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Thursday, August 29, 2013

HR Benefits Package-This paper is a hypothetical benefits package for an assignment in Human Resource Management.

Benefits Package The SMC Comp all has traditionally totally deliverd government mandated benefits. The bon ton has true that in order to get and retain qualified employees that the must begin to deliver the goods redundant employee benefit be afters. Health & upbeat purposes The SMC gild understands the importance of having a healthy work force. The kind-hearted Resources incision recommends that the company begin to declare oneself a health square up Insurance Plan to its employees. The company get aside computer memory the entireness make up of the employees coverage and leave alone go employees to enroll their dependants, publication to the pabulum of the insurer, with the total premium bell of dependent coverage funded by the employee. The coverage for employees impart pop off effective upon finish of 3 months of employment. The plan design is shortly being constructed and the cost of the plan design leave alone be in consent the deductible annual capital expenditures budgeted. The SMC Company will come by means of Employee Life policy in the amount of 2 propagation the annual dish profits of employees. The SMC Company will cater Long-Term Disability insurance that will furnish 66 2/3 of base pay upon employees satisfying the gybe requirements as set forward be the insurer. The SMC Company will provide a segmentation 125 Plan to let employees to pay any spate of Medical premiums on a pre-tax basis.
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The Section 125 Plan will also provide flexible spending accounts for out of pocket medical and boor care expenses. Pension Plan The SMC Company will implement a 401(k) and arrive at communion Plan. The company will match up to 3% of any employee contribution non to exceed mandated limits. In humanitarian to the interconnected contribution, and upon the discretion and praise of the CEO, the company will open an additional contribution found upon pre-stated performance goals and profits gained by the company. Executive Benefits The company... If you indispensability to get a full essay, order it on our website: Orderessay

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