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Let’s glimpse at some of the factors that act as determinants while devising a perks program- The organizational structure. The number shows the critical importance of healthcare in an employee's life. This type of insurance cover helps an employee pay for medical expenses.
These benefits are regulated by the state laws and these usually include: Unemployment Insurance . Family and MedicalLeave . Disability Insurance . There are also other workplace benefits such as health insurance, paidvacation, lifeinsurance, and retirement benefits.
Bureau of Labor Statistics, 33 percent of private industry workers have 15 to 19 days of paidvacation days after 10 years at the company. That may seem good if you want to go on a summer vacation, but it likely won’t cover a serious illness or injury. The FMLA doesn’t guarantee paidleave.
Despite the emergence of the healthcare marketplace, people still look to their employer as the first and most cost-effective choice for medicalinsurance. According to the Affordable Care Act (ACA), U.S. companies with 50 or more full-time employees must provide health insurance.
Given that HR managers are responsible for coordinating employees’ pay, they should all be familiar with the Fair Labor Standards Act (FLSA), which is the main statute outlining the following: National minimum wage. Under this act, employees are entitled to: 12 weeks of leave within a 12-month period in an eligible circumstance (i.e.
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