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| Preface | |
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| Introduction to Benefits | |
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| The Plan Sponsor's Dilemma | |
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| Employers and the Business Strategy | |
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| Learning Objectives | |
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| Topics Covered | |
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| Conclusion | |
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| Business Strategy Illustration | |
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| Chapter Exercises | |
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| Human Resource Economics, Principles, and Actuarial Concepts Applicable to Benefits | |
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| Total Rewards | |
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| Monetary Value of Benefits | |
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| The Benefits Model | |
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| Actuarial Principles | |
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| Conclusion | |
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| Chapter Exercises | |
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| Lifecycle Events | |
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| Benefits Respond to Lifecycle Events | |
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| Health | |
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| Disability | |
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| Employee Counseling | |
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| Childbirth and Adoption | |
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| Daycare | |
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| Educational Assistance | |
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| Caring for Sick Dependents | |
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| Retirement | |
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| Retiree Health Care | |
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| Marriage | |
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| Separation from Employment | |
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| Death of the Employee | |
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| Time Off From Work | |
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| Cultural and Global Perspective | |
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| Conclusion | |
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| Chapter Exercises | |
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| Retirement Plans--Evolution and Design | |
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| Introduction | |
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| Factors Affecting Retirement Plan Design | |
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| Financing of Retirement Plans | |
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| Fund Protection | |
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| The Benefits Model | |
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| Basic Design Features of a Defined Benefit Plan | |
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| Defined Contribution Plans | |
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| The Evolution Continues | |
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| Evolution and the Small Employer | |
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| Chapter Exercises | |
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| Pension Plans for Small Employers and Retirement Planning | |
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| Evolution Reaches the Small Employer and the Self-Employed | |
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| Individual Retirement Account (IRA) | |
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| The Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) | |
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| Simplified Employee Pension (SEP) | |
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| Money Purchase Plan | |
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| The Keogh | |
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| Contemporary Issues in Retirement | |
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| Retirement Planning--Will Your Employee Have Enough to Retire? | |
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| Conclusion | |
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| Chapter Exercises | |
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| Health Care | |
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| Introduction | |
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| Parties and Interests Involved in Health Care | |
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| Employer-Sponsored Plans--Taxes, Financing, and Market Factors | |
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| Financing | |
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| Market Conditions | |
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| Inflation | |
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| Evolution of Health Care Plan Design--Some Principles | |
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| The Benefits Model--Health Care | |
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| Design Features of the Major Medical or Indemnity Plan | |
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| Coordination of Benefits | |
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| Bundling and Unbundling Plans | |
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| Conclusion | |
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| Chapter Exercises | |
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| The Evolution of Health Care Plan Designs | |
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| Introduction | |
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| Preferred Provider Organization (PPO)--Discounts and Volume | |
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| Point-of-Service Plan (POS) Plan--Management of Referrals | |
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| Health Maintenance Organization (HMO)--More Managed Utilization and Care | |
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| Direct Contracting and Capitation | |
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| Consumer-Driven Health Care | |
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| Choices of Plans--What Should the Employer Sponsor Offer? | |
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| Insured Plans | |
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| Third-Party Administrator (TPA) Selection | |
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| Conclusion | |
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| Chapter Exercises | |
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| Improving Access to Quality Health Care--Do We Need Reform? | |
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| Underlying Problems of Cost and Affordability--Value and the Lack of Quality | |
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| Stating the Underlying Problem--High Costs of Health Care | |
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| Health Care Investment and Efficacy | |
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| Inappropriate Care and Clinical Quality Measurements | |
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| Errors Increase Costs | |
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| Our Culture, System, and Prices | |
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| Profile of the Uninsured | |
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| What Are Some Possible Solutions? | |
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| New Health Care Delivery and Financing Systems--Health Care Reform | |
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| Conclusion | |
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| Some Perspective on the Bureaucratic Barriers to Health Care Reform | |
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| Chapter Exercises | |
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| Benefit Legal Compliance: Employee Retirement Income and Security Act (ERISA), Internal Revenue Code (IRC), and the Pension Protection Act of 2006 (PPA) | |
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| History | |
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| The Basic Provisions of ERISA | |
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| Tax Treatment of Retirement Plans | |
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| Nonalienation of Benefits | |
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| Freezes and Terminations | |
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| Cash Balance Plans--Legal | |
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| Phased Retirement | |
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| Bankruptcy | |
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| ERISA and IRC Enforcement | |
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| Insuring Benefits When a Plan Is Terminated | |
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| Conclusion | |
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| Chapter Exercises | |
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| Employee Benefits and Metrics | |
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| A New Perspective--Benefits Are Not Just Costs | |
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| The Metrics Template for Benefits | |
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| The Data and Metrics Toolbox--Surveys and Assessments | |
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| Toolbox--Efficiency, Costs, and Productivity | |
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| Toolbox--Data Sources for Measurement--Human Resource Management Systems (HRMS) | |
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| Sound Measurement--Validity, Reliability, and Practicality | |
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| Measuring the Financial Value of Benefit Plans--Using Capital Budgeting Analysis | |
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| Some Perspective | |
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| Design Principles | |
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| Data, Metrics, and Retirement Plans--Some Examples | |
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| Health Care and Measurement--Plan Design | |
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| Evaluating Providers and Their Clinical Outcomes--Sponsors' Efforts | |
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| Conclusion | |
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| Chapter Exercises | |
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| Equity Benefits | |
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| Introduction | |
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| Retirement Plans and Stock | |
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| Stock Purchase Plans | |
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| Stock Option Plans | |
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| Restricted Stock | |
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| Stock Appreciation Rights | |
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| Some Issues Pertaining to Equity Awards | |
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| Performance-Based Equity Awards | |
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| Does Equity Compensation Work? | |
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| Chapter Exercises | |
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| Government-Sponsored and Mandated Benefits | |
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| Social Security Retirement Benefit (USA) | |
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| Some Social Security Economic and Policy Issues | |
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| Perspectives on Social Security Reform | |
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| Health Care After Retirement--Medicare | |
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| Medicare--Some Important Economic and Policy Issues | |
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| Medicaid | |
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| Perspectives on Medicaid | |
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| Veterans' Health Care | |
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| Mandated Benefits (COBRA, HIPAA, FMLA, USERRA) | |
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| Chapter Exercises | |
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| Global Benefits | |
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| Introduction | |
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| Health Care in Europe | |
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| Some General Principles and Features of European Health Systems | |
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| Financing of Health Care--European Countries | |
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| Current Problems and Issues in European Countries | |
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| Some Perspectives on Costs, Long-Term Health, and Reform | |
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| China's Health Care System | |
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| Some Conclusions--The United States and Other Countries | |
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| Social Security--Providing and Insuring Retirement Income | |
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| Some General Retirement Approaches in European and Other OECD Countries | |
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| China and Social Security Retirement Income | |
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| Chile and the Personal Account | |
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| Some Perspectives on Social Security Reform | |
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| Competitive Labor Costs and Benefits | |
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| Expatriates and Global Benefits--Taking Your Business Abroad | |
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| Conclusion and Perspective--The Global Workplace | |
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| Chapter Exercises | |
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| Collective Bargaining and Benefits | |
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| General Obligation to Provide New Benefits Pursuant to Collective Bargaining | |
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| What Will Happen to the Current Plans? | |
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| Must the Company Bargain Over an Entry Into a Joint Trust? | |
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| Joint Trusts--Issues and Challenges | |
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| MPPAA--What Happens if the Employer Closes His Operation and Leaves the Joint Trust? | |
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| What if the Company and the Union Cannot Agree on Benefits? | |
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| What Happens if the Contract Expires and There Is No New Agreement? | |
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| What Happens if the Contract Expires and the Employees Go on Strike? | |
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| Bargaining and Retiree Health Care | |
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| Conclusion and Perspective | |
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| Chapter Exercises | |
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| Life and Disability Insurance, Pay for Time Not Worked | |
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| Life Insurance | |
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| Disability Insurance | |
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| Pay for Time Not Worked--Sick Days, Vacation, and Holidays | |
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| Chapter Exercises | |
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| Convenience and Accommodation Benefits, Benefits Administration | |
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| Convenience and Voluntary Benefits | |
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| Making the Benefits Fit the Workplace | |
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| Concierge Benefits | |
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| Flexibility | |
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| Employee Assistance Plan (EAP) | |
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| Company-Sponsored Educational Benefits | |
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| Administration of Employer-Sponsored Benefits | |
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| Outsourcing Administration | |
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| Information Systems for Benefits | |
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| Plan Optimization and Communication | |
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| Chapter Exercises | |
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| Index | |
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| About the Author | |