Define the types of benefits required by law. How can organizations minimize the cost of these benefits while complying with the relevant laws?© BrainMass Inc. brainmass.com June 4, 2020, 2:16 am ad1c9bdddf
The main benefits that are required by law include forms of social insurance that protect workers from financial hardships that would be caused from a job loss, like worker's compensation, and federal and state unemployment. Also, companies must typically provide various forms of maternity leave and sick leave, time when the company reaches a certain number of employees, as required by law. Many companies also participate in various programs that give the employees additional benefits, like life insurance, a choice of various retirement programs, medical insurance choices, and ...
Define the types of benefits required by law. How can organizations minimize the cost of these benefits while complying with the relevant laws?