Benefits Research Paper Example | Topics and Well Written Essays - 250 words

Benefits - Research Paper Exampletended sick and vacation days, medical plan, profit sharing, stock natural selection plans, pensions, IRA, 401k, maternity leave, paternity leave, wellness programs, flexible sequence, and telecommuting.A trend in the medical plans companies offer to its employees is increased costs. In 2013 medical costs in the coupled States are expected to increase by 5% (Mercer, 2012). Companies have to keep track of the medical profession since the government in the future might put on a universal health plan that would put the burden of the nations medical costs on the government, instead of the private industry. In the twenty-first century employees care a lot about having a work-life balance. A benefit that can help employees achieve that goal is flexible time. Flexible time is a work arrangement that gives the employees the ability to set their own hours during the workweek. Telecommuting is also a hot trend. Telecommuting involves having employees perfo rm work from their homes. Telecommuters communicate and upload work tasks by connecting to the companys information system using the internet. Some important factors to consider when designing a benefit plan are composition of labor force, size of workforce, and budget allocated for employee