HR09 HR and Benefits

Benefits are compensation that is not a wage or salary. They go beyond either form of compensation and include things such as health insurance, retirement plans, and paid time off. The relative advantages of various benefits are difficult to quantify and have led many organizations to adopt simpler approaches such as imitating other employers within their industry or community or basing benefit decisions on resources such as available funding, space, time, or information. This course will address the importance of strategy in determining benefits and offer a systemic approach to their design, implementation, and evaluation.