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Terms in this set (207)
Broad view of Any form of compensation other than direct
employee benefits wages paid to employees
Narrow view of Any form of compensation other than
employee benefits direct wages that results from the
employment relationship that is not
underwritten or paid by the
government
Social Security, A legally mandated benefit paid by the
Medicare, employer that is excluded in the narrow view
unemployment
insurance, workers
compensation
Inland Steel A 1948 NLRB legal case that stipulated
, the duty to bargain in good faith over
wages; also included insurance and
fringe benefits such as pension
W.W. Cross & Co. v. A NLRB case that ruled that 'wages' in
National Labor good faith bargaining include health and
Relations Board accident plans
Taft-Hartley Act An alternative name for the Labor Management
Relations Act
Labor Management This act set the framework for good-faith
Relations Act collective bargaining over wages, hours,
working conditions, terms of
employment, and benefits
Categories of A stipulation of categories of individuals
persons covered that will be covered in a benefit plan.
by employee Categories can be based on
benefit plans employment status and dependent
status.
Non-contributory A benefit funding option where the employer
benefit plans pays all the cost
, Contributory benefit A benefit funding approach where the employer
plans and employees share the cost
A systematic method of analysis of an
Functional approach employer's benefit program that analyzes
the program's ability to meet participants'
needs, manage loss exposures, and fit
compensation and cost parameters
Total compensation A program that includes all types of
philosophy employer-offered compensation, long-
term incentives, and employee
benefits
Compensation/ A benefit philosophy that ties salary or pay
service-oriented levels of employees to their tenure
philosophy
Benefits/needs- A benefit philosophy where the employer
oriented approach focuses on the needs of the participants