4.4 - BENEFITS 1 4.4 Benefits Andrew McGuire Indiana...

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BENEFITS 1 4.4 Benefits Andrew McGuire Indiana Wesleyan University MGT-470: Total Rewards February 14, 2015 Instructor Dwane Thomas I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.
BENEFITS 2 Benefits For this paper I chose to create a fictitious company, Smitten Press, since I do not have an employer at the time. My goal was to create a package that not only was competitive based on averages, but something that was going to appeal to potential employees. Gone are the days when the most important factor when considering a job offer is salary. While salary is definitely important for many of us, benefits and perks rank very high on the list. The rising cost of healthcare and uncertain future makes benefit packages quite often the deciding factor when job hunting. According to the Bureau of Labor Statistics the average number of annual paid holidays is 10. The average amount of vacation days are 9.4 after a year of service. Almost half the (medium and large) employers surveyed offered either a defined benefit or a defined contribution pension plan. About 75% offered health insurance but, almost as many, required some employee contribution towards the cost. It's not hard to look at the averages and see how your employer or your job offer measures up. What complicates matters is the increasing use of

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