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What are the disadvantages of compensation
Employee vs employer rights
Employee vs employer rights
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Benefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidays off to enjoy with families, but they still did not receive pay for those off days, though. Today's society seems to have it made compared to those times; many companies offer education reimbursement, employee training, child-care services, and retirement benefits just to name a few (Gerhart, 2011, p. 415). According to PayScale, the most popular benefits in the manufacturing industry is 401(k) coming in at number one, paid holidays and vacation at number two, life insurance, paid sick leave, company pension plan, casual dress/atmosphere, and education and training reimbursement (PayScale, Inc., 2011). While many companies offer extra benefits to keep its employees motivated, there are still a few government mandated laws that are required to be given to the employee by the company. These benefits include social security, unemployment insurance, workers' compensation, family and medical leave, and COBRA (elinfonet.com, LLC, 2011). Workers' compensation deals with job related injuries and illnesses. This compensation benefit allows employees to receive cash benefits, rehabilitation, and medical care while he or she is not able to work (elinfonet.com, LLC, 2011, ¶ 2). According to the Social Security Act of 1935, employees that lose thei... ... middle of paper ... ...-No-Strategy-No-Solution-A8-Ackley1.pdf elinfonet.com, LLC. (2011). Human resource guidebook: Government mandated benefits. Retrieved October 25, 2011, from Employment Law Information Network: http://www.elinfonet.com/human-resources/Government-Mandated-Benefits/ Gary, S. (2011, April 12). Benefits perk up CEO pay packages. USA Today . Gerhart, B. M. (2011). Compensation (10th ed.). New York, NY: McGraw-Hill Companies. Overman, S. (1994). Selling your compensation plan. HR Magazine , n.d. PayScale, Inc. (2011, October 25). Most popular benefits - job: Manufacturing worker (United States). Retrieved October 25, 2011, from PayScale: http://blogs.payscale.com/compensation/2010/03/average-salary-of-jobs-in-manufacturing.html Utz., J. L. (2001). Family and medical leave act: The employee benefits implications. Journal of pension planning & compliance , 32 (4), 15-46.
COBRA was passed in 1986 and provides guidelines for continuous health coverage in case of sudden loss of a job or even death among other situations that cannot be avoided. Employees as well as employers have to participate in the program to make it effective. The employees are guided by the “Employee Benefits Security Administration” and the “Employee Retirement Income Security Act” to fill out forms of compliance. The law was designed to find temporary solutions for continued medical insurance so that the unemployed can still enjoy and access healthcare facilities despite the financial misfortunes that may render them unable to support themselves as well as their families as they find a permanent solution (Magill, 2009).
In response to the increasing need for employees to balance the demands of the workplace with the needs of families, Congress passed the Family and Medical Leave Act. Without a policy like FMLA in place, many employees often would have had to choose between “the job they need and the family they love” (Hayes). The Family and Medical Leave Act of 1993 is the first national law created to help Americans balance the demands of the workplace with the needs of the family. It successfully helps bridge the gap between family and work and secures the right for both men and women to get unpaid leave and assistance when dealing with family related circumstances.
There are very few improvements that were made during this time. The first on is that throughout the years the work day decreased, yet the daily wages had a bit of an increase (Doc 1). This change could have been made due to labor unions campaigning
Overall the Family and Medical Leave Act has raised many issues on whether leave should be encourage and/or paid for by the employers. As of today, no haven policy has been enacted to tackle the challenges surrounding this issue, but positive steps have been taken and one day there will be no question that hard working employees will get the rights they
The Family and Medical Leave Act of 1993 (FMLA) provides certain employees with up to 12 weeks of unpaid leave and job protection for childbirth, adoption or foster care; to care for a seriously ill child, spouse, or parent; or for an employee’s own serious illness (Cañas & Sondak, 2011). It also requires that their group health benefits remain intact during the unpaid leave of absence. The employee must have worked for the employer for at least a year and must have earned 1,250 hours of service during the previous 12 months ((Cañas & Sondak, 2011, pg. 70).
Employee health benefit plans flourished in the 1940’s and 1950’s. Unions bargained for better benefits, which included tax-free, employer-paid health insurance. When war hit between 1939 and 1945, government froze wages which led to an increase of group health care. Since employers were unable to attract employees with higher wages, employers decided to improve their benefits package by adding health care coverage. Gove...
While our economy is struggling to get back on its feet, the unemployment rate is declining but at a very slow rate. With so many people still without jobs, many Americans who previously had health insurance found themselves unable to pay for private insurance or COBRA. COBRA is a health insurance plan which allows an employee who leaves a company to continue to be covered under the company’s health plan, for a certain time period and under certain conditions. With COBRA insurance one is now required to pay the full price for health insurance, meaning one is now responsible for the portion the company used to pay as well as the previous rates. For most of those who are unemployed, that is an amount that is not affordable. When one or more family members are unemployed, as is the case...
The balancing act of family and work can be very difficult at times. At some point in everyone’s life, he or she will need to take time off of work to deal with family matters. The Family and Medical Leave Act (FMLA) of 1993 was created to help employees find a balance between the challenging demands of work and home. This Act allows eligible workers that require time off for personal reasons or family emergencies up to twelve weeks of unpaid leave.
Serxner, Gold, Anderson & Williams (2001). The impact of a worksite health promotion program on short-term disability usage. J Occup, Eviron Med, 43(1).
The Family Medical Leave Act (FMLA) was eight long years in the making. After many bitter debates between the Republicans and Democrats, Congress passed the Act on February 4, 1993. President Clinton signed the measure into law the following day. The Act became effective on August 5, 1993. The Act required employers with fifty or more employees within a seventy-five mile radius to offer eligible employees up to twelve weeks of unpaid leave during a twelve month period for a variety of medical reasons. Some of the general medical reasons are, for the birth or adoption, to care for a seriously ill parent, spouse or child or to undergo medical treatment for their own illness. The Act spelled out provisions on employer coverage; employee eligibility for the law's benefits; entitlement to leave, maintenance of health benefits during leave, and job restoration after leave; notice and certification of the need for FMLA leave; and protection for employees who request or take FMLA leave. (1) The law also requires employers to keep certain records. It was estimated that the Act would affect five percent of America's employers and forty percent of all employees. This paper will show the ethical standpoint on how employers handle FMLA. In addition, this paper will show the progress FMLA has made in five years, becoming more ethically correct.
Whether the government should impose a tax on employers to provide workers with benefits such as unemployment insurance or mandate employers to provide workers with benefits, which are normally benefits such as health insurance or workers compensation will ultimately depend on how much their employees value the benefit. Mandated benefits are those benefits that are protected by federal law. Firms are liable to make these benefits available to their employees and failure to do so will result in severe penalties. Payroll tax is relatively different from mandated benefits for the reason that payroll taxes are imposed on the wage of employees, which are either paid by the workers or the firm. When analyzing to see how successful a mandated
Many employees when looking for a job or deciding whether to stay with their current employment often considers the employee benefits the company offers.
WorldatWork. (2007). The WorldatWork handbook of compensation, benefits, & total rewards. Hoboken, NJ: John Wiley & Sons.
It is time we stop treating child care as a side issue or a women’s issue, and treat it like the priority that it is. Paternity leave is good for women's careers. “When childcare responsibilities fall exclusively on the mother, the effect is to reduce women’s wages. Time out of the labor force deprives women of experience and promotions. When men shoulder more of the childcare burden, the effect is lessened (“The Benefits of Paternity Leave”).” Paid family leave has become an important way to signal to employees that the company is invested in them. People feel their company is committed to them in the long term. Overall, paid family leave helps keep people in the workforce after they have children. “When more workers are able to take leave, they are more likely to choose to remain in the labor market. Paid parental leave is associated with higher employment in economies around the world (Covert)”.
Throughout a person’s life, there will come a period of time, when an employee will need to take a leave of absence. The Family and Medical Leave Act has helped many people balance their daily living situations with their work life. Many years ago people were unable to keep a career due to everyday life changes. It has taken a very long time to put this Act into place but it has help our countries people in so many ways. The Family and Medical Leave Act is a law providing help for hard working Americans to retain their careers throughout their challenging journey.