Benefits

1
Benefits

• Dessler Chapter 13

2
Agenda 4/5/05

• Guest Speaker
• Reminder
• Questions and Comments
• Benefits
• Thursday

3
Guest Speaker Next Tuesday (4/12/05) in Class

• Roger Valine
• CEO of VSP

4
Reminder

• HRM Intervention 2 due Friday (4/8/05) before
  300 PM via email (wheelera_at_csus.edu)

5
Questions and Comments

• What Is the Folly of Rewarding A, While Hoping
  for B? Why is this Important?

6
Benefits

• What are Benefits
• Indirect Pay
• Insurance
• Retirement
• How and Why Organizations Utilize Benefits
• Trends

7
What Are Benefits?

• Form of Indirect Pay
• Tied to Job
• Compensation
• Paid Vacations, Holidays, and Sick Leave
• Your Discretion
• Paid Out Upon Termination

• Family Leave and Maternity Leave
• Fixed Leave, Guaranteed Job Upon Return
• Jury Duty and Military Leave
• Severance Pay
• The Golden Parachute

8
More Benefits

• Workers Compensation
• Medical
• HMOs, PPOs, and Personal Doctors
• Sharing Expenses
• Life Insurance
• Paycheck Withholding
• Always Withhold Pre-Tax

9
Retirement Benefits

• Social Security
• Retirement, Death, and Disability
• Entitlement
• Medicare and Medicaid
• Elder Care
• Welfare
• Entitlement

• Pensions
• Defined Benefit
• Defined Contribution
• Company Assumed Risk
• 401k, 403b, and IRAs
• Long Term Investment
• Employee At Risk

10
Trends in Benefits

• Employee Movement
• 10 Jobs in Your Lifetime
• Low Commitment and Loyalty
• Continued Organizational Shedding of Risk
• Costs of Benefits

• Benefits Attract, Motivate, and Retain Employees
• Flex Cash
• Family and Quality of Life Benefits
• Cafeteria Plans
• Huge Costs to OrganizationsBut Dont Cry for
  Them. They Get Tax Breaks.