Benefits Thomas Hendricks, Lawrence Thackston, Jacob Fowler, Kristin Maddox, Paige Olsen, Caden Smart

- Social Security- Unemployment Insurance

- Workers Compensation Insurance

- Family and Medical Leave- Health Care

Mandatory Benefits (required by law):

- Paid Leave- Group Insurance

- Medical Insurance- Employee Wellness Program- Life Insurance- Disability Insurance- Long Term Care Insurance

Discretionary Benefits: (Optional Benefits)

- Retirement Plans- Defined-Benefit Plans- Defined-Contribution Plans- Cash Balance Plans

- “Family Friendly” Benefits- Family Leave- Child Care- College Savings- Elder Care

Discretionary Benefits: (Optional Benefits)

- Other Benefits- Subsidized

Cafeterias- On-Site Health

Care- Moving Expenses- Employee

Discounts- Tuition

Reimbursement- Recreational

Benefits

Discretionary Benefits: (Optional Benefits)

Why Discretionary Benefits?

-Selecting Employee Benefits For Benefits Package.

-Employees Expectations and Values.

-Benefit Costs.-

Most Widely Used

Discretionary Benefits

1. Life Insurance- 57%2. Dental Care- 45%3. Non-Productive Bonus

Pay- 40%4. Wellness Programs-

35%

Cutting Edge Benefits

- Companies paying for birthday presents for employees that are selected by their co workers.

- Cereal dispensers in the lobby with personalized bowls for each employee.

Most Important Benefits Over The Next Decade- Retirement Benefits- (Social Security)

- Healthcare

- Employee Wellness Programs

- Benefits that create a more enjoyable work environment

Quiz Time

Question #1 Name 3 Mandatory Benefits

Question #2How many weeks of unpaid leave can be given due to family and medical leave?

A. 9B. 11C. 12D. 15

How many weeks of unpaid leave can be given due to family and medical leave?

Question #3Group insurance is a mandatory benefit

A. TrueB. False

Group insurance is a mandatory benefit

Question #4The U.S. does not require a company to provide a certain number of paid vacation days.

A. TrueB. False

The U.S. does not require a company to provide a certain number of paid vacation days.

Question #5(Pick Three)What are the top three discretionary benefits?

A. Life Insurance

B. Dental Care

C. Non-productive bonus pay

D. Wellness Program

E. Child care

F. Employee Discounts

Pick Three

What are the top three discretionary benefits?

Question #6 Name a reason to provide

discretionary benefits.

Question #7(From the video)

Why did Dwight want to raise his

cholesterol?