Benefits

Good Essays
Memo

To: CEO

From: Human Resources Director

Date: September 9, 2012

Re: Employee Benefit Package

As requested, and after much research and comparison of available benefit packages, the following benefit package is recommended to be implemented by the organization, and offered to all executive assistants, and all other employees. Executive assistants are vital in their role in the organization. The role of the executive assistant is to be the right hand of the executive, and this requires their attendance at work every day. Executive assistants perform many tasks that ensure the executive can focus on their obligations to the organization. The organization should recognize the importance of the health and wellbeing of employees. This package is beneficial, and cost effective to both the organization, and the employees. The organization has 1200 employees so the initial cost to the organization will be high, but the benefits to the organization, and the employees, far outweigh the cost in the long term.

Recommended benefits:

• Medical with employee contribution and co-pay. This will be structured to cover doctor visits, emergency room visits, and hospital stay. The organization will pay the first five days an employee is hospitalized, with the employee contributing $100 per day for every subsequent day they are in hospital.

• Dental with employee contribution and co-pay. This will be structured based on dental procedures, but the organization will cover 80% of the cost.

• Vision with employee contribution and co-pay. This will be structured so employees receive one free vision examination annually, one free pair of glasses annually, to a predetermined cost, and or contact lenses. Any cost above the predetermined cost will be incurred by the employees.

• 403b pension plan, with a fixed match from the organization not to exceed 10%. If an employee invests

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