stewart chapter 12

stewart chapter 12 - ▫ Retirement/old-age insurance ▫...

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Click to edit Master subtitle style   Designing Compensation and  Benefit Packages Chapter 12
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  Incentive Pay Individual, Group, Organizational Based on performance Importance of fairness perceptions Relationship between performance and rewards What is best?
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  Individual Incentives Piece-rate/standard rate or hour Commissions 70/30 is common  draw Merit pay Bonuses  Earnings-at-risk 
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  Group/organizational incentives Team/group bonuses and incentives Gainsharing  Profit sharing Employee stock ownership Stock plans Stock options  ESOPs
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  Mandatory benefits Social security 
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Unformatted text preview: ▫ Retirement/old-age insurance ▫ Disability ▫ Medicare • Unemployment Optional benefits • Medical ▫ HMOs ▫ PPOs ▫ HSAs ▫ FSAs ▫ Flexible/cafeteria plans ▫ Co-pays, co-insurance, maximum benefits Other insurance – dental/vision/life/disability More optional benefits… • Pay for time not worked ▫ Vacation, sick leave – or PTO? • Lifestyle benefits • EAPs/EWPs Retirement • Defined benefit • Defined contribution • ERISA ▫ Pensions must be fully funded ▫ Summary plan description...
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This note was uploaded on 10/13/2010 for the course MGT 4373 taught by Professor Newman during the Spring '08 term at Texas State.

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stewart chapter 12 - ▫ Retirement/old-age insurance ▫...

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