Outcome 1 – Benefits System

Students will analyze employee benefits strategies. Students will discuss three strategies that help organizations maintain a competitive position within industry. Include in the analysis the following benefits: disability, health, life, and retirement. Students will explain their analysis in a 6–8 page paper, double-spaced, with five (5) references, and utilizing APA writing conventions.

You may propose an alternative project of your own design that shows attainment of the corresponding course outcome. The mentor must approve the alternative project.

Explain the importance an internally consistent and market-competitive employee benefits and compensation system that includes the following components: regulatory, legal, discretionary, disability, health, life, and retirement.

Topics to explore:

Basic employee benefits
Employee benefit psychology
Economics of employee benefits
Traditional benefit plan structure
Flexible benefit plan structure

Outcome 1 – Explain the importance of an internally consistent and market-competitive employee benefits package

RECOMMENDED READINGS
(2018) Wages and Benefits. Retrieved from https://employment.findlaw.com/wages-and-benefits….
Kongstvedt, P. R. (2012). Essentials of managed health care (6th ed.). Sudbury, Massachusetts: Jones and Bartlett Publishers. (ISBN: 9781449653316
Journals: The HR Specialist: Compensation and Benefits The HR Specialist
Optional Text:Martocchio, J. J. (2017). Employee benefits (6th ed.). New York: McGraw Hill. (ISBN: 9781260083804)
RESEARCHING BENEFITS SYSTEMS (LIB2)
Employee benefit plans can include a variety of benefits that are designed to promote the well-being of a company’s employees. These are often regulated by the state or federal government but they can vary widely between companies. An important aspect of Human Resources (HR) is the development of these benefits and an understanding of the impact they have on the employees and employers.Once you enter the module, remember to use the table of contents on the left to navigate between pages. Go through this unit sequentially, or use the Contents button to view the sections in the order you want.For tips on researching employee benefits explore this module or Ask a Librarian for more advice.