Question

Except for the Family and Medical Leave Act, the remaining legally required benefits were conceived decades ago. What changes in the business environment and society might affect the relevance or perhaps the viability of any of these benefits? Select one of these and create a new version that better addresses the needs of future employees.

Answer 1

The changes in the business environment and society might affect the relevance orperhaps the viability of any of these benefits companies faced with higher health care costs reduces investments and lower employment. Companies faced with rising cost of benefits and health care may cut employment, reduce benefits that may enhance future productivity. Some examples of benefits are medical insurance, disability, unemployment,worker’s compensation, vacations pay, holiday pay,and maternity leave, contribution toretirement (pension pay), profit sharing, stock options, and bonuses. Unemploymentinsurance payments are intended toprovide temporary financial assistance to unemployed workers who meet the requirements of state law. Eligibility for unemployment insurance, benefit amounts