HR Benefits Package-This paper is a hypothetical benefits package for an assignment in Human Resource Management.

Benefits Package The SMC Comp all has traditionally only deliverd government mandated benefits. The phoner has firm that in order to attract and retain commensurate employees that the moldiness begin to deliver the goods additional employee benefit excogitations. wellness & welfare Plans The SMC Company understands the importance of having a honorable work force. The kind-hearted Resources Department recommends that the company begin to offer a health check Insurance Plan to its employees. The company subscribe out fund the entireness make up of the employees reportage and impart offer employees to enroll their dependants, publication to the provisions of the insurer, with the replete(p) premium cost of dependent coverage funded by the employee. The coverage for employees will become effective upon finish of 3 months of employment. The plan bearing is currently being constructed and the cost of the plan design will be in consent the allowable yearl y capital expenditures budgeted. The SMC Company will come through Employee aliveness insurance in the amount of 2 propagation the annual base salary of employees. The SMC Company will let long-run Disability insurance that will provide 66 2/3 of base contain upon employees satisfying the balk requirements as set forth be the insurer. The SMC Company will provide a division 125 Plan to allow employees to pay any portion of Medical premiums on a pre-tax basis.

The Section 125 Plan will also provide compromising spending accounts for out of pocket medical and child manage expenses. Pension Plan The SMC Company will implement a 401(k) and Profit ! communion Plan. The company will match up to 3% of any employee contribution not to exceed mandated limits. In addition to the interconnected contribution, and upon the discretion and approval of the CEO, the company will contribute an additional contribution based upon pre-stated performance goals and remuneration gained by the company. Executive Benefits The company... If you indispensability to get a teeming essay, order it on our website: OrderCustomPaper.com

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