BUS FPX4043 Assessment5.docx BUS-FP4043 Designing a Benefit Plan Capella University
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BUS FPX4043 Assessment5.docx BUS-FP4043 Designing a Benefit Plan Capella University Managing benefits for employees is an important and a very costly endeavor for employers. Although most employers are required to provide types of mandatory benefits, such as Social Security contributions, worker's compensation insurance and unemployment insurance, other benefits can be voluntary and determined by the employer. Benefits programs can vary; however, the typical packages can include medical insurance, life and disability insurance, retirement income plan benefits, paid-time-off benefits, and educational assistance programs. Benefit selection and design are critical components in the total compensation costs [ CITATION SHR21 \l 1033 ]. Research provided by Willis Towers Watson suggested that employers are aware of the need to provide a range of benefits their organizations offer to their employees. According to this
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- Rating : 3
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