May not be scanned, copied or duplicated, or posted to a publicly accessible Web site, in FIGURE 13–1 Employer Compensation and Benefits Costs per Hour Source: U.S.. May not be scanned,
Trang 1Provided Benefits
Employer-Absorb social costs for health
care and retirement
Influence employee decisions about employers
Are increasingly seen as entitlements
Average over 40% of total payroll costs
Benefits and HR Strategy
• Benefit
employees for organizational membership.
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FIGURE 13–1 Employer Compensation and Benefits Costs per Hour
Source: U.S Bureau of Labor Statistics, 2008.
Trang 3Flexible Benefits
• Flexible Benefits Plan
benefits they prefer from groups of benefits
established by the employer.
• The Challenge of Providing Choices
select and use certain benefits
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copied or duplicated, or posted to a publicly accessible Web site, in
Benefits Cost Control
• Reducing or dropping benefits
• Cost sharing with employees
• Sponsoring wellness programs
• Fostering employee health education
• Direct purchase of benefits by employees
• Negotiating reduced-rate benefit contracts
• Consolidating of benefits packages
Trang 5Benefits Communication
• Summary Plan Description
particular plan
Security Act (ERISA)
• Benefits Statement
benefits into dollar amounts that is given to
employees as part of a total rewards education and communication effort.
annual pension-reporting statement.
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copied or duplicated, or posted to a publicly accessible Web site, in
FIGURE 13–6 How the Typical Benefits Dollar Is Spent
Trang 7FIGURE 13–7 Types of Benefits
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copied or duplicated, or posted to a publicly accessible Web site, in
Severance Pay
Trang 9FIGURE 13–8 Private Industry Workers with Health Benefits
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copied or duplicated, or posted to a publicly accessible Web site, in
Mini-Medical
Plans
Trang 11FIGURE 13–10 Overview of COBRA Provisions
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copied or duplicated, or posted to a publicly accessible Web site, in
Health-Care Legislation
• Health Insurance Portability and Accountability
Act (HIPAA) of 1996
plan from one company to another, regardless of existing health conditions.
employees and to not disclose of health information without authorization.
• Flexible Spending Accounts
pre-tax dollars to fund certain additional benefits.
Trang 13Retirement Benefits
• Social Security Act of 1935
and retirement benefits.
the employer and the employee.
an employee’s lifetime earnings.
Security Administration.
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Defined-Cash Balance Plan
Trang 15FIGURE 13–11 Worker Participation in Pension Plans
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copied or duplicated, or posted to a publicly accessible Web site, in
Individual Retirement Options
Individual Retirement Options
Individual Retirement Account (IRA)
401(k) and Roth IRA
403(b)
Keogh
Trang 17Legal Requirements for Retirement Benefits
Employee Retirement Security
in 1984)
Qualified Domestic Relations Order (QDRO)
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copied or duplicated, or posted to a publicly accessible Web site, in
Protection of Retiree Benefits
Older Worker Security
Trang 19Family Medical Leave Act (FMLA)
• Coverage
1,250 hours in the previous year.
• Requirements
of unpaid leave in a 12-month period to attend to a
family or serious medical condition.
and to return to their job.
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Elder-Care Benefits
Trang 21Time-Off and Other Benefits
Holiday Pay
Vacation Pay
Leaves of Absence
Miscellaneous Benefits
Off (PTO) Plans
Paid-Time-Time-Off and Other Benefits
Trang 22© 2011 Cengage Learning All rights reserved May not be scanned,
copied or duplicated, or posted to a publicly accessible Web site, in
FIGURE 13–13 Percentage of Companies with Various Paid-Time-Off Plans
Source: U.S Bureau of Labor Statistics, www.bls.gov.