Employee Benefits (Indirect Compensation)

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Employee Benefits(Indirect Compensation)
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Purposes of Indirect Compensation

• Attraction
• Morale
• Job Satisfaction
• Turnover
• Motivation
• Public Relations

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General Types of Indirect Compensation

• Protection programs
• Pay for time not worked
• Employee services perks

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Protection Plans

• see Agenda

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Pay for Time Not Worked -1

• Paid Leave
• vacation
• holiday
• sick pay
• personal holidays
• funeral leave
• military leave
• jury duty

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Pay for Time Not Worked -2

• On-the-job paid benefits
• rest periods
• lunch time
• wash-up time
• get-ready time

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(No Transcript)
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Employee Services Perks

• Elder care
• Day care
• Wellness programs
• Employee assistance programs
• Golden parachutes
• Golden handcuffs

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Which benefits are mandated by law, and which
are supplied voluntarily by employers?

• Agenda Item 1

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Legal Considerations

• Civil Rights Act
• Equal Pay Act
• Pregnancy Discrimination Act
• Age Discrimination in Employment Act
• COBRA
• ERISA (private employees pension funds)
• Internal Revenue Service acts
• Americans with Disabilities Act
• Family Medical Leave Act

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Administrative Issues

• Determining the package
• Controlling costs
• Providing flexibility
• Communicating the package