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Employee Benefits. Categories of Benefits. Universal benefits Statutory benefits Discretionary benefits for employee protection Pay for time not worked Employee services. Types of Risks Protected Against. Superannuation Untimely Death Disability Medical Expenses Unemployment.
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Categories of Benefits • Universal benefits • Statutory benefits • Discretionary benefits for employee protection • Pay for time not worked • Employee services
Types of Risks Protected Against • Superannuation • Untimely Death • Disability • Medical Expenses • Unemployment
Universal Benefits • Benefits that government provides without requiring direct contributions from either employees or employers • i.e. Old Age Security, Guaranteed Monthly Income Supplement (GIS), Provincial hospital and medical insurance plans (OHIP)
Statutory Benefits • Must be provided by employer under federal a/o provincial laws • i.e. CPP, WCB (WSIB), EI and health insurance • n.b. health insurance $ raised through payroll tax
Discretionary Benefits for Employee Protection • Private pension plans • group life, disability and supplementary health insurance
Pension Plans • Defined-Benefit Plans • flat benefit: based on service • earnings related: percentage • flexible pension: employer fixes base, employee contributes extra. • Defined Contribution Plans • money purchase, profit sharing • Combination Plans
Cost Issues • Cost containment • taxation of benefits • cost shifting from the public to the private sector
Benefits Communication • Increasing complexity • lack of resources to explain the benefits to employees
Flexible Benefits • Modular plans (bundles prepackaged for different subgroups) • Core-plus-options plans • Flexible spending accounts
Challenges with Flexible Benefits • Adverse selection • Employees who make poor choices • Administrative complexity
Worker’s Comp - why? • Medical care and income to victims • no fault for quick relief • encourage employer to invest and research safety
Worker’s Comp Benefits • Total disability benefits • Impairment benefits • survivor benefits • medical expense benefits • rehabilitation benefits
Shared Responsibility • Health and safety committees • the right to refuse unsafe work
Chronic Stress - Burnout • Emotional and or physical exhaustion • lowered job productivity • automatized or machine-like performance of duties
Variables Significantly Related to Burnout: • Organizational characteristics • perception of organization • perceptions of role • individual characteristics • outcome (satisfaction and turnover impact)
Techniques for Reducing Burnout • Identification - analyse incidence, prevalence and characteristics of burnout in organization • prevention - change process before it begins • mediation - slow/stop/reverse burnout • remediation - for employee already exhibiting burnout, but who needs to be shown respect and ways to find help
Programs to address Burnout • Employee Assistance Plans • Wellness programs
Health Issues • Workplace violence • Cumulative Trauma Disorder • Hazardous Materials (WHMIS) • Substance Abuse and Testing • Smoking • AIDS
Job Safety Analysis • Sequence of Basic Job Steps • Potential Hazards • Recommended Action or Procedure