Human resources management
Content
Human Resorce
Management
1
CHAPTER 13
Benefits and Services
Jovi Pratama
201460218
Benefits
Types of Employee
Benefits
Supplemental
Pay
Insurance
Benefits
Retirement
Benefits
Employee
Services
Policy Issues in Designing Benefit
Packages
Which benefits to offer
Who will be covered
Whether to include retirees
Coverage during probation
Policy Issues
How to finance benefits
Degree of employee choice
Cost containment
procedures
Communicating benefits
options
Pay For Time Not Worked
Vacations and
Holidays
Unemployment
Insurance
Sick
Leave
Severance
Pay
Supplemental
Pay Benefits
Parental
Leave
Supplemental
Unemployment
Benefits
Insurance Benefits
• Workers’ Compensation
– Provides income and medical benefits to workrelated accident victims or their dependents,
regardless of fault.
• Death or disability: a cash benefit based on earnings per
week of employment.
• Specific loss injuries: statutory list of losses
– Controlling workers’ compensation costs
•
•
•
•
Screen out accident-prone workers.
Make the workplace safer.
Thoroughly investigate accident claims.
Use case management to return injured employees to work
as soon as possible.
Trends in Health Care Cost
Controls
Cost-Control
Trends
Communication,
Involvement, and
Empowerment
Premiums and
Co-Pays
Prevention
Programs
Health Savings
Accounts
Claim
Audits
Other Cost-Control Options
Automating health care
plan administration
Defined contribution
health care plans
Controlling Health
Care Costs
Outsourcing health care
plan administration
Eliminating retiree
health care coverage
Benefits purchasing
alliances
Retirement Benefits
(cont’d)
Policy Issues In
Pension Planning
Membership
Requirements
Benefit
Formula
Plan
Funding
Vesting
Retirement Benefits (cont’d)
Defined Benefits Plans
Defined Contribution Plans
Types of Pension
Plans
Qualified Plans
Nonqualified Plans
Retirement Benefits (cont’d)
Types of Defined
Contribution
Plans
401(k)
Plans
Savings and
Thrift Plans
Deferred
Profit-Sharing
Plans
Employee
Stock
Ownership
Plans
(ESOPs)
Cash Balance
Pension Plans
Personal Services (cont’d)
Steps for Launching an EAP Program
1
Develop a policy statement.
2
Ensure professional staffing.
3
Maintain confidential record-keeping systems.
4
Be aware of legal issues.
Flexible Benefits Programs
• Cafeteria (Flexible Benefits) Approach
– Each employee is given a limited benefits fund budget to
spend on preferred benefits.
– Types of plans
• Flexible spending accounts
• Core plus option plans
• Flexible Work Arrangements
–
–
–
–
–
Flextime schedules
Compressed workweek schedules
Job sharing
Work sharing
Telecommuting
Management
1
CHAPTER 13
Benefits and Services
Jovi Pratama
201460218
Benefits
Types of Employee
Benefits
Supplemental
Pay
Insurance
Benefits
Retirement
Benefits
Employee
Services
Policy Issues in Designing Benefit
Packages
Which benefits to offer
Who will be covered
Whether to include retirees
Coverage during probation
Policy Issues
How to finance benefits
Degree of employee choice
Cost containment
procedures
Communicating benefits
options
Pay For Time Not Worked
Vacations and
Holidays
Unemployment
Insurance
Sick
Leave
Severance
Pay
Supplemental
Pay Benefits
Parental
Leave
Supplemental
Unemployment
Benefits
Insurance Benefits
• Workers’ Compensation
– Provides income and medical benefits to workrelated accident victims or their dependents,
regardless of fault.
• Death or disability: a cash benefit based on earnings per
week of employment.
• Specific loss injuries: statutory list of losses
– Controlling workers’ compensation costs
•
•
•
•
Screen out accident-prone workers.
Make the workplace safer.
Thoroughly investigate accident claims.
Use case management to return injured employees to work
as soon as possible.
Trends in Health Care Cost
Controls
Cost-Control
Trends
Communication,
Involvement, and
Empowerment
Premiums and
Co-Pays
Prevention
Programs
Health Savings
Accounts
Claim
Audits
Other Cost-Control Options
Automating health care
plan administration
Defined contribution
health care plans
Controlling Health
Care Costs
Outsourcing health care
plan administration
Eliminating retiree
health care coverage
Benefits purchasing
alliances
Retirement Benefits
(cont’d)
Policy Issues In
Pension Planning
Membership
Requirements
Benefit
Formula
Plan
Funding
Vesting
Retirement Benefits (cont’d)
Defined Benefits Plans
Defined Contribution Plans
Types of Pension
Plans
Qualified Plans
Nonqualified Plans
Retirement Benefits (cont’d)
Types of Defined
Contribution
Plans
401(k)
Plans
Savings and
Thrift Plans
Deferred
Profit-Sharing
Plans
Employee
Stock
Ownership
Plans
(ESOPs)
Cash Balance
Pension Plans
Personal Services (cont’d)
Steps for Launching an EAP Program
1
Develop a policy statement.
2
Ensure professional staffing.
3
Maintain confidential record-keeping systems.
4
Be aware of legal issues.
Flexible Benefits Programs
• Cafeteria (Flexible Benefits) Approach
– Each employee is given a limited benefits fund budget to
spend on preferred benefits.
– Types of plans
• Flexible spending accounts
• Core plus option plans
• Flexible Work Arrangements
–
–
–
–
–
Flextime schedules
Compressed workweek schedules
Job sharing
Work sharing
Telecommuting
