Essays on Employee Benefits

Employee Benefits Plans For Small Businesses

Employee benefits are very crucial in the lives of employees together with their families. Employees will consider benefits if they are to work for an employer. There are those benefits that employers must provide as required by the state while others are optional and it is the employer who decides whether they can offer the benefits or not. Most benefits provided include employee social security, unemployment insurance taxes, employee compensations, disability insurance, leave benefits, family, and medical leave (United States Small Business Administration, 2017). On the contrary, optional benefits may include COBRA benefits, employee incentive programs, health insurance, and ...

What aspects of Jones investments benefits program are likely to appeal to Aden? Explain

The excellent profit sharing plan which sees 80% of profits deferred to retirement account is likely to benefit Aden. This is because Aden is in his 30s which is the best time that most of people start thinking about retirement (Lembaga, 24). This will also appeal to Aden because he has past work experience, a thing that shows he has established himself in the employment sector and started off his life. He thus has less spending wage and won’t mind the 80% profit deferment. The one week paid vacation pack for one year employee at Jones and two ...

1.0. Introduction Gone the days when merely price tag and quality were the main determinants of the buying decision for any consumer. Today’s consumer based on growing awareness is much more concerned about the ethical status of the tools and methods utilized to produce, handle, and deliver a product or service. This emerging category of judgmental customer has also influenced the theoretical background as well as several practical considerations in the domain of business. One of the most important contributions of this tendency is the emergence of ethical consumerism on part of customers and corporate social responsibility or ...

Abstract

The creation of a employee benefit plan will be crucial to the start and retention of a business. Providing employees with benefits that are important to them will attract talented individuals, and ensure the business goals and strategies are met. Some of the most significant components of an employee benefit plan include wages, insurance and time off. Each of these components relates to the compensation of an employee, and employee compensation is what attracts, retains and motivates individual employees. Without an adequate plan, a business would not succeed. An employee benefit plan must be comprehensive and requires a plan ...

Introduction

General information and statistics on immigrants in the United States confirm their significant impacts on American economy and society . Statistics on immigrants provide profile of immigrants in the workforce as well as challenges that allegedly keep them working in poverty . Thesis statement: there are lack of employee benefits for immigrants in the United States through multiple barriers to employment, insufficient access to appropriate job training, poorer access to health care and low wages.

Multiple barriers to Employment

There are multiple barriers to employment that immigrants face, including “lack of English proficiency, limited skills, low levels of education, and poor understanding of American cultural ...

Literature review of Global Employee Benefit

Employee’s benefit is an indirect reimbursement, which “include various types of non-wage compensation provided to employees in addition to their normal wages or salaries” (BLS Information, 2008). Examples of the benefits are following: disability income protection, employer-paid housing, health, dental and life insurance, disability income protection, retirement payments, daycare, sick leave, paid vacation, funding of education, any flexible work arrangements, and other social benefits. Nowadays Global companies are a complex mixture of native divisions with their own exclusive and sole benefits needs. Multinational company are to provide their employees benefits that promotes economy, development, technology, efficiency, and at ...

Literature Review

Abstract Nowadays attracting and retaining professional and skilled staff has become a challenge for many companies. Many organizations experience significant turnover that adds complications to their business activity. Providing employees with the rewards of different kinds helps companies to deal with this problem, assists with retaining talent, and reduces expenses for hiring. The rewards offered by the organizations can be of different kinds and serve various goals. Rewards can be financial and non-financial, extrinsic and intrinsic. Management of these rewards differs from company to company and is usually designed to serve the certain goals of the organizations. One more ...

Background

ConsoE has recently acquired Expeer, an electrical company based in Austin, Texas with 15,000 employees. Expeer’s benefits package for its employees has traditionally been extensive and comprehensive when compared to what ConsoE offers. A tactical plan to communicate the change in benefits structure for the incoming former Expeer employees is crucial to help them understand and adjust to the new order.

Issue Identification and Root-Cause Analysis

The employees of Expeer get very high benefits that are significantly different from what is offered by the Consolidated Electronics. The benefits include a fully paid ten different health insurance plans, a 401k plus 3% match ...

Leadership in healthcare institutions is a difficult issue due to the distinct peculiarities of the industry, such as the need to continually think about allocating scarce resources, competition between healthcare institutions and a great role of followership (McKimm&Mannion, 2015, p.270). A crucial feature of the work of a leader in the sphere of healthcare is that such leader shall simultaneously be a good ethicist with strong decision-making abilities (Ledlow& Coppola, 2014, p.237). Leadership is also about creativity. Recently I took a quiz to get to know my degree of creativity, and found out that I am very creative (75/116) ( ...

Abstract

This paper explores various published articles that address employee insurance programs available for employees in an organization, particularly in the United States. The article discusses different aspects life insurance and disability so that when they are evaluated collectively, they create a rational analysis of the subject of the research. Hasman et al. (2004) explain the current employee insurance situation in the country. Martoccio (2010) and Fronstin (2007) provide a detailed discussion of employee benefits. The discussion available in these two sources tends to create several categories of both life insurance and disability insurance, describing how offering such plans may ...

One is get used to think of rewards as tangible things, while a business owner can provide such intangible benefits as insurance cover, vacation leaves and etc. The more generous the employee benefits are, the more attractive the position is. A generous plan may also help in keeping talent that the company already has or invite cream of the crops. The employee benefits plan varies from a small company to the big one, however, represents the fundamental importance for both of them. The employee benefits plan often serves as one of the measures of the employer’s success, thus ...

Breakeven point

The Veils & Tails Bridal is convinced that it will attain the breakeven point at a point when the 2,750,947 units are sold. This inference is the product of the breakeven formula that holds that unit volume will at all times equal the fixed cost divided by price less variable unit per unit cost. As well, this conclusion is arrived based on the formula that the organization’s breakeven point is obtained by obtaining the product of its fixed cost and sales divided by the value of sales for the period less variable costs incurred. As per ...