matakuliah: j0124/manajemen sumber daya manusia tahun: 2007/2008 modul 18 managing employee benefits
TRANSCRIPT
Matakuliah : J0124/Manajemen Sumber Daya ManusiaTahun : 2007/2008
MODUL 18 Managing Employee
Benefits
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Learning OutcomesAfter studying this chapter, the students should be able to :• define employee benefits & identify two strategic reasons
of benefit• Distinguish between mandated & voluntary benefits• Describe two security benefits• Explain the importance of health-care cost management• Summarize benefits communication & flexible benefits
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Outline• Strategic perspective on benefit• The nature & types of benefit• Security benefits• Retirement security benefits• Health-care benefits• Financial & other benefits• Time-off benefits• Benefits
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Strategic perspectives on benefits
The purposes :•Reducing employees’ fatigue•To fulfill employees’ needs•Reducing employee’s turnover•To aid recruitment & retention
Total benefit costs can be funded both by contribution made by the employer and by the employees
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Types of benefits
Benefits
Government-mandated benefits
Voluntary benefits
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Security Benefits• Workers’ compensation
• Unemployment compensation
• Severance pay
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Retirement security benefits• Retirement benefits & age discrimination * early retirement * older worker benefit * retiree benefit• Social security• Pension plans• Pension terms & concepts
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Health-care benefits• Controlling health-care benefit costs * co-payment * defined contribution plans for health benefit
• Managed care
• Health-care legislation
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Financial & other benefits• Financial benefits• Relocations benefits• Insurance benefits• Educational benefits• Social & recreational benefits• Family-oriented benefits• Family-care benefits
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Time-off benefits• Holidays pay
• Vacation pay
• Leaves of absence
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Benefits administration• Benefits communication * benefit statements * HRIS & benefit communication
• Flexible benefits
• Problems with flexible plans * inappropriate benefits package * adverse selection
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Closing• Benefits provide additional compensation to employees• There are strategic reasons for offering benefits• An important distinction of benefits is made between
mandated & voluntary benefit• Flexible benefit systems are increasing in popularity• Explain the problems with Flexible-Benefit Plan• Why should communicate the Benefit Package