HR 101: Benefits
Your company is not required by law to provide any employee benefits. This includes paid time off/vacation, paid holidays and medical insurance. Benefits are the results of labor market influence and your social conscience.
An HR professional will determine which benefits are common in your geographic and business market, and then shop for the best possible rates for products such as health insurance. They will also calculate the cost of paid time off (PTO) to the company since it is a vested benefit in California.
Then there comes the endless task of administering and updating your benefits program. You really want to leave this task to some HR type. It is pedestrian but important to be done accurately.
I would also include the various Leaves of Absence required in California in the benefits bucket. Another ultra-clerical but important element for legal compliance.
Lance
An HR professional will determine which benefits are common in your geographic and business market, and then shop for the best possible rates for products such as health insurance. They will also calculate the cost of paid time off (PTO) to the company since it is a vested benefit in California.
Then there comes the endless task of administering and updating your benefits program. You really want to leave this task to some HR type. It is pedestrian but important to be done accurately.
I would also include the various Leaves of Absence required in California in the benefits bucket. Another ultra-clerical but important element for legal compliance.
Lance
posted by Lance Daly at
11:51 AM
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