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 3:00 PM via

5. Questions and Comments
What Is the Folly of Rewarding A, While Hoping for B? Why is this Important?

6. Benefits What are Benefits How and Why Organizations Utilize 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 Life Insurance
HMOs, PPOs, and Personal Doctors
Sharing Expenses
Life Insurance
Paycheck Withholding
Always Withhold Pre-Tax

9. 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

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 Organizations…But Don’t Cry for Them. They Get Tax Breaks.