2. Benefit offered by employer and paid by employee at lower
rate than if individually purchased
3. Insurance Portability and
Accountability Act of 1996
Any time not worked by an employee for which the regular rate, a
fixed or a prorated amount of pay, is accrued and paid to the
employee
4. ⢠Vacation days
⢠Holidays
⢠Personal leave
⢠Sick leave
5. Sick pay is time off from work that workers can use during
periods of temporary illness to stay home and address their
health and safety needs without losing pay.
6. Well pay concept is the act of reinforcing employee for not
being absent or sick
8. Social security is primarily a social insurance program providing
social protection or protection against socially reorganized
conditions such as poverty, old age, unemployment, disability etc
12. Health Insurance Portability and Accountability Act of 1996
allows employees to switch their health insurance plans when
they change employers and to get new health coverage with the
new company
13. ⢠protects health insurance coverage for workers and
their families when they change or lose their jobs
14. ⢠Title II of HIPAA, known as the Administrative Simplification
(AS) provisions, requires the establishment of national
standards for electronic health care transactions and national
identifiers for providers, health insurance plans, and
employers
15. ⢠Consolidated Omnibus Budget Reconciliation Act of 1985
⢠Law passed by US congress
⢠It gives the employee the ability to continue health insurance
coverage after leaving employment
16. ⢠An employee stock ownership plan (ESOP) is a defined
contribution plan that provides a company's workers with
an ownership interest in the company.
⢠Under the ESOP, companies provide their employees with
stock ownership, typically at no cost to the employees
17.
18. Money is automatically deducted from employees paycheck
that goes into a fund for his retirement.
22. Participating in 401(k) Not Participating
Gross Wages 60,000 60,000
Employee Deferral 10% 6,000 0
Taxable Wages 54,000 60,000
Income Tax 8,100 9,000
Tax Savings 900
23. ⢠Most employers match employee contributions to encourage
participation in the 401(k) plan.
⢠Employer matching contributions are based on how much the
employee contributes to the plan.
24. Employee contribution Employer Contribution Total contribution per
month to 401(k) Plan
50 25 75
100 50 150
200 100 300
25.
26. âGive your employees more with voluntary benefits ,
And theyâll give your business more every dayâ
27. âŚ. âŚ.
⢠Armstrong, M(2008) âReward Managementâ, Kogan Page India Pvt Ltd,
New Delhi.
⢠http://wikipedia.org/
Hinweis der Redaktion
Health Insurance Portability and Accountability Act of 1996