Reference no: EM13935338
Part A:
Using key search terms such as "employee benefits and perks", discover what employers are offering their employees in terms of innovative or unusual benefits.
Make a list of these. Try to assess their cost to the employer, and then describe the potential benefits of each perk. At the end of this analysis, decide if you think the benefit is worth the cost. Justify your answer.
Part B:
Compensation surveys indicate that a majority of employees are unable to accurately name the benefits they receive, and employees vastly underestimate the cost of benefits paid by their employers.
This exercise will help you more fully understand benefits. Working on an individual basis, obtain information on the benefits package offered by your employer, a friend's employer or an employer in your area.
Once the information is gathered, identify:
1. Each benefit offered
2. What the benefit provides the employee
3. Employee eligibility (if required)
4. How the benefit is paid for (employer, employee or a combination).
Primary legal constraints faced by companies
: The Fair Labor Standards (1938) and the Equal Pay Act (1963) which amends it are the primary legal constraints faced by companies in the determination of wages/salaries.
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