Benefits Dessler Chapter 13
Agenda – 4/5/05 Guest Speaker Reminder Questions and Comments Benefits Thursday
Guest Speaker Next Tuesday (4/12/05) in Class Roger Valine CEO of VSP
Reminder HRM Intervention 2 due Friday (4/8/05) before 3:00 PM via email (wheelera@csus.edu)
Questions and Comments What Is the Folly of Rewarding A, While Hoping for B? Why is this Important?
Benefits What are Benefits How and Why Organizations Utilize Benefits Indirect Pay Insurance Retirement How and Why Organizations Utilize Benefits Trends
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
More Benefits… Workers’ Compensation Medical Life Insurance HMOs, PPOs, and Personal Doctors Sharing Expenses Life Insurance Paycheck Withholding Always Withhold Pre-Tax
Retirement Benefits Social Security Medicare and Medicaid Pensions Retirement, Death, and Disability Entitlement Medicare and Medicaid Elder Care Welfare Pensions Defined Benefit Defined Contribution Company Assumed Risk 401k, 403b, and IRAs Long Term Investment Employee At Risk
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 Organizations…But Don’t Cry for Them. They Get Tax Breaks.