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    Dessler 13

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    Describe each of the main Insurance Benefits. 3. Discuss the main Retirement Benefits. 4. Outline the main employees' services benefits. 5. Explain the main flexible benefit programs. Screen out accident-prone workers. Make the workplace safer. Use case management to return injured employees to work as soon as possible.

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    Dessler 13

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    Victoria Eyelashes
    173 views14 pages
    Describe each of the main Insurance Benefits. 3. Discuss the main Retirement Benefits. 4. Outline the main employees' services benefits. 5. Explain the main flexible benefit programs. Screen out accident-prone workers. Make the workplace safer. Use case management to return injured employees to work as soon as possible.

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    Describe each of the main Insurance Benefits. 3. Discuss the main Retirement Benefits. 4. Outline the main employees' services benefits. 5. Explain the main flexible benefit programs. Screen out accident-prone workers. Make the workplace safer. Use case management to return injured employees to work as soon as possible.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    173 views14 pages

    Dessler 13

    Uploaded by

    Victoria Eyelashes
    Describe each of the main Insurance Benefits. 3. Discuss the main Retirement Benefits. 4. Outline the main employees' services benefits. 5. Explain the main flexible benefit programs. Screen out accident-prone workers. Make the workplace safer. Use case management to return injured employees to work as soon as possible.

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    © All Rights Reserved
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    Download as ppt, pdf, or txt
    of 14
    At a glance
    Powered by AI
    The key takeaways are the different types of benefits employers provide to employees including pay for time not worked, insurance benefits, retirement benefits, and personal services. Flexible benefits and work arrangements are also discussed.

    The main types of benefits discussed are pay for time not worked (such as vacations, holidays, sick leave), insurance benefits (such as workers' compensation, health insurance), retirement benefits (such as pension plans, 401k plans), and personal services (such as employee assistance programs).

    Some of the policy issues to consider when designing benefit packages include who will be covered, coverage during probation, degree of employee choice, which benefits to offer, how to finance benefits, and cost containment procedures.

    Human Resource

    Management
    1

    ELEVENTH EDITION

    GARY DESSLER

    Part 4 | Compensation

    Chapter
    13

    2008 Prentice Hall, Inc.


    All rights reserved.

    Benefits and Services


    PowerPoint Presentation by Charlie Cook
    The University of West Alabama

    After studying this chapter, you should be able to:


    1. Name and define each of the main pay for time not
    worked benefits.
    2. Describe each of the main insurance benefits.
    3. Discuss the main retirement benefits.
    4. Outline the main employees services benefits.
    5. Explain the main flexible benefit programs.

    2008 Prentice Hall, Inc. All

    132

    Benefits
    Types of Employee
    Benefits

    Supplemental
    Pay

    Insurance
    Benefits

    2008 Prentice Hall, Inc. All

    Retirement
    Benefits

    Employee
    Services

    133

    Policy Issues in Designing Benefit Packages

    Which benefits to offer

    Who will be covered

    Whether to include retirees

    Coverage during probation

    Policy Issues
    How to finance benefits

    Degree of employee choice

    Cost containment
    procedures

    Communicating benefits
    options

    2008 Prentice Hall, Inc. All

    134

    Pay For Time Not Worked

    Vacations and
    Holidays

    Unemployment
    Insurance

    Sick
    Leave

    Supplementa
    l Pay
    Benefits

    Severance
    Pay

    2008 Prentice Hall, Inc. All

    Parental
    Leave

    Supplemental
    Unemployment
    Benefits

    135

    Insurance Benefits
    Workers Compensation
    Provides income and medical benefits to work-

    related accident victims or their dependents,


    regardless of fault.
    Death or disability: a cash benefit based on earnings per
    week of employment.
    Specific loss injuries: statutory list of losses

    Controlling workers compensation costs


    Screen out accident-prone workers.
    Make the workplace safer.
    Thoroughly investigate accident claims.
    Use case management to return injured employees to work
    as soon as possible.

    2008 Prentice Hall, Inc. All

    136

    Trends in Health Care Cost Controls


    Cost-Control
    Trends

    Communication,
    Involvement, and
    Empowerment

    Premiums and
    Co-Pays

    Prevention
    Programs

    2008 Prentice Hall, Inc. All

    Health Savings
    Accounts

    Claim
    Audits

    137

    Other Cost-Control Options


    Automating health care
    plan administration
    Defined contribution
    health care plans

    Controlling Health
    Care Costs

    Outsourcing health care


    plan administration
    Eliminating retiree
    health care coverage
    Benefits purchasing
    alliances

    2008 Prentice Hall, Inc. All

    138

    Retirement Benefits (contd)


    Policy Issues In
    Pension Planning

    Membership
    Requirements

    Benefit
    Formula

    2008 Prentice Hall, Inc. All

    Plan
    Funding

    Vesting

    139

    Retirement Benefits (contd)

    Defined Benefits Plans

    Defined Contribution Plans

    Types of Pension
    Plans
    Qualified Plans

    Nonqualified Plans

    2008 Prentice Hall, Inc. All

    1310

    Retirement Benefits (contd)

    Types of Defined
    Contribution
    Plans

    401(k)
    Plans

    Savings and
    Thrift Plans

    Deferred
    Profit-Sharing
    Plans

    2008 Prentice Hall, Inc. All

    Employee
    Stock
    Ownership
    Plans
    (ESOPs)

    Cash Balance
    Pension Plans

    1311

    Personal Services (contd)


    Steps for Launching an EAP Program
    1

    Develop a policy statement.

    Ensure professional staffing.

    Maintain confidential record-keeping systems.

    Be aware of legal issues.

    2008 Prentice Hall, Inc. All

    1312

    Flexible Benefits Programs


    Cafeteria (Flexible Benefits) Approach
    Each employee is given a limited benefits fund budget

    to spend on preferred benefits.


    Types of plans
    Flexible spending accounts
    Core plus option plans

    Flexible Work Arrangements


    Flextime schedules
    Compressed workweek schedules
    Job sharing
    Work sharing
    Telecommuting

    2008 Prentice Hall, Inc. All

    1313

    KEY TERMS
    benefits
    supplemental pay benefits
    unemployment insurance
    sick leave
    severance pay
    supplemental unemployment benefits
    workers compensation
    case management
    health maintenance organization (HMO)
    preferred provider organizations (PPOs)
    group life insurance
    Social Security
    pension plans
    defined benefit pension plan
    defined contribution pension plan
    portability
    401(k) plan

    2008 Prentice Hall, Inc. All

    savings and thrift plan


    deferred profit-sharing plan
    employee stock ownership plan (ESOP)
    cash balance plans
    Employee Retirement Income Security Act
    (ERISA)
    Pension Benefits Guarantee Corporation
    (PBGC)
    vested funds
    early retirement window
    employee assistance program
    family-friendly benefits
    flexible benefits plan/cafeteria benefits plan
    flextime
    compressed work week
    job sharing
    work sharing
    telecommuting

    1314

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