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14 Cards in this Set
- Front
- Back
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Benefits
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indirect finanacial and non-financial payments employees receive for contrinuing their employment with the company
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supplemental pay benefits
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benefits for time not worked such as unemployment insurance, vacation and holiday pay and sick pay
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supplemental unemployment benefits
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provide for a guratanteed annual income on certain industries where emplyoers must shut down to change machinery or due to reduced work. these benefits are paid by the company and supplement unemployement benefits
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worker's compensation
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provides income and medical benefits to work-related accident victims or their dependents regardless of fault
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health maintenance organization
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prepaid healt care providers that generally provides routine round-the-clock medical services as well as preventive medicine in a clinic-type arrangement for employees who pay a nominal fee in addition to the fixed annual fee the employer pays
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preferred provider organizations
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prepaid healt care providers that contract with employers insucrance companies or third pary payer to provide medical care services at a reduced fee
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group life insurance
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procides lower rates for the emplyoer of employee and includes all employees including new one regardless of health of physical condition
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deferred profit-sharing plan
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a plan in which a certain amount of profits is credited top each employee's account, payable at retirement, termindation or death
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employee stock ownership plan
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qualified tax-deductible stock bonus plan in which employers contrbute stock to a trust for eventual use by employees
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cash balance plans
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plan under which the employer contributes a percentage of emplyoees current pay to employees' pensions plans every year and employees earn interest on the amount
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early retirement window
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type fo offering by which emplyoees are encouraged to retire early, the incentive being liberal pension benefits plus perhaps a cash payment
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employees assistance program
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formal employer program for providing employees with counseling and or treatment programs for problems such as alcoholism, gambling or stress
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family friendly benefits
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benefits such as child care and fitness facilities that make it easier for employees to balance their work and family responsibilities
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special benefits plan / cafeteria benefits
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individualized plans allowed by emplyoees to accommodate emplyoee preferences for benefits
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