Ch 14 Benefits_w1 - MGMT 321 Managing Employee Benefits...

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1 MGMT 321 Managing Employee Benefits Chapter 14
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2 Case: Wrongful Discharge or “Poor Performance” 1. Which side, Majestic or Angelo, stands a better chance to prevail in this case? 2. How could Majestic prevent litigation of this type from occurring in the future?
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3 Case: Ok – Who’s Telling the Truth? 1. What was the principal weakness of the company’s position in this case? 2. Did Grimes have the right to request that his fellow employee be present during his meeting with Lenz? 3. Which witnesses do you believe provide the more credible testimony, those for the employer or those for the grievant? 4. If you were the arbitrator, what would be your decision in this case?
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4 Learning Objectives After this lecture, you should be able to: Identify strategic benefit considerations. Distinguish between mandated and voluntary benefits and list three examples of each. Discuss the shift of retirement plans from defined-benefit to defined-contribution plans. Explain the importance of managing the costs of health benefits and identify some methods of doing so. Describe the growth of financial, family-oriented, and time- off benefits and their importance to many employees. Summarize benefits communication and flexible benefits as considerations in benefits administration.
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5 Benefits An indirect compensation given to an employee or group of employees as a part of organizational membership. Why do companies offer benefits? Decisions about which benefits to include should take into account: The organization’s goals The organization’s budget The needs and expectations of the current and future employees
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6 Security Benefits Government mandated Worker’s Compensation Benefits provided to persons injured on the job Fully funded by employers through insurance What if the injury is the employee’s fault? Unemployment Compensation
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This note was uploaded on 02/21/2011 for the course MANAGEMENT 321 taught by Professor Joshi during the Spring '09 term at George Mason.

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Ch 14 Benefits_w1 - MGMT 321 Managing Employee Benefits...

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