HRM200 Chapter 13: Chapter 13

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: Katrina Di Gravio

Document Summary

Indirect payments to employees that"s a part of total compensation and used to attract talent. Include life insurance, vacation, pension, discounts, and education plans. 1: employment insurance: federal program with income benefits, happens for a period and only if eligible (see. 2: severance pay: not applicable to termination/short term contracts and amount varies with: pay in lieu of reasonable notice, ontario/federal jurisdictions, and mass layoffs. 3: leave of absence: unpaid time off with a guarantee the job with be there upon return (parental/bereavement) 4: pension plan: provides basic security on contributions for retirement and can be: retirement income, survivor benefits, and disability benefits. 5: workers" compensation: income/medical benefits for work accident victims, funded by employers and compensation boards. 6: paid vacations/breaks: minimum days provided, minimum 5 days holidays, and 30min/5 hour break. 1: life insurance: lower rates for all employees with: accidental death, dismemberment, critical illness coverage.