Matakuliah
Tahun
Versi
: J0124/Manajemen Sumber Daya Manusia
: 2005
: revisi
MODUL 13
Employee Benefits
1
Learning Outcomes
After studying this chapter, the students
should be able to :
• define employee benefits
• Explain the concept of a flexible-benefit
plan
• Compare the types of employee benefits
2
Outline
• The definition of employee benefit
• Legally Required Benefit
- Social Security
- Unemployment Compensation
- Workers’ Compensation
• Retirement-related Benefits
- Define-benefit Plan
- Define-contribution Plan
- Preretirement Planning
3
Outline…(2)
• Insurance-related Benefits
- Health Insurance
- Dental Insurance
- Life Insurance
- Accident & Disability Insurance
• Payment for Time Not Worked
• Other Benefit
• Flexible-Benefit Plans
4
What are Employee Benefits ?
it’s rewards that employees receive for
being members of the orgz. & for their
positions in the orgz.
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The purposes :
Reducing employees’ fatigue
To fulfill employees’ needs
Reducing employee’s turnover
5
In general, benefits can be grouped into 5
major categories :
• legally required
• retirement related
• insurance related
• payment for time not worked
• other
6
Legally Required Benefits
• Social security
• Unemployment compensation
• Workers’ compensation
7
Retirement Related Benefits
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Defined-benefit plan
Defined-contribution plan
Early retirement
Preretirement planning
8
Insurance benefits
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Health insurance
Dental insurance
Life insurance
Accident & Disability Insurance
9
Payment for Time not Worked
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Paid Holidays and Vacations
Rest periods
Lunch breaks
Sick leave
Jury duty
Funerals
10
Other Benefits
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Food Services
Exercise Facilities
Health & First-aid Services
Financial & Legal Advice
Counseling Service
Educational & Recreational Programs
Day Care Services
11
Flexible-Benefit Plans
The idea is to allow employees to select
benefits most appropriate to their
individual needs & lifestyles.
The problems with Flexible Plans :
• it requires more effort to administer
• employees may not choose those benefits
12
Communicating the Benefit
Package
• Most employees do not understand the
benefit programs
• That’s why the company needs to
communicate the benefit package
13
Closing
• Define employee benefits
• Explain the concept of Flexible-Benefit
Plans
• Explain the problems with FlexibleBenefit Plan
• Why should communicate the Benefit
Package
14