BUSM 1100 Lecture Notes - Absenteeism
Document Summary
Provide income protection or compensation for loss of income because of long-term illness or injury that is not work related. Begins when normal short-term disability or sick leave is used up. Mental health benefits continue to be leading cause of short & long-term disability claims in canada. Depression, stress alcoholism, absenteeism, injury, physical illness, lost productivity. Full or partial pay for all or part of legally required unpaid leaves by. Topping up with what employees receive from ei so total amount more close to regular salary. Sabbaticals time off to rejuvenate/pursue personal goals. Employers provide addition paid holidays and paid vacation above amount required by law. External factors: market surveys indicate competitiveness of benefit program, as for pay, but on group basis, not per job. Internal factors: nature of affordability of existing benefits, winners and losers (whether employee fully utilizing plans) Individualized benefits plans to accommodate needs and preferences of employees.
