Truly appreciate the things your company does. It truly helps people with certain deadlines and a hectic life they have.
According to Doyle (2019), there are several employee benefits an employer must pay their employees. Federal and state law requires employers to provide the following benefits to their employees:
Ã‚Â· Social security and Medicare taxes are required to be paid to the federal government for each employee. The employee and employer each pay a percentage of the employeeÃ¢â‚¬â„¢s wages.
Ã‚Â· Consolidated Omni-Budget Reconciliation Act (COBRA) provides employees an opportunity to continue healthcare coverage for up to 18 months after they last day working for an employer. This requirement to provide COBRA to a former employee can be waived if the organization employs less than 20 individuals.
Ã‚Â· Workers compensation and Disability Insurance are intended to replace at least part of an employees pay while they are not able to work due to injury. Each state has its own requirements for workers compensation and disability insurance.
Ã‚Â· Family and medical leave under the Family and Medical Leave Act. This act requires an employer to allow an employee to take time of work for certain situations, including adopting a child or having a child.
Ã‚Â· Minimum Wage Ã¢â‚¬â€œ Federal law states a minimum wage that shall be paid to the majority of employees. If a state minimum wage is higher than the federal minimum wage, an employer must pay the higher minimum wage.
Ã‚Â· Overtime Ã¢â‚¬â€œ Similar to minimum wage, both federal and state laws require overtime be paid and employers must provide whichever overtime pay is higher.
Many Americans take these benefits for granted but they are critical to employees when they are in a situation that requires them to use one of these benefits. For example, millions of people depended on unemployment benefits during the Covid-19 pandemic to pay their bills.
One benefit that would help me is some form of tuition reimbursement. An employer would reimburse up to a certain amount of higher education costs per year if the employee agreed to remain employed with the employer for a certain number of years after the reimbursement Ã¢â‚¬â€œ say three years. That way an employer would benefit from the education I received for three years and, in return, some or all of my higher education costs would be paid for.
Doyle, A. (2019, December 20). Types of employee benefits and perks. The Balance Careers. https://www.thebalancecareers.com/types-of-employee-benefits-and-perks-2060433
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