Employee Benefits (6th Edition)
Format: PDF eTextbooks
ISBN-13: 978-1259712289
ISBN-10: 1259712281
Delivery: Instant Download
Authors: Joseph Martocchio
Publisher: McGraw-Hill Education
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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