Compensation and Benefit Systems: differences between legally required benefits, and discretionary benefits

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Compensation and Benefit Systems: differences between legally required benefits, and discretionary benefits

INSTRUCTIONS:

Read ch. 10,11,&12 Discuss the differences between legally required benefits, and discretionary benefits. Include in your discussion the impact of Employer-Sponsored retirement and healthcare plans. The book “Strategic Compensation- a Human Resource Management Approach” 5th edition By. Joseph Martocchio

CONTENT:

Name: University: Course: Tutor: Date: Compensation and Benefit Systems Differences between legally required benefits, and discretionary benefits Due to the competition that has been in there, the organizations are interested in making sure that they have motivated their employees through offering compensations to increase the company`s productivity (Martocchio, pg 54). Therefore, there are two types of compensations benefit offered. First, there are discretional benefits and the other one is legally required benefit. Legally required benefits are program that are e...

Compensation and Benefit Systems: differences betw