HRM 2600 Chapter 11: Chapter 11 - Employee Benefits
18 Oct 2011
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A. r. m employers offer benefits to attract, retain and maintain employees: improve employee work satisfaction, meet employee health and security requirements, attract and motivate employees, reduce turnover, maintain a favourable competitive position. Medium to large companies offer flex benefits. Disadvantages: poor employee benefits selection results in unwanted financial, there are certain added costs to establishing and maintaining costs. the flexible plan, employees may choose benefits of high use to them that increase employer premium costs. Methods of communicating benefits: in-house publications (employee handbooks and organizational newsletters, group meeting and training classes, bulletin boards, payroll inserts/pay stub messages, specialty brochures, employee self-service systems (ess) Employers require employees to pay part of the costs of certain. Dollar limits, such as a dollar cap on a specific benefits such as. Coverage changes (e. g. limits on hospital upgrades) Use of preferred providers and flexible benefits. Key features of employee benefits required by law.
