Cebs gba 1 stuvia 2024 - Study guides, Class notes & Summaries

Broad view of Employee Benefits - ANSWERThis view sees employee benefits as virtually any form of compensation other than direct wages. Components of the Broad view of Employee Benefits - ANSWER1. Employer's share of legally required payments (Social Security and Medicare, unemployment insurance, and worker's compensation benefits) 2. Payments for time not worked (e.g. paid rest periods, paid sick leave, paid vacations, holidays, parental leave, etc). 3. Employer's share of medica...

Broad View of Employee Benefits - ANSWERAny form of compensation other than direct wages Narrow View of Employee Benefits - ANSWERAny type of plan sponsored or initiated, unilaterally or jointly, by employers and employees engaged in providing benefits that result from the employment relationship Categories of Benefits under the Broad View - ANSWER(a) Legally required benefits. (b) Payments for time not worked. (c) Employer's share of medical benefits. (d) Employer's share of reti...