Learning Objectives

13-1 Discuss the strategic value of benefits programs. PAGE 482

13-2 Identify the major reasons for the growth of benefits as a proportion of overall compensation. PAGE 483

13-3 Briefly discuss the major considerations in providing benefits programs. PAGE 485

13-4 Identify and summarize the major statutory benefits required by federal law. PAGE 486

13-5 Identify the main statutory requirements that must be followed if organizations choose to provide health care or retirement plans for their employees. PAGE 496

13-6 Briefly describe the main categories of voluntary benefits available to organizations. PAGE 500

13-7 Describe the differences between traditional health care plans, HMOs, PPOs, and HSA/MSA plans. PAGE 502

13-8 Discuss the difference between defined benefit and defined contribution retirement plans and the reasons for the shift from defined benefit to defined contribution plans. PAGE 506

13-9 Discuss the major retirement plan options. PAGE 507

13-10 Discuss the organization’s options when providing flexible benefit plans to employees. PAGE 511

13-11 Discuss the need for benefit plans to be communicated to employees. PAGE 514

13-12 Define the key terms found in the chapter margins and listed following the Chapter Summary. PAGE 519