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Training Job Aid Job Benefits Training Aid Essay

Training Job Aid Job Benefits Training Aid

Pay Plans

Required Benefits

Optional Benefits

EX1 -- Base Salary $20,000 per year

Bonuses

An Additional $800 per year of service

FMLA -- Family Medical Leave Act of 1993. Not Required by companies with under 50 employees.

Healthcare

Advantages -- Provides coverage to excessive medical conditions and financial loss from them.

Disadvantages -- Reduces the amount of the employee's paycheck

Base Salary

$25,000 per year

Bonuses

Additional bonuses for meeting quarterly sales goals as determined by company

Social Security Taxes - Social Security Act of 1935 provides benefits to employees in the case of retirement, disability, death, and survivor's benefits. These benefits are...

Reduces work-related stress.
Disadvantages -- Employee not eligible until they have been with the company for 1 year. Vacation does not accrue from year to year, based on anniversary date.

EX2 - Base Salary

$25,000 per year

Bonuses

An Additional $1,000 per year of service

Unemployment Insurance -- Under Social Security Act of 1935. Temporary income when the business cycle slows and produces hardship leading to lay-off within the company.

Holiday Pay

Advantages -- Employees get 8 recognized paid holidays. Allows employees the ability to spend quality time with families which aids in obtaining a proper work-life…

Sources used in this document:
References

HRCap. Inc. (2012). Benefit Required by Statute. Retrieved from http://hrcap.com/Images/v2/HRCap_Articles/appendix_secured/Appendix%2011.pdf

Thriving Small Business. (2012). 5 Employee Benefits Required by Law. Retrieved from http://thethrivingsmallbusiness.com/articles/employee-benefits/
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