Employers pay about how much of the total wage and benefit compensation for health benefits, reducing...

Employers pay about how much of the total wage and benefit compensation for health benefits, reducing the amount that can be paid out as wages?

Expert Solution

Rahul Sunny answered 1 year ago

Compensation is the total of an employee’s pay and benefits. It is a major reason for...

Compensation is the total of an employee’s pay and benefits. It is a major reason for job satisfaction and affects attracting and retaining employees. Compensation costs are frequently the largest part of total production costs at today’s firms. Because this is the case, companies must have a strategic plan for managing employee compensations Using compensation, incentive, and benefits, answer the following questions to decide on the specific aspects of your employee compensation system: When, how, and why do these employees...

Why do employers provide employee benefits, rather thanproviding all compensation in the form of pay...

Why do employers provide employee benefits, rather than providing all compensation in the form of pay and letting employees buy the services they want? What are some advantages of offering a generous package of insurance benefits? What are some drawbacks of generous insurance benefits?

Reducing payroll tax benefits workers and employers equally.

True or False? Draw a graph (such as supply and demand diagrams) to support your answer: Reducing payroll tax benefits workers and employers equally.

Human resource Mangament, benefits and compensation: Merit / Performance Pay Basic Life Insurance Benefit Voucher for...

Human resource Mangament, benefits and compensation: Merit / Performance Pay Basic Life Insurance Benefit Voucher for Gym Membership, Company Cafeteria and/or Child Care Benefit Voucher for Tuition Reimbursement / Professional Development Dental Insurance Federal Unemployment Flexible Spending Account Health Insurance Incentive Pay for Extra Duties Long Term Disability Medicare Paid Time Off (4 weeks or 20 days) Retirement – 401k Salary Short Term Disability Social Security State Unemployment Vision Insurance Worker’s Compensation Based upon the information above, place each item...

How do insurance plans offered by employers benefit employees even when employers do not pay any...

How do insurance plans offered by employers benefit employees even when employers do not pay any of the costs? A. Companies that do not contribute to insurance costs must offer special benefits instead. B. Employers, though they appear to have no costs, make some indirect legal contribution. C. Employees are offered insurance plans at lower rates through group programs. D. The amount paid by employees are tax-free only when employers make no contribution.

What does the PBGC do? How much do employers pay annually?

How will employers respond to an increase in the minimum wage? a.They complain about paying the...

How will employers respond to an increase in the minimum wage? a.They complain about paying the higher wages, but do not change the number of workers they employ. b.They expand the training opportunities offered to low-skill workers. c.They reduce their labor force and/or hire more experienced, skilled workers. d.The profits of the employers are transferred to the employees.

Provide a discussion of how you think the minimum wage law benefits or does not benefit...

Provide a discussion of how you think the minimum wage law benefits or does not benefit the lowest skilled workers in America.

Some employers pay their workers with a hybrid compensation program which is composed of a flat...

Some employers pay their workers with a hybrid compensation program which is composed of a flat salary plus incentive pay. For example, a pharmaceutical sales associate may be paid a base salary of $2,000 per month plus a 10% commission on their sales. The compensation scheme can be altered by offering more incentive for the workers (e.g., a lower base salary and a higher commission) or more safety and fairness for workers (e.g., a higher base salary and a lower...

If non-monetary benefits that are costless to employers are offered workers, what will happen to the money wage and the full wage

If non-monetary benefits that are costless to employers are offered workers, what will happen to the money wage and the full wage (the money wage plus the money equivalent of the nonmonetary benefit)?the equilibrium money wage rate will rise, but the "full wage" will fall.the equilibrium money wage rate will fall, but the "full wage" will rise.both the equilibrium money wage rate and the "full wage" will rise.both the equilibrium money wage rate and the "full wage" will fall.

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