Fiscal realities and changing social priorities are requiring a dramatic shift in the way that benefits are selected and awarded to employees, especially in the public sector. This means that public administrators and policy researchers must consider new parameters and contingencies, both financial and social, when evaluating choices and making pol

The first edition of this book emerged as the definitive guide to reward management and also became an established reference work on human resource management courses around the world. It's not hard to see why.Covering everything you need to know about reward management in a company, the handbook is both highly readable as well as containing an impressive programme of tried and tested techniques for running efficient and motivational reward programmes.The techniques covered include: establishing job values and relativities; developing grade and pay structures; how to reward and review contribution and performance; how to reward special groups; running employee benefit and pension schemes; and so much more.This new edition contains new research conducted by E-Reward, as well as over 30 new case studies and brand new coverage of key topics such as engagement and commitment, bonus schemes and rewarding knowledge workers. If you are involved in developing reward schemes for staff, or are studying human resource management, then this book will open your eyes to the latest thinking in staff motivation and reward.

'Human Resource is our most precious asset. Progressive HR enhances human capital. Regressive HR depresses it. HR practitioners are entrusted with heavy responsibility. They must equip themselves with the knowledge and skills so that they could multiply the human capital under their care. This HR management series is timely. It is written in the Singapore context guided by our local employment laws and tripartite guidelines and standards. I commend the authors for their endeavour to produce such a first.'Lim Swee SayFormer Minister for ManpowerFormer Secretary General, National Trades Union Congress'Human Resource is a critical enabler. Good or bad HR can mean the difference between an organisation succeeding or failing. At the individual level, HR impacts an employee's job fulfilment and quality of work life. This is particularly important with a changing workforce profile made up of more professionals, managers and executives. This HR series is a useful compendium of HR fundamentals and lessons drawn from real-life cases. The authors have distilled lessons from their decades of HR practice and poured their insights into it. Overall, a useful and practical guide for any HR practitioner and a laudable contribution to the HR community in Singapore.'Patrick Tay Teck GuanAssistant Secretary-General, National Trades Union CongressHuman Resource Management in Singapore — The Complete Guide covers a wide spectrum of human resource management topics in five volumes: Employment Management, Work and Remuneration, Employee Benefits, Performance and Development, and Employee Conduct and Relations. In every chapter, the WHY, WHAT and HOW are presented lucidly. The books are a must-have GPS for any human resource practitioner in Singapore. Students, academics and bosses into human resource management as well as overseas human resource practitioners will also find the books helpful and instructive. Volume C on Employee Benefits brings readers through a wide array of employee and leave benefits, both mandatory and discretionary including medical, dental, transport, insurance, overseas posting incentives, long service awards, flexible benefits and more. Employee benefits do much to convey an organisation's total employee value proposition. The design of benefits requires astute judgment; in showing empathy for employees' needs, it must also be deliberate and purposeful to steer employee behaviours and incisive to exact a return for the organisation. Installing a new benefit is easy; unwinding one is less straightforward. Are benefits being appreciated? What are the potential abuses? Are there better and more cost-effective solutions? Are flexible benefits or the clean wage system the way to go? These will be discussed to help readers gain insights into the realm of employee benefits.

Considered the industry standard resource, this guide provides practical guidance, essential information and hands-on advice on the many aspects of accounting and authoritative auditing for employee benefit plans. This new 2016 edition is packed with information on new requirements — including the simplification of disclosure requirements for investments in certain entities that calculate net asset value per share (or its equivalent), the simplification of disclosures for fully benefit-responsive investment contracts, plan investment disclosures, and measurement date practical expedient, and a new employee stock ownership plans chapter that includes both accounting and auditing.

This Guide is chock full of resources, information, and real-life examples selected to assist new and developing employee benefit and HR professionals learn about and confidently manage workplace employee benefit programs. Instead of providing summaries of employee benefit statutes and regulations, this Guide focuses on where to find reliable sources to interpret and implement them. There are also real-life examples of the challenges and triumphs of administering workplace benefits, including leaves of absence, claim disputes, benefit plan communication, and more. Employee benefit professionals learn their craft on the job and with the help of the occasional seminar or certification course. However, this approach to learning is slow. At its worst, it can perpetuate misinformation and misunderstanding. New and developing employee benefit professionals can learn from the real-world challenges and triumphs of seasoned benefit pros to fill in the gaps in knowledge of real-life employee benefit administration. It also includes 6 Bonus Documents (Microsoft Word and Excel templates to calculate premium changes, adjust benefit deductions, create personalized compensation statements and COBRA notices, and use pivot tables and VLOOKUP) to take your benefits game to the next level. Lastly, an "Instructors Guide" is available to colleges and universities to teach the concepts outlined throughout the book. This separate Guide includes an in-class discussion outline for each book chapter and group and independent class assignments.

The essential resource for designing and implementing employee benefits—bringing you up to date on critical new industry changes For nearly three decades, HR professionals and consultants have depended on The Handbook of Employee Benefits for authoritative answers to their questions about designing and implementing competitive employee benefits packages. Covering everything from general objectives to costs, this classic reference brings you up to date on critical changes driven by legislative developments, such as the new health-care reform law enacted by the passing of the Patient Protection and Affordable Care Act. The seventh edition of The Handbook of Employee Benefits features the knowledge and insights of the leading scholars and practitioners in the field. Filled with new and updated information and real-world examples, this edition focuses on health and group benefits: Health Benefits: health-care reform’s impact on employee benefits, new approaches to cost containment, how to access quality care, consumer-driven health-care plan designs along with dental, behavioral, prescription, and long-term care programs Life Insurance: group term, universal life, and corporate-owned life programs Work/Life Programs: traditional time off and family leave, child and elder care, and assistance for education, financial planning, and voluntary benefits Social Insurance Programs: Social Security, Medicare, and workers’ and unemployment compensation programs Group and Health Benefit Plan Financial Management: federal tax laws, funding health benefit plans—insured, self-funded, and captive arrangements Employee Benefit Administration: flexible benefit plans, fiduciary liability issues, and communications Issues of Special Interest: retiree welfare benefits, small company benefits, multiemployer plans, and international employee benefit planning An innovative, efficient employee benefit program has become one of the primary prerequisites to success in today’s lean business battleground. The Handbook of Employee Benefits provides the knowledge and tools you need to create plans that benefit the greatest number of employees, while allowing employers to maintain fiscal integrity and competitive advantage.