Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs.

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Assignment: Strategic Value of Employee Benefits Programs
Write a seven to eight (7-8) page paper in which you:

  1. Identify and discuss at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs. Be sure the response is specific and relevant.
  2. Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory?
  3. Research and discuss at least four to five (4-5) of what may be referred as “Other Benefits” that you could recommend to the management team as necessary elements for the benefits package. HINT: Flextime and product/service discounts are good examples.
  4. Develop an employee benefits package for any exempt or non-exempt position level of your choosing, making sure you support the selection of your program elements.