CEBS GBA 1 Assignment 1 | Questions with 100% Correct Answers | Verified | Latest Update 2024
Broadview of employee benefits - any form of compensation other than dirext wages paid to employees. includes gov required benefits and private plans. employers share of soc security tax, paid vacation and pension plans. narrow view of employee benefits - any type of plan sponsored or initiated unilaterally or jointly by employers and employees engaged in provideng benefits that result from the employment relationship that are not underwritten or paid directly by the gov how many categories of benefits fall under the broad view of employee benefits? - 5 Name the 5 categories of benefits fall under the broad view of employee benefits - 1. legally required benefits 2. Payments for time not worked 3. employers share of medical and medically related benegits 4. employers share of retirement and savings plan payments 5. misc benefits like employee discounts, severance pay and education expenditures. why do firms have established employee benefit plans
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