Compensation and Benefits
For an American worker, most important benefit is health insurance. It is one of the necessity for each employee includes in worker's benefits package , bases on Affordable Care Act .Main objective of this Act is to intensify public and private insurance coverage for each employee.
Health and Welfare Benefits categorized into
• Health Maintenance Organizations (HMOs)
• Preferred Provider Organizations (PPOs)
• Point of Service (POS) Plans
• Exclusive Provider Organizations (EPOs)
• Physician Hospital Organizations (PHOs)
• Fee-for-Service (FFS) Plans
Other Health Benefits:
• Dental Insurance
• Vision Insurance
• Prescription Coverage
• Life Insurance
A work/life benefit manages conflict between work demands and family responsibilities to develop healthful balance for the many areas of their lives.
Vacation pay earned generally earned as employees to complete time on job require employees to work in specific period between 3 to 6 months.
Sick pay is provided for employees to use when they're ill or when they need to care for a sick child or other family member.
Holiday Pay provides paid time off for a variety of national holidays including New Year's Day, Presidents' Day, Martin Luther King's birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving, and Christmas.
Bereavement Leave Most companies allow employees time off with pay to attend funeral services for close relatives.
Parental Leave provides paid leave for parents of newborns or newly adopted children.
Employee Health Benefits