Employee Benefits - PowerPoint PPT Presentation

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Title:

Employee Benefits

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... Security Widow and Orphans Act Premium would never be increased (FDR) Pensions Defined Benefits Defined Contributions 401K Deduct before taxes ERISA ... – PowerPoint PPT presentation

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Title: Employee Benefits


1
Employee Benefits
2
History
  • Used to circumvent wage controls during WWII.
  • A perk
  • A right
  • Back to individual responsibility

3
Pay for Time Not Worked
  • Unemployment
  • Vacations and Holidays
  • Sick Leave
  • Parental Family Medical Leave
  • Unpaid
  • May require use of sick leave
  • Medical coverage continues
  • Severance Pay
  • Supplemental Unemployment Benefits
  • Auto Workers

4
Insurance
  • Workers Compensation
  • Monetary or Medical
  • Hospitalization, Health and Disability Insurance
  • Rx, Life Insurance, Dental
  • Cost reduction
  • Employee Partial Pay (premium and medical bill)
  • Outsourcing (administration and even treatment)
  • Mental Illness
  • 34 Million people in USA suffer
  • 24 of disabilities
  • Part-time and Contingent Workers

5
Retirement
  • Social Security
  • Widow and Orphans Act
  • Premium would never be increased (FDR)
  • Pensions
  • Defined Benefits
  • Defined Contributions
  • 401K
  • Deduct before taxes
  • ERISA (Employee Retirement Income Security Act)
  • Vesting
  • Age
  • Funding
  • Benefit
  • Early Retirement

6
Personal Services
  • Employee Assistance Program
  • Child Care
  • Domestic Partners
  • Flexible Work Arrangements
  • Job Sharing
  • Telecommuting
  • Compressed work weeks

7
Cost out of Control
  • 35 47 percent
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