Employee Benefits

1
Employee Benefits
2
Categories of Benefits

• Universal benefits
• Statutory benefits
• Discretionary benefits for employee protection
• Pay for time not worked
• Employee services

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Types of Risks Protected Against

• Superannuation
• Untimely Death
• Disability
• Medical Expenses
• Unemployment

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Universal Benefits

• Benefits that government provides without
  requiring direct contributions from either
  employees or employers
• i.e. Old Age Security, Guaranteed Monthly Income
  Supplement (GIS), Provincial hospital and medical
  insurance plans (OHIP)

5
Statutory Benefits

• Must be provided by employer under federal a/o
  provincial laws
• i.e. CPP, WCB (WSIB), EI and health insurance
• n.b. health insurance raised through payroll tax

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Discretionary Benefits for Employee Protection

• Private pension plans
• group life, disability and supplementary health
  insurance

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Pension Plans

• Defined-Benefit Plans
• flat benefit based on service
• earnings related percentage
• flexible pension employer fixes base, employee
  contributes extra.
• Defined Contribution Plans
• money purchase, profit sharing
• Combination Plans

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Cost Issues

• Cost containment
• taxation of benefits
• cost shifting from the public to the private
  sector

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Benefits Communication

• Increasing complexity
• lack of resources to explain the benefits to
  employees

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Flexible Benefits

• Modular plans (bundles prepackaged for different
  subgroups)
• Core-plus-options plans
• Flexible spending accounts

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Challenges with Flexible Benefits

• Adverse selection
• Employees who make poor choices
• Administrative complexity

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Workplace Health and Safety
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Workers Comp - why?

• Medical care and income to victims
• no fault for quick relief
• encourage employer to invest and research safety

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Workers Comp Benefits

• Total disability benefits
• Impairment benefits
• survivor benefits
• medical expense benefits
• rehabilitation benefits

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Shared Responsibility

• Health and safety committees
• the right to refuse unsafe work

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Chronic Stress - Burnout

• Emotional and or physical exhaustion
• lowered job productivity
• automatized or machine-like performance of duties

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Variables Significantly Related to Burnout

• Organizational characteristics
• perception of organization
• perceptions of role
• individual characteristics
• outcome (satisfaction and turnover impact)

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Techniques for Reducing Burnout

• Identification - analyse incidence, prevalence
  and characteristics of burnout in organization
• prevention - change process before it begins
• mediation - slow/stop/reverse burnout
• remediation - for employee already exhibiting
  burnout, but who needs to be shown respect and
  ways to find help

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Programs to address Burnout

• Employee Assistance Plans
• Wellness programs

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Health Issues

• Workplace violence
• Cumulative Trauma Disorder
• Hazardous Materials (WHMIS)
• Substance Abuse and Testing
• Smoking
• AIDS

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Job Safety Analysis

• Sequence of Basic Job Steps
• Potential Hazards
• Recommended Action or Procedure

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