • Sick Leave • Parental & Family Medical Leave • Unpaid • May require use of sick leave • Medical coverage continues • Severance Pay • Supplemental Unemployment Benefits • Auto Workers

  4. Insurance • Worker’s Compensation • Monetary or Medical • Hospitalization, Health and Disability Insurance • Rx, Life Insurance, Dental • Cost reduction • Employee Partial Pay (premium and medical bill) • Outsourcing (administration and even treatment) • Mental Illness • 34 Million people in USA suffer • 24% of disabilities • Part-time and Contingent Workers

  5. Retirement • Social Security • Widow and Orphans Act • Premium would never be increased (FDR) • Pensions • Defined Benefits • Defined Contributions • 401K • Deduct before taxes • ERISA (Employee Retirement Income Security Act) • Vesting • Age • Funding • Benefit • Early Retirement

  6. Personal Services • Employee Assistance Program • Child Care • Domestic Partners • Flexible Work Arrangements • Job Sharing • Telecommuting • Compressed work weeks

  7. Cost out of Control • 35 – 47 percent

More Related