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PROVIDING EMPLOYEE BENEFITS - Coggle Diagram
PROVIDING
EMPLOYEE BENEFITS
4. SELECTING EMPLOYEE BENEFITS
Organization's Objectives
Benefits' Costs
Employees' Expectations & Values
Caferia-style plan
1. THE ROLE OF EMPLOYEE BENEFITS
Employee Benefits (9)
5. LEGAL REQUIREMENTS
FOR EMPLOYEE BENEFITS
Tax Treatment of Benefits
Antidiscrimination Laws
Accounting Requirements
Communication Essential
3. OPTIONAL BENEFITS PROGRAMS
2. Group Insurance
Medical Insurance
Additional Coverage
Consolidated Omnibus Budget Reconcilliation Act (COBRA)
3. Employer approaches to
controll health costs
Managed care
HMO
PPO
Flexible spending accounts
ACOs
CDHP
EWP
1. Paid Leave
4. Life Insurance
5. Disability Insurance
Short-term D.I
Long-term D.I
6. Retirement Plans
Contributory plan
Noncontributory plan
Defined benefit plan
Employee Retirement Income Security Act
Pension Benefit Guarantee Corporation
Defined-contribution plan
Money purchase gain
Profit-sharing & employee stock
ownership plans
Section 401 (k) plans
Cash Balance Gain
7. Gov. Requirements for Vesting
& Communication
Vesting Rights
Summary Plan Description
8. "Family-Friendly" Benefits
Family leave
Child care
College savings
Elder cares
9. Other Benefits
2. BENEFITS REQUIRED BY LAW
Family & Medical Leave Act
(FMLA)
Workers' Compensation
4 major catogories of benefits
:
Disability income
Medical care
Death benefits
Rehabilitative benefits
Patient Protection &
Affordable Care Act
Unemployment Insurance
4 conditions:
Demonstrate they were employed
Available for work
Actively seeking work
Were not discharged for cause, did not quit voluntarily, are not out of work due to labor dispute
Social Security
5 programs