TAILIEUCHUNG - Lecture Human resource management (5/e) - Chapter 13: Employee benefits

After reading this chapter, you should be able to: Discuss the growth in benefits costs and the underlying reasons for that growth, explain the major provisions of employee benefits programs, describe the effects of benefits management on cost and work-force quality,. | 1 Employee Benefits After reading this chapter, you should be able to: Discuss the growth in benefits costs and the underlying reasons for that growth. Explain the major provisions of employee benefits programs. Describe the effects of benefits management on cost and work-force quality. Chapter 13 Employee Benefits Explain how employee benefits in the United States compare with those in other countries. Explain the importance of effectively communicating the nature and value of benefits to employees. Describe the regulatory constraints that affect the way employee benefits are designed and administered. Chapter 13 Introduction The average cost of benefits adds up to about 37 percent for every payroll dollar benefits compose about 27 percent of the total compensation package. Benefits are unique because: there is little evidence on the impact that benefits have on attraction, retention, retirement, and performance level. there is more regulation of benefits than of direct pay. benefits have become almost obligatory for employers to provide. benefits are complex for employees to understand. Reasons for Benefits Growth Laws mandating benefits passed during and after the Depression Wage and price controls instituted during WWII and labor shortages The tax treatment of benefits The marginal tax rate is the percentage of additional earnings that goes to taxes Buying group v. individual insurance Organized labor Employer differentiation Benefit Programs Social Insurance Private Group Insurance Family-Friendly Policies Retirement Pay For Time Not Worked Social Security Social Security includes provision for old-age insurance, unemployment insurance, survivors' insurance, disability insurance, hospital insurance, and supplementary medical insurance. Social Security retirement benefits are free from federal tax and free from state tax in some states. Currently, full benefits begin at age 65 or a reduced benefit can begin at age 62. Both employers and employees are assessed a

• Quản trị kinh doanh
• Human resources
• Human resource management
• Lecture Human resource management
• Quản trị nguồn nhân lực
• Employee benefits
• Benefit programs
• Handbooks of hospitality human resources management
• Hospitality human resources management
• Acquiring human resources
• Retaining human resources
• Human resources management
• Human resource management’s role
• Managing human resources
• Lecture Managing human resources
• Quality staff
• Human resources policies
• Human resources policy
• Procedures activities
• Planning training programs
• Human resources terms
• Leadership and development of leadership human resources
• Development of leadership human resources
• Development human resources
• Human resources Vietnam
• State owned enterprises
• The hospitality industry
• Hospitality managers
• Human resources activities
• Human resources responsibilities
• Employee on boarding
• Orientation programs
• Evaluating training programs
• Delivering training programs
• Employee recruitment
• Compensation programs
• Compensation management
• Performance management
• Performance appraisal
• Employee health
• Employee safety
• Critical issues
• Unionization process
• Evolving hospitality organizations
• Organizational change
• Developing human resources
• Critical human resource issues
• Human capital development
• HR practitioner’s view