Topic > Employee Compensation Programs - 1410

Benefits have definitely changed in recent years. According to Compensation, in 1880 people worked approximately 14 hours every single day except Sunday and only received a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next two years, employees began to see work hours change from 60-64 hours per week to 54 hours by 1930. Eventually, employees were able to take time off to enjoy time with their families, but they still didn't get paid for those bad days, though. Today's society seems to have made it compared to those times; many companies offer education reimbursement, employee training, child care, and retirement benefits, to name a few (Gerhart, 2011, p. 415). According to PayScale, the most popular benefits in manufacturing are 401(k) ranked first, paid time off and vacation ranked second, life insurance, paid sick leave, company pension plan, casual dress/atmosphere, education, and employee reimbursement. training (PayScale, Inc., 2011). Although many companies offer additional benefits to keep their employees motivated, there are still some government laws that the company must provide to the employee. These benefits include Social Security, unemployment insurance, workers' compensation, family and medical leave, and COBRA (elinfonet.com, LLC, 2011). Workers' compensation deals with occupational injuries and illnesses. This compensatory benefit allows employees to receive cash, rehabilitation, and medical benefits while they are unable to work (elinfonet.com, LLC, 2011, ¶ 2). According to the Social Security Act of 1935, employees who lose their...... middle of paper......-No-Strategy-No-Solution-A8-Ackley1.pdfelinfonet.com, LLC. (2011). Human Resources Guide: Government-mandated benefits. Retrieved October 25, 2011, from Employment Law Information Network: http://www.elinfonet.com/human-resources/Government-Mandated-Benefits/Gary, S. (2011, April 12). Perks boost CEO compensation packages. USA Today .Gerhart, B. M. (2011). Compensation (10th ed.). New York, NY: McGraw-Hill Companies.Overman, S. (1994). Sell ​​your compensation plan. HR Magazine, ndPayScale, Inc. (2011, October 25). Most Popular Benefits: Job: Manufacturing Worker (United States). Retrieved October 25, 2011, from PayScale: http://blogs.payscale.com/compensation/2010/03/average-salary-of-jobs-in-manufacturing.htmlUtz., J.L. (2001). Family and Medical Leave Act: Implications for Employee Benefits. Journal of Pension Planning and Compliance , 32 (4), 15-46.