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Managing Human Resources Bohlander Snell Sherman

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Holidays. Vacations. Sick leave. Jury duty, military service, and bereavement leaves ... On-Site Health Services. Legal Services. Food Services. Housing and ... – PowerPoint PPT presentation

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Title: Managing Human Resources Bohlander Snell Sherman


1
ManagingHuman Resources Bohlander ? Snell ?
Sherman
  • Chapter 11
  • Employee
  • Benefits


2
Requirements for a Sound Benefits Program
3
Presentation Slide 11-4Categories of Employee
Benefits 1
  • Benefits Required by Law
  • Old age and survivors insurance (OASI)
  • Unemployment insurance
  • Workers compensation
  • Leaves without pay
  • Payment for Time Not Worked
  • Holidays
  • Vacations
  • Sick leave
  • Jury duty, military service, and bereavement
    leaves
  • Supplemental Unemployment Benefits (SUB)
  • Insurance
  • Group life insurance
  • Long-term Care
  • Health care insurance
  • Dental insurance
  • Legal insurance
  • Retirement Benefits
  • Pre-retirement counseling
  • Pension plans
  • Deferred compensation plans

4
Presentation Slide 11-5Categories of Employee
Benefits 2
  • Services
  • Employee assistance program
  • Counseling services
  • Educational assistance plans
  • Child care
  • Elder care
  • Food services
  • Health services
  • Legal services
  • Financial planning
  • Housing and moving expenses
  • Transportation pooling/parking
  • Purchasing assistance
  • Credit unions
  • Social and recreational services
  • Awards

5
Employee Benefits Required by Law
6
Discretionary Benefits
7
Types of Pension Plans
8
Contemporary Pension Plan Options
  • 401(k) Savings
  • Plans
  • Tax-deferred savings plans
  • Employees save through payroll deductions
  • Employers may match a portion of employee savings
  • Cash-Balance
  • Savings Plans
  • Employer contributes a percentage of employees
    pay each year
  • Account balance also earns interest each year
  • Experts predict it will replace traditional
    pension plans

9
Employee Services
10
Other Services
Awards
Food Services
Recreational and Social Services
On-Site Health Services
Credit Unions
Legal Services
Purchasing Assistance
Financial Planning
Transportation Pooling
Housing and Moving
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