1. Chapter 14 Employee Benefits Copyright © 1999 John Wiley & Sons Canada, Ltd. All rights reserved.

2. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Benefits Represent almost 30% of cost of payroll (on average) Need to reflect diversity of workforce Don’t directly affect employee performance but can can lead to dissatisfaction

3. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Benefits and the Link to Motivation

4. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Security: Workers’ Compensation Covers employees for disability, injury, or death from work- related accidents Administered provincially by premiums collected from employers Trend has been to link premiums to firms’ performance

5. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Security: Employment Insurance Provides temporary income to unemployed to help them locate jobs Administered by federal government; funded by employers and employees Some companies provide supplementary unemployment benefits to laid-off workers

6. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Security: Health Insurance Provides individuals with medical coverage Public health insurance is administered by provinces and territories, with assistance from federal government Most employers provide extended health insurance and dental care plans

7. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Security: Pensions Provides workers with income after they retire CPP and QPP financed by employers, employees, and the self-employed Private pension plans supplement CPP and QPP

8. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Employee Security: Group Life Insurance Paid for by employer, with coverage based on employee’s pay Optional plans allow for more coverage, or coverage for dependents May also include travel insurance and group accidental death and dismemberment insurance

9. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Benefits: Pay for Time Not Worked Vacations Holidays Personal days Other leaves Breaks

10. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Benefits: Services Employee Assistance Programs (EAPs) Wellness programs Counselling Meals and housing Discounts on products and services Education assistance

11. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Major Issues in Benefits: Flexible Benefits Employees are allocated money to choose benefits Semi-flexible plans have core of mandatory benefits, then set of optional benefits Can result in lower total benefits bills but can be costly to develop and administer

12. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Major Issues in Benefits: Domestic Partners Some companies now offer benefits to domestic partners in “marriage-like” relationships Trend is to eliminate difference in treatment of heterosexual and homosexual employees

13. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Major Issues in Benefits: Family-Friendly Benefits Flextime Job sharing Child care Dependent care Parental leave

14. HUMAN RESOURCES MANAGEMENT Templer Cattaneo De Cenzo Robbins John Wiley & Sons Canada, Ltd Major Issues in Benefits: Communicating Benefits Employees often don’t know full extent of benefits Can be educated using printed materials, videos, software, and the Internet