Chapter 13: Employee Benefits and Services Flashcards
1
Q
Employee Benefits
A
- Indirect financial payments given to employees
- may include supplementary health and life insurance, vacation, pension, education plans, and discounts on company products.
2
Q
List some Government-sponsored Benefits
A
- Employment Insurance (EI)
- Canada/Quebec pension plan (C/QPP)
- Worker’s Compensation
- Vacations and Holidays
- Leaves of Absence
- Pay on Termination of Employment.
3
Q
List some Voluntary employer-sponsored Benefits
A
- Life insurance
- Supplementary health care/ medical insurance
- Short-term disability and sick leave
- Long-term disability
- Additional leaves of absence/sabbaticals
- Retirement benefits
4
Q
List employee services
A
- Flexible work schedules
- Personal services
- Job related services
- Executive perquisites (perks)
