Describe what you believe to be some of the more important employee benefits offered by an employer?

Employee benefits such as:

  • Deferred income
  • Loss-of-job income continuation
  • Disability income continuation
  • Health & accident protection

Various methods for costing benefits

  • Annual Cost - This method provides total annual cost figures for each benefit. Cost per employee per year-Simple bookkeeping procedures permit the development of annual costs per employee of particular benefits.
  • Percentage Payroll - Computing the percentage of payroll costs requires a determination of just what the organization includes as payroll costs for work performed.
  • Cents per Hour - The cents per hour figure also varies among organizations because of the different ways to identify & define the time hour.

HR-Professionals 12 Compensation 12

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