Benefits

What is Benefits? 

•  An advantage or profit gained from something.
• A prize you can earn at work.

How many different types of benefits are there?  

• 37
• 59
• 80
• 18

What is the most common benefit offered to employees? 

• Unpaid Family Leave, 
• Vacation Pay
• Holiday Pay
• Health / Medical Care

What is Unpaid Family Leave?

•  most employees are entitled to receive two weeks of vacation for each 12 months of employment, whether or not active. 
• is pay for hours of work in excess of the daily or weekly overtime standards, regardless of the day.
• the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in human.
• a United States federal law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

What is Retirement Annuity?

•  most employees are entitled to receive two weeks of vacation for each 12 months of employment, whether or not active. 
• An insurance product that pays out income, and can be used as part of a retirement strategy.
• a United States federal law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.
• the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in human.

Is life insurance a benefit?

• False
• True

Why are benefits important? 

• So you can have a fun time. 
• So employees and employers acknowledge the importance of salaries and health benefits to employee loyalty. 

What is the least benefit offered? 

• stock options
• unpaid family leave
• life insurance
• paid personal leave

What is employee compensation and benefits?

•  most employees are entitled to receive two weeks of vacation for each 12 months of employment, whether or not active. 
• The basic element of guaranteed pay is base salary which is paid on an hourly, daily, weekly, bi-weekly or monthly rate. 
• So employees and employers acknowledge the importance of salaries and health benefits to employee loyalty. 
• A prize you can earn at work.

What is the most important employee benefit? 

• Vacation Time
• Healthcare plan
• Pay Raise
• Employee Benefit