There are several different types of financial compensation given to employees. Health and welfare benefits, reimbursements and employee services are one category of financial compensation that is a very high priority for many workers. This includes medical and dental insurance, pension plans, and disability programs. This is where employers spend over 14% of the total ...
If you have a business in Oklahoma and you have employees you generally must have workers’ compensation insurance coverage. Workers’ compensation insurance will provide your employees with medical treatment, rehabilitation, payment for time lost, and disability if they suffer a work-related injury or illness. In the case of accidental death, workers’ compensation provides benefits to ...
If you have a business in Illinois and you have employees you generally must have workers’ compensation insurance coverage. According to the Illinois Workers’ Compensation Commission, everyone hired, injured, or whose employment is located in Illinois must be covered. As an employer, you must have workers’ compensation coverage even if you have just one part-time ...
“Compensation is considered to be the combination of all pay, salary, benefits, bonuses, and any other type of reward an individual receives for their work and or services,” (Mondy, 2010, p. 268). A comprehensive and well-balanced compensation and benefits package has many different components. It should be tailored and designed to complement the specific needs ...
Karla News
Karla News
