3. • Get familiar with 9 Learning Outcomes(LOs)
LO
• The role of employee benefits(Leary)
• Benefits required by law(Journey)
• Legal requirements for employee benefits(Hansey)
• Optional benefits programs(ChaoQian)
• Selecting employee benefits(Sugar)
• Communicating benefits to employees(Justin)
• Have some fun(Aziz!!!)
4.
5. n.
1. Something that promotes or enhances well-being; an
advantage.
2. A payment made or an entitlement available in
accordance with a wage agreement, an insurance
policy, or a public assistance program.
3. A public entertainment, performance, or social event
held to raise funds for a person or cause.
4. Archaic A kindly deed.
6. For the company :
• Attracting potential candidates
• Motivating employees
• Retaining those who may want to leave
7. For the employee:
• Maintain economic security
• Pensions→retirement
• Insurance→unexpected costs
11. To teach employees:
• How to use them?
• Why are they valuable?
Communicating Benefit
LO1!
The importance of benefits
12. • Tax treatment of benefits
• Antidiscrimination Laws
• Accounting Requirement
LO8!
Regulations affecting design of benefit
13. Advantage True False
there are no limits or restrictions on the amount of capital or the
operating losses that a corporation may carry back or forward.
no immediate tax on employees for the amount the employer
contributes
the ability for employees to immediately take a tax deduction for
the funds they contribute to the plans
For the those in the middle class and lower classes, an earnings tax
may be a financial hardship, regardless of the amount.
tax-free earnings on the money in the retirement fund
14. USA case:
• During an interview it is illegal to ask only women if they
have child-care needs.
• Hiring only men to model male underwear is legal .
• If a company unintentionally hires a disproportionate number
of non-minorities, they can be held liable for
discrimination.
• Organizations can screen candidates using a test that
reliably predicts on-the-job performance
15. • China Case
a. It is illegal to ask only women to have a sexually transmitted
_____
disease examination or write about their menstruation when
recruiting public officials
b.It is illegalto ask applicants to have a hepatitis B check.
c.It is illegal to ask the applicants to have a postgraduate degree
when recruiting a security.
17. • Group6 company has determined that they will have
to reduce their benefits costs to stay competitive.
Which of the following solutions is not a choice for
Group6 ?
a) A) Eliminate health coverage
b) B) Reduce the percentage of employees’ Social Security
insurance they pay.
c) C) Reduce their unemployment insurance costs by
managing their workforce to avoid layoffs.
d) D) Institute a safety program to minimize worker’s
compensation costs.
19. • The subsidies and non-monetary benefits for the employees'
health care and life
• The cost of depreciation, maintenance and labor occurring in
the inner collective benefit department
• The hardship subsidies for employees or the fund set and
managed by company for assisting the employees in difficulty
• The additional cost for retired personnel
• Other employees' benefit according the requirement, for
example, the funeral subsidies
20. U.S.A
1. Social Security
(To provide support for retired workers)
• Old Age Insurance
• Survivor Insurance
• Disability Insurance
• Health Insurance
21. • 1. Can I select to begin receiving the
retirement benefits before I reach the full
retirement age?
• 2.What is exempt amount?
• 3.How the cost of Social Security is shared
between employers and employees?
22. 2.Unemployment Insurance
(To minimize the hardship of unemployment)
• Payments to unemployed workers
• Help in finding new jobs
• Give incentives to stabilize employment
• Make workers can afford to wait to return to
their employer.
23. For company:
• The size of the unemployment tax imposed on
each employer depends on the employer’s
experience rating.
Careful human resource planning can
minimize layoffs and keep their experience
rating favorable
24. Who can receive it?
• A is actively seeking work, but has no
working experiences before.
• B is not available for work because of his
health condition.
• C is out of job now because he was
discharged for cause
25. “State programs that provide benefits to workers
who suffer work-related injuries or illnesses, or
to their survivors.”
26. 3.Workers' Compensation
(To provide benefits and services to workers injured on job)
• Disability income
• Medical care
• Death benefits
• Rehabilitative services
29. U.S.A China
Social Security Old Age Insurance Social Security Pension Insurance
Survivor Insurance Basic Medical Insurance
Disability Insurance Unemployment Insurance
Health Insurance Maternity Insurance
On-Job Injury Insurance
Unemployment Insurance Group Insurance
Workers' Compensation Disability income Housing Funds
Medical care
Death benefits
Rehabilitative service
Unpaid Family and Medical Leave
Health Care Benefits
LO2!
Summarize the types of employee benefits required y law
30. Paid Leave Group Insurance
Retirement Plans “Family-Friendly” Benefits
Other Quality of Work-Life
Benefits
32. Paid Leave
• Vacation - typically two weeks or less a year
• Holidays - about 10 paid holidays each year
• Sick Leave - based on length of service
• Personal Days
• Floating Holidays
• Jury Duty
• Funerals
• Military Duty
• Time Off to Vote
33. Most flexible approach
Employer pools personal days, sick days, and
vacation days for employees to use as the need arises
LO3!
Describe the most common forms of paid leave
34. Group Insurance
• Medical Insurance
• Life Insurance
• Disability Insurance
• Long-term care Insurance
35. • 70% of all full-time employees in the U.S.
receive medical benefits, which cover:
– Hospital expenses
– Surgical expenses
– Visits to physicians
36.
37. If the employee dies during the term of the
policy, the employee’s beneficiaries receive a
death benefit payment.
LO4!
Identify the kinds of insurance benefits offered by employers
38. Retirement Plans
About half of employees working in the
private business sector have employer-
sponsored retirement plans.
39. • Contributory Plan A
• Noncontributory Plan B
A. retirement plan funded by contributions from
the employer and employee.
B. retirement plan funded entirely by
contributions from the employer.
LO5!
Define the types of retirement plans offered by employers
40. • Defined benefit plan – pension plan that
guarantees a specified level of retirement
income.
• Defined contribution plan – retirement plan in
which the employer sets up an individual
account for each employee and specifies the
size of the investment into that account.
41. • Mrs. Fu does not know a lot about investing and
wants to ensure she has some retirement income
when she is old enough to retire. Aziz plans on
changing his job every few years and is interested in
investing his own money. Which plan would be best
for Mrs. Fu and Aziz, respectively?
a) A) Defined contribution; defined benefit
b) B) Contributory; defined benefit
a)
c) C) Defined benefit; defined contribution
d) D) Defined contribution; non-contributory
42. “Family-Friendly” Benefits
Why: employees’ need to manage conflicts
between their work and family roles
• Family Leave
• Child Care Benefits
• College Savings Plans
• Elder Care
43. Other Quality of Work-Life
Benefits
Name one possible employee benefit.
• Subsidized cafeterias • Tuition
• On-site health care reimbursement
services • On-site fitness center
• Moving and relocation • Off-site company
expenses
recreation area
• Employee discounts on
products • Pet services
LO6!
Describe how organizations use other benefits to match employees’ wants and needs
50. We believe that employee Satisfaction drives
, commitment drives ,
and engagement drives business .
Engagement Commitment
Performance
51. Shine Program aims to find creative and
practical ideas.
To encourage employees to come up with innovative
ideas to make running the organization easier or to solve
current problems
54. Not every recognition program needs to cost the company
money.
Honour Wall
Certificates that is hand-signed by the executive
A special surprise visit from (the owner)
Recognition Outing - Give the employees a half day off and take them to an
early Dinner/Lunch
One day paid holiday
level 3
level 2
Level1
55.
56. Reflect upon the Brand Image
Lunch for early shifters
Dinner for late shifters
57. • Level 3:public holidays(around 29 days)
• Level 2: public holidays plus a week
• Level 1:public holidays plus three weeks
58. Sales：
• 0.5% bonus for one product
Evaluation from customers：
• 2% for excellent
• 1% for good
• no bonus for plain or bad
59.
60.
61.
62. • What’s the benefit of Shenzhen Hukou?
1.Higher pay of insurance
2.Fulfillment of job seeking
3.Education of children
4.Family members can get the residence with
you after 2 years.
5.Free technical training
63.
64.
65.
66.
67.
68. • There is a company which is planning
to provide some benefits for its employees
• What is its aim or start point？
• Of course it is the company’s goals. If a
company want to get a competitive advantage
by retaining good employees, it must select
and monitor its benefits effectively.
69. • What can the employees of the company get?
• Objective parts: The types and quality of the
benefits package.
• Subjective parts: The value and expectations
of the employees. (It is the criteria for the
objective levels of benefits.)
70. Who should pay for the benefits?
• 1. Companies’ goal: Keeping balance of the cost
and attractiveness of its benefits.
• 2.Employees’ economic position must be
considered.
71. • If a company decides to start a certain benefit,
how the company can ensure it can come into
effect?
73. • For all effective benefits, there are three common
standards to identify it.
• Legal requirement
• Availability
• Demographic
74. • One important method to achieve the
standards is to establish Cafeteria-style plans.
75. • The plans will lead to higher administrative
costs, how to avoid it?
• The answer is to use software packages and
standardized plans.
76. • The analysis for Sunnia’s benefit project
1.Goal：Sunnia’s MVV
2.Expectation: Young female employees’ three
needs: Survival, Development, Future Family
3.Budget
So we want to design a more flexible
arrangement for benefits.
LO7!
Explain how to choose the content of benefit package
77. • Using multiple channels
• Be Congruent
• Take responsibility
• Establish mutual trust
78. • New employees – Offer introduction session
• Present employee – Offer seasonal consultation
• Distribute staff handbook
• Encourage employees to ‘Enjoy’ the benefits
79. • Suggestion?
LO8!
Discuss the importance of communicating the benefits
