BU354 Lecture Notes - Pension, Sick Leave, Absenteeism
Document Summary
The strategic role of employee benefits employee benefits, indirect financial payments given to employee. They may include supplementary health and life insurance, vacation, pension, education plans, and discounts on company products, for instance. Benefits do matter to employees and that if they are aligned with business strategy, they can help to attract and retain the right people to achieve business objectives. Employment insurance employment insurance, is a federal program that provides income benefits if a person is unable to work through no fault of his or her own. It does not apply to workers who are self-employed. (55% of pay for 45 weeks) Canada/quebec pension plan, were introduced in 1966 to provide three types of benefits: retirement income, survivor of death benefits payable to the employee"s dependent regardless of age at time of death. And disability benefits payable to employees with disabilities and their dependents.
