COMMERCE 2BC3 Chapter Notes - Chapter 10: Health Education, Flextime, Telecommuting
11 Dec 2016
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Benefits growth significant growth after wwii: wage and price controls, labour market shortages. Tax treatment of benefits is often better than the tax treatment of wags and salaries for both employee and employers. Cost advantage that groups realize over individuals. Growth of organized labor from 1930s to 1950s (eg. unions) Attract employees, build good reputation in the market. Provides a basic level o income security for working canadians when they retire or become disabled. Offsets lost income to eligible employees for reasons of job loss, illness or compassionate leave (eg. employee"s immediate family member suffers a life-threating illness) Total amount of insurance is cut in half, 1 part is paid by you the other is paid by the organization you work for. Provides wage-loss benefits, health care, survivor benefits and rehabilitative services to eligible employees with work related injuries or diseases. If an employee dies on the job, the family is entitled to his or her workers comp.
