a. Benefits for employees are forms of payment other than a salary or hourly wage. The following are just a few examples of specific employee benefits: paid time off, health insurance, tuition assistance, and many more. It is useful to group benefits according to the function they perform for beneficiaries and the source of the benefits in order to efficiently arrange the huge volume of benefits data. Assess the fundamental roles that characterize benefits programs.

 

b. Over time, employers may choose to adjust employees’ base for one or more reasons which might include an increase in the cost of living, differences in employees’ job performance, or differences in employees’ attainment of job-related knowledge and skills. Appraise the type of adjustments that might be made to core compensation.