Monday, November 12, 2012

Company's Health Care Program for the Employees

The same applies to short call and long-term disability insurance programs. According to an article in HR Focus, in a recent survey of 347 employers, 80% were considering employee cost sharing as a way to require with health cost increases. Cost-sharing strategies may include increases in deductibles, co- containments, coinsurance, and due maximums. About a third of the respondents also expect to assist the amount employees pay for coverage for themselves and dependents by at least 10% ("Compensation and Benefit News", 12).

With regard to a qualified retirement program, an employer must decide whether or not the attach to will match a portion of the employee's contribution, and if so how much the company will match. Another decision would be whether the company matching program is fixed or discretionary.

If the company offers employees melody options, the company must decide how many stock options will be award to each employee. If the company offers bonuses, a determination must be made about who is eligible, and what methodology or formula will be used to set apart the amount of the bonuses awarded.

Compensation programs tend to classify employees as universe either [a] hourly or non-exempt, or [b] salaried and non-exempt. In this context, exemption relates to wheth


Many salespeople ar paid commission. There be a number of diametric variations on the way companies pay salespeople. For example:

Metatek, Hunter. "Why Can't We Be Friends?" Network cipher. 15:3 (19 Feb 2004): 18.

Compensation plans often take in establishing a specific amount of money that senior guidance makes available for raises.
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In many instances, a department headrooming is conk outn a specific dollar amount as the total amount he or she can give as wage increases. It is then up to the department head to decide how to allocate these funds. Ideally, the best, brightest and most productive employees will gravel large raises. Average to marginal workers will ascertain shortsighted or nothing based on their performance. However, many supervisors are uncomfortable with the idea of telling an employee they are not liberation to receive a raise. As a result, many supervisors shade for a compromise. As a result, the best workers often receive far less than they deserve, and substandard employees receive a much larger raise than they deserve. Hunter Metatek in Network Computing reinforces this point when he suggests that either while not every employee can be a star, each member of the aggroup deserves at least the company's standard raise (Metatek, 18).

Other companies pay commission only on collected sales.

er or not an employee is eligible to receive additional compensation for overtime. nether federal law, a non exempt employ
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