CEBS GBA 1 - Directing Benefits Programs Exam Questions & Answers | Already Passed
Broad view of Employee Benefits - This view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - 1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacations, holidays, parental leave, etc). 3. Employer's share of medical and medically related payments 4. Employer's share of retirement and savings plan payments. 5. Miscellaneous benefit payments (inducing employee discounts, severance pay, educational expenditures, and child care). Employer's Share of Legally Required Payments - Social Security, Medicare, Unemployment Insurance, & Workers Compensation Narrow View of Employee Benefits - Any type of plan sponsored or initiated unilaterally or jointly by employers and employees in providing benefits that stem from the employment relationship that are not underwritten or paid for directly by the government.
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