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Explain the different kinds of employee benefit plans

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1. Identify employee benefit plans:  Research, identify and describe a typical employee benefits plan for a small business. (This would involve interviewing a small business owner/HR manager and/or searching the library/internet for appropriate information.)

  • Describe the various types of employee benefit plans typically offered by small businesses. What issues do you find with different types of plans?
  • Describe what plans you would need to start or run a small business you would like to work for.
  • Explain why you would choose each type of plan, whether each plan is needed to start the business or might be added at later stages.
  • Describe the company's likely financial and managerial responsibilities involved with each type of plan you would recommend.

Describe the potential costs and reporting requirements of each type of plan you would recommend the company offer.

Reference no: EM13475530

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