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Fringe Compensation.ppt - FRINGE COMPENSATION 1 Employee...

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FRINGE COMPENSATION 1
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Employee Benefits Employee Benefits 1. Government-mandated programs 2. Employee welfare plans 3. Retirement Plans 4. Time-off Programs 5. Employee Services 2
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Employee Benefits Employee Benefits Government Mandated Government Mandated 3
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Employee Welfare Programs Employee Welfare Programs Health Care Plans 80% of employees value health benefits above all Trend to shift costs to workers or drop benefits Wellness Programs - save money Life Insurance - one of oldest & most common benefits 4
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Retirement Plans Retirement Plans Long term capital accumulation plans Defined Benefit plan Defined Contribution plan 401K plans are increasing 5
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Time Off & Employee Services Time Off & Employee Services Time Off Programs Trend towards PTO bank Vacation Holidays Sick leave Personal days Long term disability Employee Services Education programs EAP & Mental health care Employee recognition programs Child Care 6
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