Employee benefit choices and cost controls

Related BrainMass Solutions

• What are some limitations of the internal controls?

  The first and foremost rule for internal control is that the benefit must outweigh the cost. If the company does not have the resources to implement needed internal controls, it becomes a limitation, and works against the company.

• Differentiate between a defined contribution pension plan an

  Defined benefit plans also often include cost of living adjustments, health benefits, and death benefits.

• Automated Payroll or Regular Auditing of Payroll

  Although implementing additional controls comes at a cost to the organization, the benefit almost always outweighs the cost.

• Employees Benefit communication; administration, cost controls

  Employees benefit communication, administration and cost controls are examined.

• Compensation and Benefit Cost

  Different choices to control the benefit costs can be the cost shifting and the benefits reduction. But both the choices can create dissatisfaction among employees.

• Employers Controlling Benefit Costs

  How a business can control its health insurance benefit costs while using the benefit package as a recruitment and retention tool. 3. Give practical examples and bring in real-life business examples.

• What is the most important role of Human Resources

  Included in the cost category is total pay packages, safety plans, and benefit choices. In addition, the goal of improving the hiring practices and screening policies is crucial to cost reductions.

• Strategic Management Topics Relating to Wal-Mart

  For the strategic choice of being a low cost provider, Wal-Mart chooses to implement HR controls aimed at hiring employees at least wage rate.

• advantages and disadvantages of a cafeteria plan

  In case the employee has a change in family status during the year (for example, marries or has a baby), he may have the option of changing his benefit choices to reflect the change in family needs.