Premium Essay

Benefits Program

In:

Submitted By Nathan1978
Words 1505
Pages 7
Benefits Program
A benefit plan that includes the following benefits is personally appealing to me:
1. Health (other than dental or vision)
2. Life insurance
3. Dental
4. Vision
5. Temporary disability (accident and sickness)
6. Long-term disability
7. Code Section 125 (premium conversion, FSAs, cafeteria plans)
8. Dependent care (either through a facility or by reimbursement)
9. Supplemental unemployment
10. Prepaid legal
11. Severance pay
12. Apprenticeships and training
13. Scholarship (funded)
14. Death benefits other than life insurance
15. Educational assistance programs
16. Group legal services plan
In addition to common benefits like vacation pay, holiday pay or overtime premium pay. I work in the public sector so comparing the public sector-versus-private sector taking into consideration the compensation cost of lifetime compensation public-versus-private sector pay and benefits. When total compensation is based on years worked the divide between the public and private sectors increases significantly. While preretirement compensation levels were comparable between the two sectors the retirement benefits of public sector employees are far greater than their private sector counterparts.

These postemployment benefits earned over a lifetime led to the higher total compensation for the public employee. Part of the reason total lifetime compensation is more for the public employees (both with and without social security benefits) when compared with their private sector counterparts is twofold: Public employees are able to retire on average 5 years earlier than their private sector counterparts; and there were more generous retirement payouts in the public sector. In addition, the retirement benefits of public sector employees significantly outpace benefits received for their private sector counterparts. Increased benefits for the public

Similar Documents

Premium Essay

12 Ways to Optimize Your Employee Benefits Program

...12 Ways to Optimize Your Employee Benefits Program: Low-cost employee incentives, recognition programs and employee rewards Sign up for Business Management Daily's e-letter for Leaders & Managers now and receive aFREE copy of 12 Ways to Optimize Your Employee Benefits Program... Sign up for Business Management Daily's Leaders & Managers e-letter now and receive aFREE copy of 12 Ways to Optimize Your Employee Benefits Program with advice on: * Low-cost employee incentives * Meaningful employee recognition programs * Inspiring employee rewards * And much more... ------------------------------------------------- Top of Form   We value your privacy. Bottom of Form   If you’ve had to cut pay and staff and now expect more from those who remained, it’s vital to revamp your employee recognition and rewards program. Employers can double their rewards and recognition efforts in innovative, cost-efficient ways. Examples: employee-of-the-month awards, employee incentive pay, employee appreciation luncheons, more time off, shopping sprees, wellness incentive contests, plus employee rewards customized to motivate Millennials, Gen Xers, Baby Boomers and the Matures. Now is the time to get clever with your employee recognition programs. This special report, 12 Ways to Optimize Your Employee Benefits Program: Low-cost employee incentives, recognition programs and rewards, will show you how. Discover low-cost, inspiring ways—many of them suggested by Business Management...

Words: 2418 - Pages: 10

Premium Essay

Cost Benefits Analysis of Employee Trng. Program

...Cost/Benefit analysis of Employee Training programs University of Phoenix HRM/531 Training is a process that can provide significant value and rewards that far outweigh its financial costs. The effects of training touches the lives of employees from the first day of a new job through retirement The purpose of this paper is to show how employee training benefits not only the organization but also the environment as well. The reader will be introduced to an oil distribution company undergoing costly problems because of poorly trained employees. These problems have resulted in repeated environmental violations. An analysis of the company was conducted to weigh the cost/benefits of incorporating an effective employee-training program to address the problem. The outcome of the analysis will determine whether the training is financially feasible, or if another project should be pursued. In addition, the effect of management behavior on productivity, the definition and use of behavior costing, effects of high performance work policies on business financial performanceas that relate to the company; along with recommendations based on researched data gathered will be given in this paper. Training is defined as an activity leading to skilled behavior. Employee training involves a set of planned activities that organization will have their employees complete in order to increase their job knowledge, skills, and abilities. In practice, training gets employees accustomed...

Words: 2346 - Pages: 10

Free Essay

Veterans Benefits Administrations Hortizontal Expansion – Education Program

...Background Veterans Benefits Administration (VBA) is one of the three major organizations that make up the Department of Veterans Affairs (DVA). The organization was formed on July 21, 1930 and is responsible for administrating financial and other supportive assistance to veterans and their dependents and survivors. (U.S Department of Vereans Affairs, 2012) The VBA started off handling non-medical financial assistance such as compensation and benefits, loan guaranty, and life insurance. Back in 1944, the VBA expanded by taking on the education program where veterans are given the opportunity to attend classes and pursue a higher education. With the large amount of veterans discharged from the Iraq starting December 2011 (Cutler, 2011) , the demand to process benefit claims are rapidly increasing and their move for horizontal expansion might be more than they can handle. Education program After the Vietnam War, the DVA proposed a new program to help veterans and their education with the education program. The idea is promising because the benefits included financial assistance with tuition, housing, and textbooks. Realistically, the program had encountered a major issue with the new education program. With the rapid increase of veterans in the past decade, the claims processed could be too much for the VBA to handle. Early in September 2009, the DVA failed to send out “about 227,000 scheduled college checks for those qualifying for the GI Bill education benefits.” (Katel, 2010)...

Words: 731 - Pages: 3

Premium Essay

College Bound Program Benefits

...If I am selected, I will commit to all four years of the College Bound Program because there are many benefits this program can offer me. Although I do understand there is a huge amount of workload in NJ LEEP, the positives outweigh the negatives. By learning the skills early and developing healthy habits, it will help me prepare for the future. Ultimately, the College Bound Program is teaching me how to juggle all my responsibilities. If I learn how to do this currently, I would not be struggling in the future years regarding time management. Also, NJ LEEP will help me get into the top colleges in the nation and prepare me for the “real” world. In addition, the program will allow me to succeed and surpass my friends. All my life, I always...

Words: 304 - Pages: 2

Premium Essay

Hr Policies, Benefits and Programs

...Over time, the multi-generational workforce will influence the organizational work ethic, perceptions
of organizational hierarchy, work relationships and ways of managing change. The literature suggests that as a result of differing experiences and perspectives, strongly held attitudes and diverse motivators, there will be an impact on two specific areas of human resource policy and employee development: retention and motivation. To successfully retain and leverage talent of all generations, the following studies represent the growing foundation of evidence to make changes in company culture, HR policies, benefits and programs. No matter which generation, the work environment tends to either attract or repel individuals. An exploratory study examined dimensions of employee fit with work environments and the impact of employee job satisfaction and turnover intention among different generations. The findings suggest that employees in the Baby Boom generation value work relationships as a contributor to employee satisfaction, whereas
for Generations X and Y, the work environment fit (potential for career growth, decision-making opportunities, autonomy and job challenge)
is a primary retention factor. Work/life balance is a key commonality among the four generations. A recent study that explored generational effects on work-family conflict in the United States suggests that changes reflect family and career stage differences. For example, “family interfering with work” has...

Words: 479 - Pages: 2

Premium Essay

Benefits Of Raising The GDL Program

...Do we need to raise the driving age or should we have the GDL program? The GDL Program would save teen lives because they are gradually learning how to drive the proper way. Raising the driving age wouldn’t help at all. Study shows that most teen accidents are caused by inexperience, not age. Raising the age would just change the age that teens are getting into accidents. The GDL Program actually works. I’ve seen it happen. It is a step-by-step process that teaches you how to drive gradually. For example, a little bit into the program, you can only drive certain daylight hours. As they gain experience, more privileges they can have. You have to drive with an adult. From state to state, the restrictions and rules vary. Teens need time to...

Words: 281 - Pages: 2

Free Essay

Do College Athletic Programs Benefit Their Education?

...Athletics Program I think college athletics programs do benefit their educational institutions. You can get scholarships; it helps you boost your confidence. Scholarships are a big deal to some students! Many students cannot go to college without an athletics scholarship. Over 125,000 student athletes are on full or partial athletic scholarships. Being in athletics gives you an opportunity to be awarded significant amount of money. An average athlete salary is around 400,000-1,800,000. Some schools have lots and lots of money because of their athletic program. One way that an athlete can keep their GPA range up is by being in athletics. They can get their dorm and books earlier other than other students, so you will not have to be in a rush whenever school starts. Athletics helps the athletes boost self of steam and increase their confidence in themselves. Sports gain a valuable lesson in life. Athletes set goals and they try to reach them no matter how hard it is. Their coaches motivate the athletes to do their best on the field or on the court. They are dedicated to their sport and never give up. They learn about teamwork and they win as a team and lose as a team. An athlete’s confidence before athletics is low and after a few years in athletics, their confidence has increased a lot. Some people say that it is not fair that the athletes do not have to do a lot of homework. Well they do not know what they have to do, they have to focus...

Words: 273 - Pages: 2

Free Essay

Welfare Reform

...The Welfare Reform Act was signed into law by President Bill Clinton on August22; 1996. Other government assisted programs with different guidelines were replaced by The Welfare Reform Act. The eligibility guidelines for The Welfare Reform Act were somewhat stricter than other government assisted programs that made it more difficult for some individuals to qualify. A reduction in welfare fraud has been achieved through The Welfare Reform Act that is due to the responsibility the individual on welfare must exhibit. The individual enrolled in a government program has the responsibility to inform the government or state agency of any household changes such as household size or a reduction or increase in income. These household changes must be reported to the agency as soon as they occur. This requirement increases the amount of responsibility required of the program participant; if these changes are not reported as soon as they are known, the individual may lose his or her benefits. A cap was placed on the length of time an individual may receive benefits on the program as well as the amount of cash assistance he or she is allowed to receive (Ku & Coughlin, 2010). The Welfare Reform Act also places great emphasis on the importance of individuals enrolled in a government or state assistance program involvement in job activities. It is a requirement that the individual actively seek gainful employment or participate in job training. An individual has a right to...

Words: 750 - Pages: 3

Premium Essay

Nectar Case Solution

...1. Is there any evidence that the program pays out for Sainsbury? Elaborate. Sainsbury’s had been losing market share until partnering with Nectar and then became U.K.’s second largest supermarket chain after the first year of using the program. They also discovered weekly spending was 40% greater among people collecting points from several sponsors than only from Sainsbury’s. A study suggested that Sainsbury’s gained market share from non-Nectar retailers through gasoline sales due to the competition between BP and Sainsbury’s with Nectar. Sainsbury’s benefited from the Nectar program by: · Increasing the frequency of customer’s visits and spending more per transaction · Acquiring new customers · Retaining current customers · Up-selling to customers to buy higher margin products While Sainsbury’s was the dominant sponsor, there had been a steady decrease in its importance. In the launch month, four out of five collectors earned points from Sainsbury’s alone. Within six months, half had earned points from a second sponsor and at the anniversary 30% earned from one, 60% from two and 10% from three sponsors. Spending at Sainsbury’s was greater among collectors earning points from multiple sources than from Sainsbury’s alone. Weekly spending at Sainsbury’s was 40% greater when people collected from them and two other sponsors than from Sainsbury’s alone. It also became apparent that collectors who earned points from multiple sponsors...

Words: 642 - Pages: 3

Free Essay

It 215 Complete Class

...COMPLETE CLASS IT 215 Week 1 CheckPoint: Text Printing Program IT 215 Week 1 DQ 1 IT 215 Week 1 DQ 2 IT 215 Week 2 CheckPoint: Payroll Program Part 1 IT 215 Week 2 CheckPoint: Benefits of Programming Knowledge IT 215 Week 3 CheckPoint: Payroll Program Part 2 IT 215 Week 3 DQ 1 IT 215 Week 3 DQ 2 IT 215 Week 4 CheckPoint: Methods with Multiple Parameters IT 215 Week 4 Assignment: Payroll Program Part 3 IT 215 Week 5 CheckPoint: Inventory Program Part 1 IT 215 Week 5 DQ 1 IT 215 Week 5 DQ 2 IT 215 Week 6 CheckPoint: Inventory Program Part 2 IT 215 Week 6 CheckPoint: Inventory Program Part 3 IT 215 Week 7 CheckPoint: Inventory Program Part 4 IT 215 Week 7 DQ 1 IT 215 Week 7 DQ 2 IT 215 Week 8 CheckPoint Inventory Program Part 5 IT 215 Week 8 CheckPoint: Functionality of Programs IT 215 Week 9 Capstone DQ IT 215 Week 9 Final Project: Inventory Program Part 6 Activity mode aims to provide quality study notes and tutorials to the students of IT 215 COMPLETE CLASS in order to ace their studies. IT 215 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/it-215-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM IT 215 COMPLETE CLASS IT 215 Week 1 CheckPoint: Text Printing Program IT 215 Week 1 DQ 1 IT 215 Week 1 DQ 2 IT 215 Week 2 CheckPoint: Payroll Program Part 1 IT 215 Week 2 CheckPoint: Benefits of Programming Knowledge IT 215 Week 3 CheckPoint: Payroll Program Part 2 IT 215 Week 3 DQ 1 IT 215 Week 3 DQ 2 IT 215...

Words: 445 - Pages: 2

Free Essay

Policy Elements

...The organization that I have chosen to write about throughout this course, I could not find any programs or organizations they sponsor. So for the purpose of this assignment I will just write about the Guardian ad Litem program itself. I could easily give an analysis of this organization based off the six policy elements. This organization is awesome and I would recommend checking it out. The missions, goals, and objectives are great for this organization. The mission statement is: “Advocating for the child’s best interest is the Program’s only purpose. These Program Standards are to be interpreted to support the mission”. (Guardian ad Litem, 2004) This organizations goals & objectives are simple for powerful. This organization is purely to help children in the courts system. They believe that a child should be loved and have safe environment no matter what. The forms of benefits and services delivered are coordinated with the courts. On this org’s website they provide a standard of operations and it explains everything, having to do with benefits and services. Entitlement rules are easy for this org; it is solely for the children in the court system that has no voice. This org speaks for them in the courts when no one else will. This organization has a set of standards they go by for these two policies. Guardian ad Litem depends on many for their funding. According to Guardian ad Litem (2004), “Federal, state and local government agencies, non-profit and faith-based organizations...

Words: 360 - Pages: 2

Free Essay

Eco203

... Another Manufactured Crisis: What’s Next in the Fiscal Showdown………1 Federal Pay……………………………………………………………….…..…..4 Federal Employees’ Health Benefits Program……………………………….15 Official Time for Federal Employee Union Representatives………….........22 Arbitrary Cuts in Civil Servants………………………………………………..26 Sourcing: Complying with the Law……………………………………….......31 Capping Taxpayer-Funded Service Contractor Compensation……………43 Transportation Security Administration and TSOs…………………………..46 Domestic Partnership Benefits……………………………..………………….49 Employment Non-Discrimination Act……………………………………..…..55 Paid Parental Leave………………………………………………..…………..57 One America, Many Voices Act………………………………………….…....60 Department of Veterans Affairs…………………………………..……………62 Department of Defense……………………………...……….………………...71 Federal Prisons………………………………………………………………….90 Social Security Administration ……………………………………….…...…103 National Guard/Reserve Technicians ………………………...……….……108 D.C. Workers’ Issues …………………...……………………………..…..…117 Equal Employment Opportunity Commission. ……………………..……...120 Another Manufactured Crisis: What’s Next in the Fiscal Showdown? Background At the beginning of January, President Obama signed a tax deal that restored higher Clinton-era rates to those making over $450,000, and funded an extension of unemployment insurance benefits to the long-term unemployed, extended for another year the $240 monthly transit subsidy, but did not extend the 2% payroll tax holiday. The deal...

Words: 54164 - Pages: 217

Free Essay

Dffaf

...47306-0155  Sponsored Programs are externally funded activities which fit within the mission Ball State University, and which are carried out under the direction of the faculty or staff members in fulfillment and furtherance of their various roles in the academic community. In the past decade, Ball State University has experienced growth in activities which are categorized as Sponsored Programs, with the potential for additional growth into the future. With growth comes the need for clarity in policies and procedures to be followed in the administration of these activities in order to meet University and sponsor requirements, and to provide the best possible support and service to all parties involved. It is important Sponsored Programs are identified as such and that each award is routed through the appropriate offices to assure that the acceptance and administration of these activities meet both University and sponsor requirements and that various technical, legal, and financial issues be properly addressed. I. ELEMENTS OF A SPONSORED PROGRAM Whether an external funding falls within the definition of a Sponsored Program is determined by the presence of most of the following elements: Commitment from an External Sponsor: A written commitment from the sponsor, which follows receipt and acceptance of a proposal, may take various forms such as a grant agreement, contract, purchase order, or a letter of award, depending on the type of Sponsored Program and sponsor policy. Restricted...

Words: 3214 - Pages: 13

Premium Essay

Evaluatin Rules

...are so important because they allow clients to receive benefits and services. Eligibility rules seek the resources that are available to the clients and ration them so that people can learn and benefit from resources. Sometimes when the eligibility rules are not correctly propositioned, people will not even the available resources. Decisions need to be made and whether a person qualifies for assistance falls between guidelines that are set into place for the greater good of the clients. The Substance Abuse Program is an important organization whose eligibility rules matter the most because the inmates have already been stripped of all of their rights. The main eligibility process for the Substance Abuse Program is through Judicial Decision. Because the Substance Abuse program is only offered to incarcerated inmates and this opportunity is handed down by a judicial ruling. Inmates may plead their case to the court, and in many instances they know that being accepted into the program means reduced sentencing. Instead of focusing on getting out of custody to return to the same habits, inmates should really appreciate the special program that they are limited to. Judicial decisions are important because each ruling is different. The Substance Abuse Program has been around through the correction facility for a while and there are certain things that are expected from the inmates being accepted into the program. The inmates must show they are willing to accept the...

Words: 1353 - Pages: 6

Free Essay

Channeling Students Into a Gifted Program

...Channeling students into a gifted program There is a four step protocol for channeling students into a gifted program. Those steps are; early intervention, identifying students, what the program offers, and what the students will experience. Let’s start with early intervention: Early intervention has the ability to enhance a child’s development, increase the child’s and families benefit to society and receive full support from the staff. Children who come across as gifted are given two tests to determine just how gifted they are. One of those test is based on their academics and the other is based on their creativity. This is way to determine if any intervention needs to put into motion and helps determine just how gifted they are. The second step is identifying just how the students qualify for the program. There is a series of steps that can help determine if a child is gifted. One is a child’s test scores, any child who can score above the 85 percentile can be a candidate for the gifted programs. A teacher nomination is one other way to qualify. Teachers are informed of all students who have received entrances through teacher nominations. Gifted students have to have the ability to excel in their studies, and must remain focused on their school work. The gifted programs can offer full support from their teachers, parental involvement in their education, lessons in self-motivation, grade level advancement, and excellent academic recommendations for future college course...

Words: 311 - Pages: 2