Benefits Research Paper Example | Topics and Well Written Essays - 250 words

Benefits - Research Paper Example tended sick and vacation days, medical plan, profit sharing, stock option plans, pensions, IRA, 401k, maternity leave, paternity leave, wellness programs, flexible time, and telecommuting. A trend in the medical plans companies offer to its employees is increased costs. In 2013 medical costs in the United States are expected to increase by 5% (Mercer, 2012). Companies have to keep track of the medical profession since the government in the future might implement a universal health plan that would put the burden of the nation’s medical costs on the government, instead of the private industry. In the 21st century employees care a lot about having a work-life balance. A benefit that can help employees achieve that goal is flexible time. Flexible time is a work arrangement that gives the employees the ability to set their own hours during the workweek. Telecommuting is also a hot trend. Telecommuting involves having employees perform work from their homes. Telecommuters communicate and upload work tasks by connecting to the company’s information system using the internet. Some important factors to consider when designing a benefit plan are composition of lab or force, size of workforce, and budget allocated for employee