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Employee Benefits

2007 Thomson/South-Western. All rights reserved.. 112. Objectives After studying this chapter, you should be able to:. Describe the characteristics of a sound benefits program.Indicate management concerns about the costs of employee benefits and discuss ways to control those costs.Identify and

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Employee Benefits

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    1. 2007 Thomson/South-Western. All rights reserved. Employee Benefits

    2. 2007 Thomson/South-Western. All rights reserved. 112 Objectives After studying this chapter, you should be able to: Describe the characteristics of a sound benefits program. Indicate management concerns about the costs of employee benefits and discuss ways to control those costs. Identify and explain the employee benefits required by law. Discuss suggested ways to control the costs of healthcare programs. Describe benefits that involve payment for time not worked.

    3. 2007 Thomson/South-Western. All rights reserved. 113 Objectives (contd) After studying this chapter, you should be able to: Discuss the recent trends in retirement policies and programs. Indicate the major factors involved in the management of pension plans. Describe the types of work/life benefits that employers may provide.

    4. 2007 Thomson/South-Western. All rights reserved. 114 The Chief Objectives of Benefits Programs Improve employee work satisfaction Meet employee health and security requirements Attract and motivate employees Reduce turnover Maintain a favorable competitive position

    5. 2007 Thomson/South-Western. All rights reserved. 115 Requirements for a Sound Benefits Program

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