PSY 102 Lecture : CHAPTER 13.doc
17 Apr 2012
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Why are benefits important: help attract and retain the right people to achieve business objectives, modest salary increases, health care benefits becoming increasingly important aging workforce. Social programs to protect citizens when they cannot earn income, employers and employees fund for plan plus tax revenues. Workers" compensation: provides income and medical benefits to victims of work related accidents or illnesses (or to dependants) regardless of fault, employers pay full cost of system worker compensation board pays the claims (and collects them) Include: payment for medical treatment and rehabilitation, and income benefits during the time in which the worker is unable to work: survival benefits also available. Vacation & holidays: minimum amount of paid vacation that must be provided to employees, varys by jurisdiction and from employer to employer, paid holidays vary in jurisdictions. If do not come back on expected date may be terminated.
