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Employee Benefits

Employee Benefits

ISBN 9781259712289
Edition 6th
Publisher Mc GrawHill
Author(s)
Publication Date
Overview
Employee benefits refer to compensation other than hourly wage, salary, or incentive payments. Benefits programs are characterized by: Protection, Paid Time Off, and Accommodation and Enhancement. Protection programs - provide family benefits, promote health, and guard against income loss caused by catastrophic factors such as unemployment, disability, and serious illnesses. Paid time-off policies - compensate employees when they are not performing their primary work duties, for example, vacation and holidays. Accommodation and enhancement benefits - promote opportunities for employees and their families, including stress management classes, flexible time, and tuition reimbursement.
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