Benefits for Part Time Employees
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Employers have the right to decide what benefits to offer which employees other than those legally required. Some employers choose to provide benefits only to full-time employees, while some choose to include part-time employees in their benefit plans. Read the following article: http://abcnews.go.com/Business/companies-offering-health-care-benefitsperks-part-Time/story?id=14805107 . Summarize the benefits that each company provides to part-time employees. Discuss the pros and cons of offering such benefits to part-time employees. If you were responsible for making the decision of whether or not to provide benefits to part-time employees what would you do, and why?
The article is mainly focusing on cost to having healthcare benefits for part-time employees that increase the company's bottom line of operations. Thus, the objective in counteracting an alternative place of employment is the inclusion of healthcare benefits for part-time employees. The healthcare benefits options can entail offering a discount type plan - that offers a lesser financial burden to the company and more inclusion of employee's participation. For instance, the employee pays a percentage (20%) of the overall discounted provider charges from healthcare to dental benefits.
The inclusion of healthcare benefits offer a more attractive package deal with part-time employees than other companies due to the appearance of saving money / increase of keeping the take home pay of a hourly salary than an expense. Try and aim in structuring the summary as current business entails approach focuses on savings initially by holding back on the fringe benefits, while, the alternative is in a partnership of costs in healthcare benefits to provide a more attractive compensation package. For instance, the salary wage might reflect a minimum rate, however, the inclusion of some type of healthcare benefit or additional fringe benefit can serve to securing job position acceptance.
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This solution gives you a step-by-step explanation of benefits to part time employees. The response also contains the sources used.
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The first company considered is Wal-Mart. it currently paid certain health care benefits to part time employees in 2011. However, starting 2012 it had announced that it will no longer pay heath care benefits to new part time employees. The cost of health insurance is rising and the company can no longer afford it.
Target part time workers who work for two and a half days a week are eligible for health care coverage after six months. This means 100 percent coverage for recommended preventive care, no lifetime maximum limits, and on pre-existing conditions. In addition, the employees get free flu vaccinations, a 24 hour hotline and weight watchers discount.
Starbucks offers its part time employees who work for an average of twenty hours per week, competitive base pay, comprehensive health care, equity shares in the company, a 401(k) savings plan with employer match, tuition reimbursement, short term disability, paid vacation time, and product discounts.
Lands' End gives part time and seasonal employees dental, vision, and life insurance benefits options. These employees also get Lands' End and Sears's employee discount and get access to onsite fitness facility and back up child care. Those Seasonal employees who commit to returning the following peak season get extended benefits for the whole year.
Whole Foods employees who work ...
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