Matakuliah: J0124/Manajemen Sumber Daya Manusia

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MODUL 13

• Matakuliah J0124/Manajemen Sumber Daya Manusia
• Tahun 2005
• Versi revisi

Employee Benefits
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Learning Outcomes

• After studying this chapter, the students should
  be able to
• define employee benefits
• Explain the concept of a flexible-benefit
• plan
• Compare the types of employee benefits

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Outline

• The definition of employee benefit
• Legally Required Benefit
• - Social Security
• - Unemployment Compensation
• - Workers Compensation
• Retirement-related Benefits
• - Define-benefit Plan
• - Define-contribution Plan
• - Preretirement Planning

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Outline(2)

• Insurance-related Benefits
• - Health Insurance
• - Dental Insurance
• - Life Insurance
• - Accident Disability Insurance
• Payment for Time Not Worked
• Other Benefit
• Flexible-Benefit Plans

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What are Employee Benefits ?

• ?its rewards that employees receive for being
  members of the orgz. for their positions in the
  orgz.
• The purposes
• Reducing employees fatigue
• To fulfill employees needs
• Reducing employees turnover

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• In general, benefits can be grouped into 5 major
  categories
• legally required
• retirement related
• insurance related
• payment for time not worked
• other

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Legally Required Benefits

• Social security
• Unemployment compensation
• Workers compensation

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Retirement Related Benefits

• Defined-benefit plan
• Defined-contribution plan
• Early retirement
• Preretirement planning

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Insurance benefits

• Health insurance
• Dental insurance
• Life insurance
• Accident Disability Insurance

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Payment for Time not Worked

• Paid Holidays and Vacations
• Rest periods
• Lunch breaks
• Sick leave
• Jury duty
• Funerals

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Other Benefits

• Food Services
• Exercise Facilities
• Health First-aid Services
• Financial Legal Advice
• Counseling Service
• Educational Recreational Programs
• Day Care Services

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Flexible-Benefit Plans

• The idea is to allow employees to select benefits
  most appropriate to their individual needs
  lifestyles.
• The problems with Flexible Plans
• it requires more effort to administer
• employees may not choose those benefits

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Communicating the Benefit Package

• Most employees do not understand the benefit
  programs
• Thats why the company needs to communicate the
  benefit package

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Closing

• Define employee benefits
• Explain the concept of Flexible-Benefit Plans
• Explain the problems with Flexible-Benefit Plan
• Why should communicate the Benefit Package