NEW JERSEY INSTITUTE OF TECHNOLOGY
SCHOOL OF INDUSTRIAL MANAGEMENT
HRM 303 Human Resource Management
Dr. Naomi Rotter
Session 19: Benefits
Objectives
1. To recognize the importance of indirect compensation
2. To understand factors which influence indirect compensation
3. To becomes familiar with major types of employee benefits
4. To recognize the cost of indirect compensation and possible ways to contain costs
5. To understand issues in the administration of benefits
I. Strategic consideration
A. Fit with goals
B. Planning
C. Management
II. External & internal influences on benefits
A. External influences
B. Internal influences
III. Benefits
A. Pay for time not worked
B. Security plans
C. Health benefits
D. Employee services
IV. Benefits administration
A. EEO
B. Costing benefits
C. Cafeteria plans
D. Communicating benefits
E. Regulations