Scribd Logo
Upload

Welcome to Scribd!

  • Chap 8 Employee Benefits

    Uploaded by

    Xia Fermo
    18 views2 pages
    Trends in employee benefits programs are shifting due to demographic changes and a tight labor market. Countries like Japan and Italy face shrinking workforces as life expectancy rises, creating a demographic pinch. Additionally, uncertainty has become the new reality for benefits planning as programs move from being employee-driven to employee-focused. Flexible benefit program designs allow employees choice and modularity in selecting their coverage using options like salary reduction, core and optional modules, and flexible credits to purchase various levels of coverage.

    Original Description:

    HRM

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Trends in employee benefits programs are shifting due to demographic changes and a tight labor market. Countries like Japan and Italy face shrinking workforces as life expectancy rises, creating a demographic pinch. Additionally, uncertainty has become the new reality for benefits planning as programs move from being employee-driven to employee-focused. Flexible benefit program designs allow employees choice and modularity in selecting their coverage using options like salary reduction, core and optional modules, and flexible credits to purchase various levels of coverage.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    18 views2 pages

    Chap 8 Employee Benefits

    Uploaded by

    Xia Fermo
    Trends in employee benefits programs are shifting due to demographic changes and a tight labor market. Countries like Japan and Italy face shrinking workforces as life expectancy rises, creating a demographic pinch. Additionally, uncertainty has become the new reality for benefits planning as programs move from being employee-driven to employee-focused. Flexible benefit program designs allow employees choice and modularity in selecting their coverage using options like salary reduction, core and optional modules, and flexible credits to purchase various levels of coverage.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 2

    TRENDS IN EMPLOYEE BENEFITS PROGRAM

    SHRINKING AVAILABILITY
    OF SKILLED WORKERS
    Japan and Italy
    Shrinking workforce
    DEMOGRAPHIC PINCH
    China and Russia

    LIFE EXPEXTANCY TREND


    •Ability to enjoy a long and
    healthy life
    •It reflects reductions in mortality DEMOGRAPHIC DIVIDE
    rates.
    It is the economic growth
    experienced by a country as a
    UNCERTAINTY HAS result of the change in the
    BECOME THE NEW REALITY country’s population
    Employee-driven to structure.
    Employee-focused benefit
    planning

    www.presentationgo.com
    FLEXIBLE BENEFIT PROGRAM DESIGN

    Salary-reduction- Modular Core + Optional


    Mix & Match
    only Option Coverage

    Choice between
    Premium Conversion: several different Core: basic coverage
    Employee pays premium for combinations of in certain areas Flexible credits
    inusrance with pre-tax salary benefits. are provided, and
    reduction. Plus: flexible credits to employee can
    Flexible Spending account: purchase additional purchase any type
    Pre-tax salary reduction fund coverage in core area and level of
    an account for paying or in supplemental coverage offered
    uncovgered medical or areas
    dependent care bill.

    LOW FLEXIBILITY www.presentationgo.com HIGH FLEXIBILITY

    You might also like