Identify and discuss key issues in benefit planning

Assignment Help Management Theories
Reference no: EM131320050

Identify and discuss key issues in benefit planning, design, and administration. Be certain to discuss the four major administrative issues that arise on setting up a benefit package (325 Words).

Key Issues in Benefit Planning, Design, and Administration:

Benefits Planning and Design Issues

- How to attract good employees

- How to deal with undesirable turnover

- Integrating benefits with other compensation components

- Strategies for ensuring external competitiveness

- Ensuring that benefits are adequate

- Whether employee benefits are cost justified

4 Major Benefit Administration Issues:

Who should be protected or benefited?

- Series of questions need to be addressed

How much choice should employees have among an array of benefits?

- Concerns choice (flexibility) in plan coverage

- Standard benefit package

- Cafeteria-style," or flexible, benefit plans

How issues associated with flexibility should benefits be financed?

- Noncontributory

- Contributory

- Employee financed

Are your benefits legally defensible?

References: Stewart, G. L., & Brown, K. G. (2015). Human resource management: Linking strategy to practice (3rd ed.). Hoboken, NJ: Wiley.

Reference no: EM131320050

Explain the concept of balance of payments

Describe international trade including its potential benefits, and explain why a nation trading with a neomercantilist country would be at a disadvantage. Explain the concep

Evaluate the planning function of management

Prepare a 1,050-1,400-word paper in which you address the following topics/issues for your selected organization: Evaluate the planning function of management. Analyze the imp

Discuss the strategic importance of forecasting

Discuss the strategic importance of forecasting at your organization (or one with which you are familiar). What strategic decisions does it need to make in terms of forecast

Is this a business expense to be charged to your company

After you hand your passport to the immigration officer in country X, he misplaces it. A small "donation" would certainly help him find it again. Should you give him money?

State of texas and major hurricanes

Select a natural disaster that has occurred twice 10-15 years apart in the same state or region in the United States. Analyze the two incidents based on the following points:S

What are the elements of an all-hazards approach to protecti

Part 1Using your course materials and your own research, discuss the following topics: What are the elements of an all-hazards approach to protection and preparedness at the n

Conclusion and future of organization

X. Conclusion and Future of Organization - Comment about the organization's profile for future competitiveness and success. What does the organization hav

Bondholders to receive payments in the event the firm

Indicate whether each of the following actions will increase or decrease a bond`s yield to maturity: a. The bond`s price increases. b. The bond is downgraded by the rating a

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd