EGE 09-25272 Week 1: Introduction to Employee Benefits -B-1809 - Employee Benefi
ID: 3501996 • Letter: E
Question
EGE 09-25272 Week 1: Introduction to Employee Benefits -B-1809 - Employee Benefits Forum 1 Answer Discussion Questions (250 word minimum) by the end of Day 4 In most cases organizations possess limited budgets to fund employee benefits. From an employee's perspective, which employee benefits should be funded? Which ones in your opinion are less important? Now respond to the same questions from an HR management perspective. Comment on two posts by your classmates (150 word minimum) by the end of the course week. Add a new discussion Manage forum subscriptions Forum 2 4 Final Project - Due at the end of Jump to. Week 6!Explanation / Answer
Talking from an employer's point of view , the budgets that should be funded are:
1. Medical insurance :
Medical Insurance is provided to aid medical /helth facilities to the employee. The bearing cost of health facilities of an individual are too high to afford . When such expenses are funded by the company , it is made free of cost for the employees. The cost of surgeons/physicians are provided by the company itself . Covering the entire medical insurance is sometimes made including the family members .
2. Retirement Benefits :
An employee should be provided retirement benefits at the end of their career life , in the form of pensions .
3. Life Insurance
This scheme protects the familyof the person in case the employee dies . Benefits are provided at a one go to the beneficiaries of the policy. The beneficiaries of the policy include either spouse or children etc.
Least important benefits :
1. Domestic Partner Benefits : It provides benefit to unmarried people .
2. Dental insurance
3. Vision Insurance
From an HR Management perspective :
Important ones are :
a. Performance Bonus
b. Pension
c. Medical Insurance
d. Life Insurance
Least important are from HR perspective :
a. Vacation leave
b. Disability income protection
c. Group Insurance (i.e. teeth, vision, etc)
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.