Employee Benefits

"Employee benefits refer to compensation other than hourly wage, salary, or incentive payments. Three fundamental roles characterize benefits programs: protection, paid time off, and accommodation and enhancement. Protection programs provide family benefits, promote health, and guard against income loss caused by catastrophic factors such as unemployment, disability, and serious illnesses. Paid time-off policies compensate employees when they are not performing their primary work duties, for example, vacation and holidays. Accommodation and enhancement benefits promote opportunities for employees and their families, including stress management classes, and educational assistance. Employee Benefits was written to provide an introduction to the most common employee practices used in U.S. firms. It is an appropriate source of information for those who want to learn the foundation and acquire a breadth of knowledge about these practices. College-level students taking an undergraduate or a graduate course in employee compensation and benefits will build the foundation for understanding the origin of specific benefits practices and fundamental design considerations. Practitioners who work with benefits professionals or are beginning to take on administrative or managerial roles regarding employee-benefits programs will find this book to be an excellent introduction"--