BU354 Chapter Notes - Chapter 13: Elderly Care, Palliative Care, Telus
Document Summary
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. Generally provided to all of a firm"s employees and include such things as time off with pay, supplementary health and life insurance, and employee assistance plans. Employee benefits are an important part of most employees" compensation. Administering benefits today represents an increasingly specialized task, because workers are ore financially sophisticated and demanding and because benefit plans must comply with a wide variety of laws. Most employees do not realize the market value and high cost to the employer of their benefits. Employment insurance (ei)- a federal program intended to provide temporary financial assistance to eligible persons who experience interruption to their work through no fault of their own. Not payable when an employee is terminated for cause.
