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Human Resources (1,146)
MHR 523 (473)

Study Notes: Chapter 13.docx

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Human Resources
MHR 523
Pat Sniderman

Chapter Thirteen Employee Benefits and Services MHR Notes Pension Planplans that provide income when employees reach a predetermined retirement age Employee benefitsindirect financial payments given to employees They may include supplementary health and life insurance vacation pension education plans and discounts on company productshelps develop loyalty increase ability to attract and retain employees but very expensive Government Sponsored Benefits in Canada 1 Employment insurancea federal program that provides income benefits if a person is unable to work through no fault of his or her own 2 CanadaQuebec Pension Planprograms that provide three types of benefits retirement income survivor or death benefits payable to the employees dependents regardless of age at time of death and disability benefits payable to employees with disabilities and their dependents Benefits are payable only to those individuals who make contribution to the plans andor available to their family members 3 Workers Compensationprovides income and medical benefits to victims of workrelated accidents or illnesses andor their dependants regardless of fault 4 Vacation and Statutory Holidaysemployment standards legislat
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