Discretionary Benefits Research Paper

Fringe benefits: The employees can be maintained by paying them fringe benefits, non-cash expenses. They may include child-care expenses, tuition assistance, and flexible medical bills. In cases where the employees want to take personal classes, the employer can reimburse the tuition to entice the worker and attract more services delivery (Albinger & Freeman,

There are many types of insurance programs that are offered with a compensation & benefits package at places of employment. The programs that will be discussed are term life insurance, universal whole life insurance, accidental death & dismemberment, and long and short term disability insurance. These programs offer extra precautions for life disasters. For someone like myself I would rather pay for it and have the coverage instead of something spontaneous happening and not having the funds to go through life. We will dive into each form of insurance and the advantages they provide.

Base pay, protection programs, paid time-off programs, and work-related bonuses are all part of which type of compensation program?

“Welfare's purpose should be to eliminate, as far as possible, the need for its own existence (Ronald Reagan).” The Government stands tall as the “big brother” and takes the responsibility of holding the United States up. The question is, is it too much to bear? The United States following the Dust Bowl was a disaster, and this was the first time in history many looked to the government for assistance in holding the country up. What began nearly 100 years ago never ended and only grew into what it is today: welfare, where anyone struggling can receive assistance. Since the 1930’s much has changed, today the government assists low income Americans in many ways just two are providing food and housing.

There are a few benefits that employees will expect as standard. These benefits are usually seen as priority and can include pensions, medical, dental and life insurance and. Aside from priority benefits a number of companies need to add extra enticements. These employee benefits can include discretionary bonuses, performance related bonuses, profit sharing, gym memberships. Employers who then go the extra mile above standard employee benefits packages may be looking at some extra loyal employees. Innovative employee benefits are not the normal or standard benefits. They can sometimes be seen as unusual but can actually be very worthwhile. Examples of innovative benefits can include:

It is necessary to address profitability of the healthcare providers positions and positions requirements such as experience, certifications, and education requirement. Types of benefits an employer can add to the compensation package are insurance befits for the employee and dependents, professional benefits, life insurance, retirement packages and many other incentives like home loans, relocation expenses, practice setup costs, sick leave, retention bonuses and more (Health Professions Compensation, 2013).

Wellness benefits can be offered as part of employee assistance programs or as separate benefits.

The distribution of federal government spending is interesting and questionable, “In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It's also about $12,000 for every woman, man and child in the United States.” (@natpriorities). The question remains, where does all the money go?

These employees enjoy accrued benefit such as health insurance, vacation, Competitive wages, dental insurance, holiday and a retirement plan (Helms, 2001).

In American Philosophy they are many important people that we have touched on along with many topics we have addressed, but in specific social benefit (John Dewey) and freedom (Thomas Jefferson) seems to be a more appealing topic to address. These two individuals are one of the most important people in American Philosophy history and they both played major parts in forming the world we live in today. In terms of what I stand for, I believe that society should overall seek social benefit rather than just freedom along with abandoned democracy if it stops providing overall social benefit for various reasons. One of the reasons is, democracy is more than a political form it is for the people by the people and should convey that with their actions, another is individuals deserve to have a voice and say when it comes to the conditions of democracy acknowledging our freedom. Next, social benefit is useful in the sense where it includes the rights for

After completing the true or false assessment of the SHRM PowerPoint “Discretionary Employee Benefits” (Markel, 2010). I received a score of 14/15. One of the statements that I feel strongly about is statement number two: “Employees often consider what discretionary benefits are available when deciding to work for an employer” (Markel, 2010). I chose this statement because I feel that even if a job is exactly what I wanted and it does not have discretionary benefits that are important to me it might not be the ideal job for me. For instance, if I needed health insurance or dental insurance and a company did not offer it I would need to find another job that had that benefit. If I had health insurance from a parent of partner I would not care

Chapter conclusion: Benefits for employees are very important for companies. Benefits for employees include various insurance plans, paid vacation days, paid sick leave, paid days off, etc. Different companies need to establish different benefit plans based on their company conditions. In brief, benefit in one of the bridge between employers and employees.

4. I would allow employees to make decision on schedule and budgets that concerns them as a group.

Employee benefits are a tool used by businesses to attract potential applicants, improve employee satisfaction, reduce turnover and maintain competition. Benefits that most employers offer include, but are not limited to, medical and dental coverage, time away from work, retirement, and additional assistance during life changing events. The majority of employers in the United States offer benefits to their employees and include an annual enrollment yearly to select benefits and make any needed changes.

The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide. These benefits include employer contributions to Social Security, unemployment insurance, and workers’ compensation insurance. Altogether such benefits represent about twenty-one and half percent of payroll costs.