Week 12 notes
Week 12 notes mgmt 3311
Popular in Introduction to human resource management
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This 0 page Class Notes was uploaded by Laura Notetaker on Saturday November 14, 2015. The Class Notes belongs to mgmt 3311 at University of Texas at El Paso taught by Dr. Laura Guerrero in Summer 2015. Since its upload, it has received 14 views. For similar materials see Introduction to human resource management in Business at University of Texas at El Paso.
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Date Created: 11/14/15
Week 12 notes Required Social security Unemployment insurance Worker39s compensation Leaves under Family Medical Leave Act Discretionary Disability health and life insurance Pensions PTO for vacations holidays sick leave personal leave jury duty Employee assistance and counseling programs Childcare elder care exible work schedules Executive perks Pay for time not worked 1 PS Unemployment insurance Provides bene ts if a person is unable to work through some fault other than his or he own Supplemental unemployment bene ts are bene ts for time not worked such as unemployment insurance vacation and holiday pay and sick pay Vacations and holidays Sick leave Provides pay to an employee when he or she is out of work because of illness Leaves and the Family and medical leave act Severance pay A onetime payment some employers provide when terminating an employee Insurance Bene ts 1 2 3 4 Worker39s compensation provides income and medical bene ts to work related accident victims or their dependents regardless of fault Hospitalization health and disability insurance Longterm care insurance Life insurance Retirement bene ts 1 Social security Federal program that provides retirement income at the age of 62 and thereafter survivor39s or death bene ts payable to the employee39s dependents regardless of ages at time of death and disability bene ts payable to disabled employees and their dependents These bene ts are payable only if the employee is insured under the social security act Pension plans plans that provide a xed sum when employees reach a predetermined retirement age or when they can no longer work due to disability De ned bene ts pension plans a plan that contains a formula for determining retirement bene ts De ned contribution pension plans a plan in which the employer39s contribution to employees39 retirement savings funds is speci ed Week 12 notes Personal services and familyfriendly bene ts 1 Personal services 2 Worklife bene ts bene ts such as child care and tness facilities that make it easier for employees to balance their work and family responsibilities 3 Other personal services bene ts 4 Executive perquisites perks Flexible bene ts programs 1 Cafeteria approach individualized plans allowed by employers to accommodate employee preferences for bene ts 2 Flexible work schedules