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Employee Benefits

Employee Benefits. Trends and Issues. Why Benefits?. Attract star applicants Retain employees Promote employee satisfaction Pass on collective savings Tax break. Benefit Decisions. Market Who gets benefits? Full- vs. part-time Waiting period? Degree of flexibility. Benefits Issues.

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Employee Benefits

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  1. Employee Benefits Trends and Issues

  2. Why Benefits? • Attract star applicants • Retain employees • Promote employee satisfaction • Pass on collective savings • Tax break

  3. Benefit Decisions • Market • Who gets benefits? • Full- vs. part-time • Waiting period? • Degree of flexibility

  4. Benefits Issues • Effective dissemination of information • Personal Statement • Fairness perceptions • Competitiveness • % of total compensation

  5. Types of Benefits • Government-mandated • Social Security • Unemployment Insurance • Worker’s Comp • FMLA • COBRA • Voluntary

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