Question.2521 - Money pays the bills but the extra benefits that a company offers can REALLY add to the entire package!! Please read chapter 11 thoroughly!! Take a look at all the options availablell When searching for a job be sure to inquire about the benefits offered. For Discussion Board #11 refer to chapter 11,first list 2 "employee benefits REQUIRED by law" that you never knew about before taking this class. Next,list 2 "work-life discretionary benefits" that you never knew about before taking this class. This chapter was fullof awesome informationII This will be a GREAT discussion weekl
Answer Below:
Employee Benefits required by law: Employee benefits required by law are mandatory provisions that employers must provide to their employees, including Social Security contributions for retirement, disability, and survivors' benefits, and Unemployment Insurance for financial support during a job loss. Two employee benefits required by law are: ? Social Security Insurance: The Social Security Act mandates that employers and employees contribute to a fund that provides benefits to workers upon retirement, disability, or the death of a family member (Lambert, 2000). This program includes retirement benefits, disability benefits, and survivors' benefits. The age at which employees can collect full retirement benefits varies based on their birth year. Additionally, Medicare provides medical and hospital insurance to retirees aged 65 or older (Snell & Morris, 2018). ? Unemployment Insurance: Employers are required to contribute to unemployment insurance, which provides financial support to workers who lose their jobs not because of any of their faults (Snell & Morris, 2018). Employees who are laid off may receive up to 26 weeks of unemployment insurance benefits. The amount of compensation is based on the worker's previous wage rate and length of employment. Work-life discretionary benefits: Work-life discretionary benefits are optional offerings by employers to enhance employees' work-life balance and well-being, such as flexible schedules, childcare assistance, paid time off, and wellness programs (Lambert, 2000). Two work-life discretionary benefits are: ? Elder Care and Backup Care Programs: Some organizations offer elder care counseling, educational resources, and support groups to help employees manage caregiving responsibilities for elderly family members. Backup care programs provide temporary care for employees' children or elders when regular arrangements fall through (Snell & Morris, 2018). ? Payment for Time Not Worked: It includes paid vacations, paid holidays, paid sick leave, sabbaticals, and severance pay, and supplemental Unemployment Benefits. Sabbaticals provide employees with paid time away from work to renew themselves. Severance pay is a one-time payment given to employees who are involuntarily terminated (Snell & Morris, 2018). References Lambert, S. J. (2000). Added benefits: The link between work-life benefits and organizational citizenship behavior. Academy of management Journal, 43(5), 801-815. Snell, S., Morris, S. (2018). Managing Human Resources. United States: Cengage Learning.More Articles From Human Resource
.ico)
.ico)
.ico)
.ico)
