Human Resource Management Case Study

Employee benefits coordinator play a significant role in Human Resource Management. Employee Benefits coordinators are responsible for assisting with employee benefits, maintaining employee data base, managing all insurance billings and maintain employee files, sick pay, vacation and retirement. This study explores the importance of employee benefits to corporations, government agencies and non profit organizations. This paper also researches the effects on the management team and on individual employees’.
Case Study 2

When it comes to becoming a Benefits Coordinator there aren 't any formal education or certification qualifications. Many Benefits Coordinators learn their craft through on the job learning/training. Some employers require that

Benefits tend to give employees a sense of security. Health insurance is one of the major benefits that encourages employees to stay with an organization even in difficult situations. With health insurance companies attract and retain qualified employees. According to Optima Health (“Starting in 2015, employers with 50 or more full-time equivalent employees are required to offer affordable, minimum-value group health insurance. If they don’t, they may be assessed government penalties.” n.d.). There are other helpful health insurance benefits such as deducting 100 percent of their employees ' health insurance cost as a business expense. If the organization is incorporated the owner’s insurance cost is also deductible. But if it’s a small business with less than 25 employees, they may be able to receive a tax credit if they’re with a small group insurance. If there’s 50 or more employees the business is eligible for a larger group health insurance which offers lower rates. Also with employee health insurance employees have a bigger chance of being able to pay medical expenses. In addition to valuable benefit retirement saving plans are essential part of your future financial security. All employees are encouraged to save for retirement. Tax advantages are also accessible to business owners that offer retirement plans. All

As we all know Costco is a membership warehouse club, dedicated to bringing members the best possible prices on quality brand-name merchandise. "Great health and dental insurance plan, 401k, paid vacation, paid holidays and paid sick time for both part time and full time employees." In my opinion it doesn’t get any better than that! Employees regularly rave about their exceptional employee benefits. Unlike many companies Costco offers health insurance to part-time employees that work 23 or more hours per week. “There is a variety of health plans you can choose from and they are very affordable. The company 's contribution allows full and part time employees to participate in the program.” The majority of the employee based reviews in reference to Healthcare benefits are positive and this company was given a 4.67 stars on GlassDoor.com. “After 20 years you have 5 weeks off, 9 days’ sick time, and 7 paid holiday closures. You basically get 8 weeks off if you want to use it all. You can roll over 40 hours of vacation time and sick time is paid out every year on your anniversary.” A lot of employees are very vocal about how Costco has a generous leave policy and allows employees to take unpaid time off during the first quarter of the year if they don 't have enough vacation. However, receiving time off is problematic, particularly around holidays if you are stationed at a small