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| Name | HR Basics: Employee Benefits 2e |
| Video Uploader | Video From GreggU |
| Upload Date | This Video Uploaded At 21-01-2019 18:00:02 |
| Video Discription | HR Basics is a series of short courses, designed to highlight what you need to know about a particular human resource management topic. In today’s HR Basics, we explore mandatory and voluntary employee benefits and benefit administration. Employee Benefits include all compensation other than hourly wage or base salary. Employee benefits are the programs an employer uses to supplement the cash compensation employees receive. These health, income protection, savings and retirement programs provide security for employees and their families. In this course, we will provide an overview of mandatory benefits, voluntary benefits, and benefit administration issues. Mandatory Benefits In the United States include Social Security, workers’ compensation, unemployment compensation, and family and medical leave. Additionally, beginning in 2015, employers are responsible for the Employer Shared Responsibility provision of the Affordable Care Act. Social Security provides a foundation of basic security for American workers and their families. Workers compensation is a form of no-fault insurance that covers medical care for work-related injuries, providing temporary, permanent partial, permanent total and survivor disability benefits. The national federal–state unemployment insurance program provides weekly income to individuals who become unemployed through no fault of their own. The Family and Medical Leave Act requires covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons. The Affordable Care Act extends health care to the many Americans not covered by an employer or other private plan. Voluntary benefits primarily focus on health, wellness; life management; and retirement. Benefits administration involves creating, managing and updating an employee benefits program and ensuring the maximum engagement among employees. Development of cost management and flexible benefits strategies are particularly important for today’s total reward professionals. Offering benefits to your employees is important because it shows them you are invested in not only their overall health, but their future. A solid employee benefits package can help to attract and retain talent. Healthier employees mean reduced healthcare costs for your organization. |
| Category | Education |
| Tags | human resource management | human resource | human resources | hr | hrm | employee | people management | how to manage people | management | Employee Benefits | Benefits | total rewards |
