Employee Benefits

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  • Edition: 4th
  • Format: Paperback
  • Copyright: 2010-01-07
  • Publisher: McGraw-Hill/Irwin
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The Fourth Edition of Employee Benefits: A Primer for Human Resource Professionals was written to promote an understanding of employee benefits programs among current human resource practitioners, employees who simply wish to gain a fuller understanding of employee benefits practices, and students enrolled in college-level compensation and benefits courses.

It’s relevant to students who plan to be general managers, who deal with a variety of human resource issues in their day-to-day jobs, as well as to those who expect to be human resource practitioners. The real-world focus of Martocchio’s text is evident on every page, as the author seeks to balance current academic thought with brief examples of contemporary benefits practices in business.

Future practitioners will use this textbook as an introductory reference guide, one that will enable them to put benefit practices into their appropriate context, and to orient them toward asking the "right" questions of experts related to employee benefits, like accountants, attorneys, government bodies, etc.

Martocchio’s Employee Benefits is forward-thinking and seeks to bring the topic into the mainstream of compensation understanding. The Fourth Edition continues to be concisely written, highlighting key issues in order to provide the reader with a solid foundation for discussing benefits issues with employee benefits professionals. As practices and laws affecting benefits change frequently, Martocchio stays on the cusp of recent developments, capturing all recent changes with his Fourth Edition.

Table of Contents

Introduction to Employee Benefitsp. 1
Introducing Employee Benefitsp. 3
Defining and Exploring Employee Benefitsp. 4
Defining Employee Benefitsp. 5
Employee Benefits in the Total Compensation Schemep. 6
The Field of Employee Benefits Practicep. 8
Legally Required Benefitsp. 9
Discretionary Benefitsp. 10
Origins of Employee Benefitsp. 14
Legal and Regulatory Influences on Discretionary Benefits Practicesp. 15
Strategic Planning for the Benefits Programp. 17
Basic Strategic Planning Conceptsp. 17
Approaches to Strategic Benefit Planningp. 19
Information Used in Strategic Benefit Planningp. 22
External Environmentp. 22
Internal Environmentp. 27
Plan for the Bookp. 29
The Psychology of Employee Benefitsp. 31
Employment Relationship as Social Exchangep. 33
How Employee Benefits Constitute Social Exchangep. 33
Workforce Changes and the Employment Relationshipp. 34
Psychological Contractsp. 36
Psychological Contract Developmentp. 38
Psychological Contract Violationp. 39
Employee Benefits as Constituting Psychological Contractsp. 40
Employee Attitudes and Employee Benefitsp. 41
Justice and Perceived Organizational Supportp. 41
Organizational Citizenship Behaviorp. 43
Summaryp. 44
The Economics of Employee Benefitsp. 49
Why Do Employers Offer Benefits?p. 50
Cost Advantagep. 51
Recruiting Certain Types of Workersp. 54
Tax Incentivesp. 55
Who Pays for Benefits?p. 56
Two Extensionsp. 62
Government Mandatesp. 62
Differences in Benefit Cost Increases across Groups of Workersp. 64
Summaryp. 65
Regulating Employee Benefitsp. 67
Labor Unions and Employee Benefits: The National Labor Relations Act of 1935p. 69
The Internal Revenue Codep. 72
The Fair Labor Standards Act of 1938p. 73
The Employee Retirement Income Security Act of 1974p. 75
Defining Pension Plans and Welfare Plansp. 77
Scope of Coverage for Pension Plans and Welfare Plansp. 78
Protection of Employee Rightsp. 78
Amendments to the Internal Revenue Code Relating to Retirement Plansp. 82
Jurisdiction, Administration, Enforcement, Joint Pension Task Force, and Other Issuesp. 82
Plan Termination Insurancep. 83
The Consolidated Omnibus Budget Reconciliation Act of 1985p. 86
The Health Insurance Portability and Accountability Act of 1996p. 88
The Pension Protection Act of 2006p. 90
Federal Equal Employment Opportunity Lawsp. 91
The Equal Pay Act of 1963p. 92
Title VII of the Civil Rights Act of 1964p. 93
The Age Discrimination in Employment Act of 1967 (ADEA)p. 93
The Pregnancy Discrimination Act of 1978p. 95
The Americans with Disabilities Act of 1990p. 96
The Civil Rights Act of 1991p. 97
Genetic Information Nondiscrimination Act of 2008p. 98
Summaryp. 99
Retirement, Health, and Life Insurancep. 103
Employer-Sponsored Retirement Plansp. 105
Defined Retirement Plansp. 107
Origins of Employer-Sponsored Retirement Benefitsp. 107
Trends in Retirement Plan Coverage and Costsp. 108
Minimum Standards for Qualified Plansp. 109
Qualified Plansp. 109
Defined Benefit Plansp. 113
Benefit Formulasp. 113
Nondiscrimination Rules: Testingp. 114
Accrual Rulesp. 115
Minimum Funding Standardsp. 117
Benefit Limits and Tax Deductionsp. 118
Defined Contribution Plansp. 118
Individual Accountsp. 118
Investments of Contributionsp. 118
Employee Participation in Investmentsp. 119
Nondiscrimination Rules: Testingp. 119
Accrual Rulesp. 120
Minimum Funding Standardsp. 120
Contribution Limits and Tax Deductionsp. 120
Types of Defined Contribution Plansp. 120
Section 401(k) Plansp. 120
Profit-Sharing Plansp. 121
Stock Bonus Plansp. 122
Employee Stock Option Plans (ESOPs)p. 122
Savings Incentive Match Plans for Employees (SIMPLEs)p. 123
Section 403(b) Tax-Deferred Annuity Plansp. 123
Section 457 Plansp. 125
Hybrid Plansp. 125
Cash Balance Plans and Pension Equity Plansp. 125
Target Benefit Plansp. 130
Money Purchase Plansp. 131
Age-Weighted Profit-Sharing Plansp. 131
Summaryp. 132
Employer-Sponsored Health Insurance Programsp. 135
Defining and Exploring Health Insurance Programsp. 136
Origins of Health Insurance Benefitsp. 137
Health Insurance Coverage and Costsp. 138
Individual versus Group Insurance Coveragep. 143
Regulation of Health Insurance Programsp. 143
Federal Regulationp. 143
Tax Regulationsp. 146
State Regulationp. 146
Fee-for-Service Plansp. 148
Types of Medical Expense Benefitsp. 148
Features of Fee-for-Service Plansp. 149
Major Medical Insurance Plans: Supplemental and Comprehensivep. 152
Managed Care Plansp. 153
Health Maintenance Organizationsp. 153
Types of Health Maintenance Organizationsp. 153
Features of Health Maintenance Organizationsp. 154
Preferred Provider Organizationsp. 156
Features of Preferred Provider Organizationsp. 156
Point-of-Service Plansp. 157
Specialized Insurance Benefitsp. 158
Dental Insurancep. 159
Vision Insurancep. 160
Prescription Drug Benefitsp. 160
Mental Health and Substance Abusep. 162
Maternity Carep. 163
Consumer-Driven Health Carep. 164
Retiree Health Care Benefitsp. 166
Summaryp. 169
Employer-Sponsored Disability Insurance and Life Insurancep. 171
Disability Insurancep. 172
Origins of Disability Insurancep. 173
Short-Term Disability Insurance Programsp. 174
Long-Term Disability Insurance Programsp. 175
Funding Disability Insurance Programsp. 176
Employee and Employer Tax Obligationsp. 176
Relationships between Company-Sponsored Disability Plans and Benefits Lawsp. 177
Life Insurancep. 179
Origins of Life Insurancep. 179
Coverage and Costs of Life Insurancep. 179
Types of Life Insurance Programsp. 180
Group Term Life Insurancep. 180
Tax Treatment of Group Term Life Insurancep. 183
Universal Life Insurancep. 185
Accidental Death and Dismemberment Insurancep. 185
Summaryp. 185
Government-Mandated Social Security and Workers' Compensation Programsp. 189
Origins of Social Security and Workers' Compensation Programsp. 190
Introduction to the Social Security Programsp. 191
Employers Required to Participate in Social Security Programsp. 192
Administration of Social Security Programsp. 196
Social Security Numbersp. 197
Old-Age, Survivor, and Disability Insurance (OASDI)p. 197
Qualifying for OASDI Benefitsp. 197
Determining Benefit Amountsp. 197
Old-Age Benefitsp. 198
Survivor Benefitsp. 202
Disability Benefitsp. 204
Medicarep. 205
Eligibility Criteria for Medicare Benefitsp. 205
Medicare Part A Coveragep. 207
Medicare Part B Coveragep. 207
Medigap Insurancep. 207
Medicare Part C: Medicare Advantagep. 208
Medicare Prescription Drug Benefitp. 209
Medicare as the Primary or Secondary Payerp. 209
Financing OASDI and Medicare Programsp. 210
Unemployment Insurancep. 212
Eligibility Criteria for Unemployment Insurance Benefitsp. 212
Unemployment Insurance Benefit Amountsp. 213
State Compulsory Disability Laws (Workers' Compensation)p. 215
Coverage of Workers' Compensation Programsp. 216
Cost of Workers' Compensation Insurancep. 217
Workers' Compensation Claimsp. 217
Types and Amounts of Workers' Compensation Benefitsp. 218
Employers' Rights under Workers' Compensation Programsp. 220
Financing Workers' Compensation Programsp. 222
Employer and Employee Tax Obligationsp. 223
Relationship between Workers' Compensation and Benefits Lawsp. 224
Summaryp. 225
Servicesp. 229
Paid Time-Off and Flexible Work Schedulesp. 231
Defining and Exploring Paid Time-Off Programsp. 232
Paid Time-Off Practicesp. 234
Holidaysp. 235
Vacationp. 236
Sick Leavep. 239
Personal Leavep. 239
Integrated Paid Time-Off Policies or Paid Time-Off Banksp. 240
Bereavement or Funeral Leavep. 241
Jury Duty and Witness Duty Leavesp. 241
Military Leavep. 242
Nonproduction Timep. 243
On-Call Timep. 243
Sabbatical Leavep. 244
Volunteerismp. 245
Leave under the Family and Medical Leave Act of 1993p. 245
Flexible Schedulingp. 249
Flextime Schedulesp. 249
Compressed Workweek Schedulesp. 250
Telecommutingp. 251
Summaryp. 252
Accommodation and Enhancement Benefitsp. 255
Defining Accommodation and Enhancement Benefitsp. 256
Rationale for Accommodation and Enhancement Benefitsp. 256
Tax Benefits for Employers and Employeesp. 257
The Mental and Physical Well-Being of Employees and Family Membersp. 257
Employee Assistance Programsp. 257
Wellness Programsp. 263
Family Assistance Programsp. 266
Adoption Assistance Programsp. 267
Educational Benefits for Employeesp. 268
Educational Assistance Programsp. 268
Tuition Reimbursement Programsp. 269
Scholarship Programsp. 269
Support Programs for Daily Livingp. 271
Transportation Servicesp. 271
Physical Fitnessp. 272
Summaryp. 272
Extending Employee Benefits: Design and Global Issuesp. 275
Managing the Employee Benefits Systemp. 277
A Comparison of Traditional Benefits Plans and Flexible Benefits Plansp. 278
A One-Size-Fits-All Approachp. 278
Employer Choice to Customize Benefitsp. 279
Cafeteria Plans under Section 125p. 280
Types of Flexible Benefit Plan Arrangementsp. 282
Communicating the Employee Benefits Programp. 286
Legal Considerations in Benefits Communicationp. 286
The "Good Business Sense" of Benefits Communicationp. 288
Managing the Costs of Employee Benefitsp. 292
Cost-Control Methodsp. 293
Employee Educationp. 294
Utilization Revieiusp. 294
Case Managementp. 295
Provider Payment Systemsp. 296
Lifestyle Interventionsp. 296
Outsourcing the Benefits Functionp. 297
The Future of Employee Benefitsp. 298
Changing Employment Contractp. 298
Accountability to Shareholdersp. 299
Recent and Proposed Legislationp. 299
Domestic Partner Benefits and Same-Sex Marriage Issuesp. 300
Generational Diversity and Workplace Conflictp. 302
Presidential-Year Politicsp. 303
Summaryp. 305
Global Employee Benefits at a Glancep. 307
Not All Employee Benefits Are Alikep. 308
North Americap. 308
Canadap. 309
Mexicop. 312
South Americap. 313
Brazilp. 313
Argentinap. 315
Europep. 316
Francep. 317
Germanyp. 318
Spainp. 320
United Kingdomp. 321
The Netherlandsp. 322
Italyp. 324
Polandp. 325
Swedenp. 326
Russiap. 328
Asiap. 329
The People's Republic of Chinap. 329
Hong Kongp. 331
Japanp. 332
South Koreap. 334
Indiap. 335
Saudi Arabiap. 337
Africap. 338
South Africap. 338
Australiap. 339
Summaryp. 340
Glossaryp. 347
Indexp. 371
Table of Contents provided by Ingram. All Rights Reserved.

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Good Price, Decent Condition, Very Fast Shipping March 29, 2011
I saved quite a bit of money by purchasing this textbook through ecampus. The shipping was very fast and the condition of the book isn't bad at all. I would definitely recommend, the textbook covers all aspects of employee benefits. It's easy reading with good examples. and easy to teach from.
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