MHR 523 Chapter Notes - Chapter 13: Unemployment Benefits, Pension, Critical Illness Insurance
21 Apr 2017
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Mhr523 lecture 8 chapter 13: employee benefits and services. Recall that benefits make up an important part of total compensation. Employee benefits: indirect financial payments given to employees: they may include supplementary health and life insurance, vacation, pension plans, education plans and discounts on company products. Helps attract and retain the right people to achieve business objectives. Helps compete for talented workers in competitive labour market. Leaves of absence: all provinces and territories and the federal jurisdiction require unpaid leaves of absence to be provided in certain circumstances: maternity/parental leave, bereavement leave on the death of a family member, compassionate care leave. Canada/quebec pension plan (c/qpp): programs that provide three types of benefits: retirement pensions, survivor or death benefits, and disability pensions: only payable to those who make contributions to the plans or to their family members. Workers" compensation: provides income and medical benefits to victims of work-related accidents or illnesses of their dependents, regardless of fault.
