Chapter 13 HRM
Compressed Work Weeks
- Many employees, like airline pilots, don't work conventional 5-day, 40-hour workweeks. Workers like these typically have compressed workweek schedules—they work fewer days each week, but each day they work longer hours. Some firms have four 10-hour day workweeks. Some workers—in hospitals, for instance—work three 12-hour shifts, and then take off for 4 days
Employee benefits account for _____% of total payroll
30%
On average, about how many paid holidays do employees in the United States receive?
9 days of vacation leave after 1 year employment•14 days after 5 years•17 days after 10 years
Social Security
A social insurance act put into effect in 1937 and funded by employer and employee contributions //What's covered?-Retirement Benefits,Survivor's Benefits,Death Benefit,Disability,Medicare
The six elements of the Total Rewards Model are:
COMPENSATION benefits WORKLIFE EFFECTIVENESS recognition PERFORMANCE MANAGEMENT talent development
What the purpose of EAP (Employee assistance programs)?
EAP (or Employee Assistance Programs) provide counseling and advisory services, such as personal legal and financial services, child- and elder care referrals, adoption assistance, mental health counseling, and life event planning
Personal Services
EAPs/Credit Unions/Legal Services/Counseling/Social and Recreational
4)Recognition:
Either formal or informal programs that acknowledge or give special attention to employee actions, efforts, behavior or performance. (e.g. Employee Of The Month)
What does COBRA cover?
Employees that are separated from the organization; companies must provide coverage for up to 18 months - BUT employees must pay for
Voluntary benefits
Employer voluntarily chooses to offer - health and wellness programs, life management and retirement benefits
Who is eligible to receive workers compensation?
In order to receive worker's compensation, the employee must prove the injury happened on the job Is worker's compensation always monetary? No can be medical
3)Work
Life Effectiveness:-Programs that actively supports work-life balance (e.g. condensed work weeks, telecommuting)
What does sick leave cover?
Most policies grant full pay for a specified number of sick days—perhaps 12 per year—usually accumulating at the rate of, say, 1 day per month of service
How much do you get from Unemployment Insurance
Not 100% of wages. Unemployment does not pay 100 percent of the wages the individual once earned. State laws typically put a maximum percentage in place, often between 70 and 80 percent of the salary the individual earned per week, but plans factor other data before creating a payment plan, including how much individuals earned, and how long they had been at that payment level
1)Compensation:
Pay provided by an employer to its employees for services rendered
What are pooled paid leave plans (or "banks")?
Pooled paid leave plans (or "banks") are ways of the company lumping together sick leave, vacation, and personal days into a single leave pool. When companies do this, they usually give employees a certain number of PTO (Paid Time Off) days.
¡Death Benefit & Survivor's Benefits
Provides monthly payments to your dependents regardless of your age at death (assuming you're insured under Social Security)
5)Performance Management:
The alignment of an organizational, team and individual efforts toward the achievement of business goals and organizational success (e.g., goal setting, providing regular feedback)
¡Retirement Benefits
The familiar retirement benefits provide an income if you retire at age 62 or thereafter and are insured under the Social Security Act. It ensures continuous stream of income after retirement
Sick leave Challenges
The problem is that while many employees use their sick days only when sick, others use them whether they're sick or not//Personal illnesses accounted for about 45% of unscheduled sick leave absences
Employee Benefits:
are any kind of compensation provided in a form other than direct wages and paid either in whole, or in part by an employer. In other words, these are non-wage compensation or rewards given to employee.
Are they common?[EAPs]
are popular, with more than 60% of larger firms offering them. One study found that personal mental health was the most common problem addressed by employee assistance programs, followed by family problems.
Pension Plans 401K Plans
can act as a great source of incentive, especially when the contributions made by the firm into the retirement plan along with the employee contributioN
survivor benefits
for dependents of workers who die due to work related injuries.
Contingent Workers
freelancers, independent contractors, consultants, or other outsourced and non-permanent workers who are hired on a per-project basis
Sick leave
pay due to sickness and need to stay out of work,Most policies grant full pay for a specified number of sick days—perhaps 12 per year—usually accumulating at the rate of, say, 1 day per month of service
What is severance pay and when would organizations pay it? In addition, are all employees eligible for severance pay?
severance pay is an one time separation payment when terminating an employee.typically employees that quit do are not eligible for sverencepay. It's more for people dismissed during downsizing that receive a severance pay.
Workers who receive those benefits are not allowed to
sue their employers for damages of any type.
The person qualified for COBRA, has to pay
the full expense of the healthcare plan, but at the same price charged to the employer
Benefits
theres 2 kinds mandatory[Required by law -social security, workers' compensation, unemployment insurance, family and medical leave] and volentary [Employer voluntarily chooses to offer health and wellness programs, life management and retirement benefits]
What are pooled paid leave plans?
Pooled paid leave plans (or "banks") are ways of the company lumping together sick leave, vacation, and personal days into a single leave pool. When companies do this, they usually give employees a certain number of PTO (Paid Time Off) days.
2)Benefits:
Programs an employer uses to supplement the cash compensation employees receive (e.g., healthcare, dental care)
¡Medicare
Provides health services to people age 65 or older. "Full retirement age" for non-discounted Social Security benefits traditionally was 65—the usual age for retirement. It is now 67 for those born 1960 or later.
What does disability insurance cover?
Provides income protection for salary loss dur to illnes or accident and may countinue until age 65 or beyound. Disability benefits usually range from 65%-75%of the employees bassed pay if he or she is disabled-Provides monthly payments to employees who become disabled totally (and to their dependents) if they meet certain requirements.
6)Talent Development:
Provides the opportunity and tools for employees to advance their skills and competencies in both their short- and long-term careers (e.g., Training Programs, Mentoring Relationships)
What must employees prove if they want to receive worker's compensation?
That they were hurt on the job
Unemployment insurance:Maximum Time.
Typically receive Unemployment Insurance for maximum of 26 weeks
Worker's Compensation
a social insurance program that provides cash benefits and medical care to workers when they suffer injuries or illnesses related to their employment//In most states, all employers are required to offer such programs regardless of the number of employees//¡Public employment offices pay out compensations, usually 60% of the employee weekly wage and usually has a maximum limit.//¡Typically receive Insurance for maximum of 26 weeks//Funding for extended periods shared between federal and state government
Common time
off-with-pay benefits include:-1.Holidays2.Vacations3.Jury Duty4.Funeral leave5.Military duty6.Personal days7.Sick leave8.Sabbatical leave9.Maternity leave10.Unemployment insurance payments for laid-off or terminated employees
What is another name for pay for time not worked?
supplemental pay benefits
Are benefits provided for part time and contingent (e.g. temporary) employees?
yes many but not all firms provide holiday pay,sick leave, vacation benefits and health care insurance
¡COBRA Healthcare
¡A continuation of group health coverage for employees and qualified beneficiaries who might otherwise be ended when an employee experiences a qualifying event.
Flextime
¡A work schedule in which employees' workdays are built around a core of midday hours, and employees determine, within limits, what other hours they will work
Unemployment insurance : how it works
¡Actively looking for work. To collect benefits, you must be ready, willing, and able to work, and actively looking for work during each week in which you are claiming benefits
Job Sharing
¡Allows two or more people to share a single full-time job. For example, two people may share a 40-hour-per week job, with one working mornings and the other working afternoons
COBRA Healthcare:How does it work?
¡Can stay in the group health plan for 18 months// Medical benefits include inpatient and outpatient hospital care, physician care, surgery and other major medical benefits, prescription drugs and any other medical benefits, such as dental and vision care.
Who is covered by unemployment insurance?
¡Companies are NOT required to let everyone they dismiss receive unemployment benefits (e.g. if dismissed for cause, you may not be able to receive unemployment)//¡Only workers who became unemployed through no fault of their own are eligible (e.g. downsizing)
What are some actions organizations can take to reduce the number of workers' compensations claims?
¡Screen out accident prone workers,¡Reduce accident causing conditions,¡Develop safety policies and procedures (e.g., must wear non-slip shoes),¡Case Management - manage each injured employee's case, individually
Mandatory benefits include
¡Social Security,¡Unemployment Insurance,¡Worker's Compensation,¡COBRA Healthcare, Leaves under Family and Medical Leave Act
¡Unemployment Insurance
¡The Unemployment Insurance (UI) program provides temporary financial assistance to eligible workers who lose their jobs through no fault of their own (e.g. downsizing)//¡Funded by employers. Businesses pay a certain amount of money into an unemployment insurance trust fund, based on the number of employees they have, their history of laying people off, and the current tax rate
Telecommuting
¡using technology to work away from the office—is popular. About 48% of employers offer ad hoc telecommuting options, while 17% offer them on a full-time basis
In regards to Employee Benefits what are Advantages for employee
•Have peace of mind, because of sense of security•Enjoy additional protection, in event of serious illness or disability•Feel a sense of pride to be a part of the firm
In regards to Employee Benefits what are Advantages for employer
•Recruit and retain high quality talent•Improve employee productivity and boost employee performance•Pay less wages
