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Managing Human Resources Chapter 12 pensation - Employee Benefit Plans.doc

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Managing Human Resources Chapter 12 pensation - Employee Benefit Plans.doc

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文档介绍:Managing Human Resources Chapter 12 pensation - Employee Benefit Plans
Chapter
12
pensation: Employee Benefit Plans
Strategic Considerations in the Design of Benefits Programs
anization’s stage of development
Projected rate of employment, growth, or downsizing
Geographic redeployment
Acquisitions
Expected changes in profitability
Each of these conditions suggests a change in the optimum “mix” of benefits to be consistent with long-term business plans
Classifying Benefits
Three broad categories exist for classifying benefits
Security and health
Payments for time not worked
Employee services
Security & Health Benefits
Life Insurance
Workers’ compensation
Disability Insurance
Hospitalization, surgical, and maternity coverage
Health anizations (HMOs)
Other medical coverage (dental, mental health, substance abuse)
Sick leave
Pension plans
Social Security
Unemployment insurance & supplemental unemployment insurance
Severance pay
Payments for Time Not Worked
Vacations
Holidays
Reporting Time
Personal excused absences
Grievances and negotiations
Sabbatical leaves
Employee Services
Employee Services – a broad range of benefits that employees qualify for purely by virtue of their membership in anization, and not because of merit
Some examples include tuition aid, credit unions, auto insurance, company car, food service, stock-purchase plans, p