Professional Documents
Culture Documents
Pay For Performance and Employee Benefits
Pay For Performance and Employee Benefits
DAYA MANUSIA
The main
incentives for
individual
employees
1 Piecework
Plans
Individual
Employee
2 Merit Pay
Incentive Plans
Merit Plan Example
Individual Employee
Incentive Plans
1 Social Media & HR
2 Job Design
Social Recognition & Related Positive
Reinforcement
1 Individual Employee 6
Social
Incentive Plans Executive’s
Strategic
Media & HR
Long-Term
2 3 4 5
Profit-Sharing Plans
Team & Organization-Wide Incentive
Plans
•Gainsharing
•At-Risk Pay Plans
•ESOPs
Team & Organization-Wide Incentive Plans
Pay For Time • Supplemental Pay Benefits
Not Worked &
• Unemployment Insurance
Insurance
Benefits
Pay For Time Not Worked
01 Vacations &
Holidays
02 Sick Leave
Social Media &
03
HR
Patient Protection and Affordable Care
Act of 2010
COBRA
Insurance
Benefits ERISA
HIPAA
Trends in Employer Health Care Cost Control
•Wellness programs
Employers are engaging more in wellness program offerings.
•Claim Audit
Standard protocol to add ways in which to audit to bring down health care costs.
•Long-term care
With baby boomers in their 60s, long-term care insurance for things such as nursing assistance to former
employees is a key benefit.
•Life Insurance
Most employers provide group life insurance which provides lower rates for the employer or employee
and includes all employees, including new employees, regardless of health or physical condition.
•Pension Plans
Plans that provide a fixed sum when employees
reach predetermined retirement age or when they
can no longer work due to disability.
- Defined benefit pension plans
- Defined contribution pension plans
- 401(k) Plans
Retirement & Other
Benefits •ESOP
An employee stock ownership plan (ESOP) is a
qualified, tax-deductible stock bonus plan in which
employers contribute stock to a trust for eventual
use by employees.
•ERISA
This law requires that pension rights be vested and
protected by a government agency, the PBGC.
Retirement Benefits
PBGC
Vesting
•EAP
•Other Job-Related Benefits
Employee Assistance Programs are a formal
Other Job-Related benefits include elder-care
employer program for providing employees
services. With the aging population increasing,
with counseling and or treatment programs for
employers will have to deal with employee issues
problems such as alcoholism, gambling, or
around elder care.
stress.
•Elder-care services
•Domestic partner benefits
Other Benefits
01 •Executive Perquisites
Executive Perquisites usually go to only the top
executives.
EMPLOYEE
ENGAGEMENT
Costco’s Compensation Plan
Thank you