Use two textbook companies today and give MANY examples of the companys' benefits listed below: Legally-Required...

Use two textbook companies today and give MANY examples of the companys' benefits listed below:

Legally-Required Benefits
Retirement-Related Benefits
Insurance-Related Benefits
other benefits

Solutions

Expert Solution

Legally required benefits
Legally required benefits signify the benefits which most employers should be paid to keep in accordance with the federal laws of the USA. These benefits are exempted from security taxes. Examples of legally required benefits are as follows:
• Unemployment insurance: Employees are eligible to claim unemployment insurance from the company if they are thrown out without any valid reason. Employees should apply it within 26 weeks
• Workers compensation insurance: It is financial assistance for injured workers. The organization is liable to compensate a worker if a worker gets injured or falls ill in the workplace.
• Family and medical leave: This opportunity allows employees to avail additional benefits for the family. The organization is bound to allow job-protected leave for employees for any medical purpose.
Retirement related benefits
It highlights the benefits a person can avail from his previous organization after retirement. Examples of retirement benefits are as follows:
• Pension benefits
• Health insurance benefits from a previous organization
• Availing tax-free lump-sum
• Getting support for dependants
Insurance-related benefits
Insurance is a legal agreement between the insurance company or an individual. Insurance offers benefits to individuals in case of any loss, damage or any contingency. Examples of insurance benefits are described below
• Healthcare support and Mediclaim for both individual and his family
• Education support through various easy loans
• Home insurance benefit via low-interest loans
Other benefits
Other types of benefits a company provides are as follows:
• Disability care benefit
• Employee assistance benefit
• Pet insurance benefits

keosha answered 2 years ago

Next > < Previous

Related Solutions

Many organizations today are involving lower-level employees in control. Give at least two examples of specific...

Many organizations today are involving lower-level employees in control. Give at least two examples of specific actions that a lower-level worker could do to help his or her organization better adapt to environmental change.

Please use the values in the resources listed below instead of the textbook values. Balance the...

Please use the values in the resources listed below instead of the textbook values. Balance the following in acidic solution. (Omit states-of-matter from your answer. Use the lowest possible whole number coefficients.) (a) Ti + Cr2O72− → Ti3+ + Cr3+ Oxidation reaction _________________ Reduction reaction _________________ Net reaction _________________ (b) H2O2 + Mo2+ → H2O + Mo4+ Oxidation reaction _________________ Reduction reaction _________________ Net reaction _________________ (c) Hg + SnO2 → Hg22+ + Sn2+ Oxidation reaction _________________ Reduction reaction _________________...

explain what is required of companies when it comes to three issues listed below. 1. sound...

explain what is required of companies when it comes to three issues listed below. 1. sound ethical culture, 2. effective governance structure? 3. effective internal controls.

Answer the questions listed below in detail. 1.What are the types of accounting changes? Give examples....

Answer the questions listed below in detail. 1.What are the types of accounting changes? Give examples. Try to find a company that has reported an accounting change recently. What are the major reasons why companies change accounting methods? The Wall Street Journal has several examples. 2. What are accounting errors and how are they reported? What are the disclosure requirements for correction of errors? See FASB codification as backup. 3. Define a change in estimate and provide an illustration. When...

Perform the exercises listed below: You must use the required formulas the same as the corresponding...

Perform the exercises listed below: You must use the required formulas the same as the corresponding tables: I. Problem Depreciation Original Cost $ 400,000 Estimated Useful life 5 years Salvage Value $ 0 Instructions A. Use the following Depreciation methods 1. Straight line 2. Double Declining Balance 3. Sum of the years 4. Modified accelerated Cost Recovery B. Calculate which Depreciation method will be more advantageous at the end of the first year, from the tax and payment point of...

Explain, with examples, two benefits companies might enjoy by engaging interactively with stakeholdersProvide a case example...

Explain, with examples, two benefits companies might enjoy by engaging interactively with stakeholdersProvide a case example (case support ) with your answer.

Briefly describe the mechanism of action for each drug category listed below. Also, give 2 examples...

Briefly describe the mechanism of action for each drug category listed below. Also, give 2 examples of medications in each category and a way to remember the medication. Example, the drug category of Beta-Blockers-"olol" a). Peripheral Vasodilators b). Nitrates c). Calcium Channel Blockers d). ACE Inhibitors e). Beta-blockers

Give examples of specific companies that you would logically think should use each of the following...

Give examples of specific companies that you would logically think should use each of the following inventory valuation methods (at least one company per method): -Specific identification -First-in, First-out (FIFO) -Last-in, First-out (LIFO) -Weighted average cost Now identify reasons that a company may not use the most obvious logical cost flow valuation method, hence, the reason these are considered cost flow assumptions.

For ALL problems, state hypotheses, in words and symbols and give me everything listed below. Use...

For ALL problems, state hypotheses, in words and symbols and give me everything listed below. Use SPSS when appropriate but DO NOT print out and turn in SPSS output. Instead, just read the critical information out of SPSS and report: obtained t-statistic, probability of obtaining that statistic under the null (p-value), decision to reject null or not, interpretation of results in words, and report measure of effect size if appropriate. I want to know if rats with an exercise wheel in...

1.Describe the cost per order system and mention two examples of companies that they use this...

1.Describe the cost per order system and mention two examples of companies that they use this system. 2. Describe the cost per process system and mention two examples of companies that they use this system. 3. Define what is the activity-based accounting system. Mention what they are the companies that benefit from using this system and why. 4. Mention the importance of the analysis of variances in the cost system standard. List and explain which are the variances that must...

Subjects