Management and Organizational Studies 3342A/B Chapter Notes - Chapter 9: Canada Pension Plan, Pension, Employee Benefits
25 Apr 2013
School
Department
Professor
Document Summary
Chapter 9 employee benefits: a first class benefits plan includes some mix of: education reimbursement and employee training, on-site childcare services, financial counseling, concierge services, retirement benefits and no- cost benefits such as casual dress. Govt mandates benefits workers compensation (provincial), employment insurance (federal) and. Most other benefits are affected by laws such as pension benefits acts and human rights acts. Removal of mandatory retirement at age 65 caused the need to revise benefits plans for these ppl: unions. Fought for the intro of new benefits and the improvement of existing ones: employer impetus. Rest breaks were implemented in belief that fatigue increased accidents. Many employer-initiated benefits were designed to create a climate in which employees perceived that management was generally concerned for their wellness: cost effectiveness of benefits. Most employee benefits are not taxable avoids payment of personal income tax. Many group-based benefits can be obtained at a lower rate than individual employees.
