Management and Organizational Studies 3342A/B Chapter 9: CHAPTER RECAP

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3342A/B
• Professor: Jody Merritt

Document Summary

Research has shown that benefits are positively correlated with job satisfaction meaning they make attracting, retaining and motivating employees a lot easier. Income tax act, human rights legislation, pension & benefits acts ect. Unions fight for the introduction of new benefits and improvement of existing benefits. Many of the benefits offered today were provided at employer initiative in response to employee satisfaction and productivity. Another impetus for the growth of employee benefits is their cost effectiveness in three situations. Many group based benefits can be obtained for cheaper than if they were individual. Benefit premiums and pension contributions are tax deductible up to limits specified in the income tax act. There are three ways to finance benefits plans: non-contributory (employer pays total cost, contributory (costs shared between employee and employer, employee financed (employee pays total cost for some benefits) Organization must spell out it benefit objectives and and ensure communications meet these objectives.