ADM 3337 Chapter Notes - Chapter 9: Absenteeism, Medical Certificate, Cpp Investment Board
Document Summary
Employee satisfaction with benefits is positively associated with job satisfaction. Positive relationship between employee benefits and the organizations ability to attract, retain, and motivate employees. Work/life benefits are positively related to attracting employees. Younger employees take increased interest in how they can build and protect finances. Employee benefits: part of the total compensation package, other than pay for time worked, provided to employees in whole or in part by employer payments, such as life insurance, pension plan, workers" compensation, and so on. Efforts to reduce benefit levels will reduce employee satisfaction. Government mandated employee benefits: workers compensation (provincial, employment insurance (federal, canada/quebec pension plan (federal and quebec, income tax act, human rights act, pension benefits act. Employee benefits are impacted by laws such as: Pension and benefits plans are being revised to permit continued accrual and benefits coverage for people over age 65.