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Benefits and Services Chapter 13 Part 4  |  Compensation
After studying this chapter, you should be able to: ,[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits Supplemental Pay Employee Services Insurance Benefits Retirement Benefits Types of Employee Benefits
Policy Issues in Designing Benefit Packages Policy Issues Who will be covered Coverage during probation Degree of employee choice Which benefits to offer Whether to include retirees How to finance benefits Cost containment procedures Communicating benefits options
Pay For Time Not  Worked Vacations and Holidays Parental  Leave Supplemental Unemployment Benefits Supplemental Pay Benefits Unemployment Insurance Sick  Leave Severance  Pay
Insurance Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Trends in Health Care Cost Controls Communication, Involvement, and Empowerment Health Savings Accounts Premiums and Co-Pays Cost-Control Trends Prevention Programs Claim  Audits
Other Cost-Control Options Automating health care plan administration Defined contribution health care plans Eliminating retiree  health care coverage Benefits purchasing alliances Controlling Health Care Costs  Outsourcing health care plan administration
Retirement Benefits (cont’d) Membership Requirements Vesting Benefit Formula Plan  Funding Policy Issues In Pension Planning
Retirement Benefits (cont’d) Defined Benefits Plans Defined Contribution Plans Qualified Plans Nonqualified Plans Types of Pension  Plans
Retirement Benefits (cont’d) 401(k) Plans Employee Stock Ownership Plans  (ESOPs) Savings and Thrift Plans Types of Defined Contribution Plans Deferred Profit-Sharing Plans Cash Balance Pension Plans
Personal Services (cont’d) Be aware of legal issues. Ensure professional staffing. Steps for Launching an EAP Program Develop a policy statement. Maintain confidential record-keeping systems. 1 2 3 4
Flexible Benefits Programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
K E Y  T E R M S ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Dessler 13

  • 1. Benefits and Services Chapter 13 Part 4 | Compensation
  • 2.
  • 3. Benefits Supplemental Pay Employee Services Insurance Benefits Retirement Benefits Types of Employee Benefits
  • 4. Policy Issues in Designing Benefit Packages Policy Issues Who will be covered Coverage during probation Degree of employee choice Which benefits to offer Whether to include retirees How to finance benefits Cost containment procedures Communicating benefits options
  • 5. Pay For Time Not Worked Vacations and Holidays Parental Leave Supplemental Unemployment Benefits Supplemental Pay Benefits Unemployment Insurance Sick Leave Severance Pay
  • 6.
  • 7. Trends in Health Care Cost Controls Communication, Involvement, and Empowerment Health Savings Accounts Premiums and Co-Pays Cost-Control Trends Prevention Programs Claim Audits
  • 8. Other Cost-Control Options Automating health care plan administration Defined contribution health care plans Eliminating retiree health care coverage Benefits purchasing alliances Controlling Health Care Costs Outsourcing health care plan administration
  • 9. Retirement Benefits (cont’d) Membership Requirements Vesting Benefit Formula Plan Funding Policy Issues In Pension Planning
  • 10. Retirement Benefits (cont’d) Defined Benefits Plans Defined Contribution Plans Qualified Plans Nonqualified Plans Types of Pension Plans
  • 11. Retirement Benefits (cont’d) 401(k) Plans Employee Stock Ownership Plans (ESOPs) Savings and Thrift Plans Types of Defined Contribution Plans Deferred Profit-Sharing Plans Cash Balance Pension Plans
  • 12. Personal Services (cont’d) Be aware of legal issues. Ensure professional staffing. Steps for Launching an EAP Program Develop a policy statement. Maintain confidential record-keeping systems. 1 2 3 4
  • 13.
  • 14.