Flexible Benefits: its effects on employee and organisational outcomes Abstract The primary purpose of the present study was to examine organisational and individual outcomes of implementing flexible benefits. The current study has presented evidence on some of the main reasons why firms have (or have not) adopted flex benefit plans. The use of the benefits model has made links to the external and internal environmental drivers of benefit preferences and has stated that these drivers play a vital
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Employee Benefits -all forms of consideration given by an entity in exchange for services rendered by employees. J/E: Benefit Expense xx Cash* xx Prepaid/Accrued Benefit Cost** xx (*) – Cash = Contribution to the fund (**) – Credited if Accrued (Underfunded); Debited if Prepaid (Overfunded) Underfunded – Expense is more than Cash contributed Overfunded – Cash contributed is more that expense incurred Benefit Expense: Current Service Cost xx Add: Interest Cost xx
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The African Economic and Business Review‚ Vol. 3‚ No. 1‚ Spring 2002 1 Challenges in International Benefits and Compensation Systems of Multinational Corporation Semere Haile Grambling State University Abstract The aim of this paper is to examine developments on the type and amount of compensation necessary to attract technically and culturally qualified international managers and technical professionals to the three nationals or country categories involved international human resource
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New Laws and Regulations Affect on Compensation and Benefits Plans Healthcare Reform and pension plan fee disclosures increase employer costs abstract The labor and economic climate and the labor market of today have a lot of uncertainty. In today’s soft labor market‚ compensation and benefits might seem like a non-issue. Small business are struggling to be competitive in the business world and in order for them to do so them must compete to hire those employees that have a high degree of
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HRM590: Compensation Decisions Your job now is to pull together all the inform ation you’ve com pleted so far in class and m ake salary decisions for your team . You have com pleted Cathy’s evaluation and received assignm ent feedback. This is the first year that you’ve m ade salary decisions for this team . Be sure to carefully review the inform ation provided. You m ay sim ply type in the cells as the text will autom atically wrap . You are required to: 1. Enter Cathy’s appraisal rating (she
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International Journal of Career Management Emerald Article: Impact of employee benefits on work motivation and productivity Jon-Chao Hong‚ Sung-De Yang‚ Li-Jung Wang‚ En-Fu Chiou‚ Fan-Yin Su‚ sui-Lan Huang Article information: To cite this document: Jon-Chao Hong‚ Sung-De Yang‚ Li-Jung Wang‚ En-Fu Chiou‚ Fan-Yin Su‚ sui-Lan Huang‚ (1995)‚"Impact of employee benefits on work motivation and productivity"‚ International Journal of Career Management‚ Vol. 7 Iss: 6 pp. 10 - 14 Permanent link to this document:
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Workers’ Compensation Workers’ compensation is meant to protect employees from loss of income and to cover extra expenses associated with job-related injuries or illness. Accidents in which the employee does not lose time from work‚ accidents in which the employee loses time from work‚ temporary partial disability‚ permanent partial or total disability‚ death‚ occupational diseases‚ noncrippling physical impairments‚ such as deafness‚ impairments suffered at employer-sanctioned events‚ such as
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Business Research Report Compensation Strategies Assessment Code: RWT1 Student Name: Student ID: Date: Mentor Name: Table of Contents Executive Summary This report will look at 3 different compensation systems that our company can develop and roll out within our company for our employees and future employees. Compensation is one of the most important and rewarding factors for our employees. Employees rely on their compensation to pay their rent or mortgage‚ food for their
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Running head: HOW TO LEGALLY TERMINATE AN EMPLOYEE How to Legally Terminate an Employee Abstract Statistics reveal that approximately four out of every one hundred workers are fired or resign from their jobs each month‚ and an estimated one million workers are fired from their jobs each year (S.M. SACK 99). Many people who are fired are done so unlawfully. When a company terminates an employee unlawfully it can create astronomical financial burdens from law suits filed by these employees
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the Pay Model and Pay Strategy 1. How do differing perspectives affect our views of compensation? There are four perspectives in terms of views of compensation: Society’s view * Pay as a measure of justice * Benefits as a reflection of justice in society * Job losses (or gains) attributed to differences in compensation * Belief that pay increases lead to price increases Stockholder’s view * Using stock to pay employees creates a sense of ownership * Linking executive
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