Please enable JavaScript.
Coggle requires JavaScript to display documents.
benefit determination process (12) (growth employee benefits (employee…
benefit determination process (12)
employee benefit
the part of total compensation package. than pay for time worked, provide to employees in whole or part by employer payments
growth employee benefits
employee impetus
cost effectiveness of benefit
unions
government impetus
wage & price control
issue in benefit planning, design & administration
benefit planning & design issue
integrating benefits with other compensation components
strategies for ensure external competitiveness & adequacy benefits
how to deal with undesirable turnover
cost justified
how to attract & design issues
benefit administration issues
who should be protected
how much employee have among array of benefits
how should benefit be financed
are your benefits legally defensible
advantages flexible benefit programs
increase involvement employee
less costly
help firm meet changing need
cost containment
can choose package
disadvantages flexible benefits programs
bad choice
burden & expenses increase
adverse selection
discrimination
benefit package
employee factors
personal need
equity
employer factors
competitior offering
role of benefits in (attraction, retention & motivation)
cost relative to benefits
legal requirements
relationship total compensation cost
administering benefit program
claims processing
communicating about benefits program
cost containment
copay
administrative cost containment
benefit limitation
probationary period