Pay for Time Not Worked and Insurance Benefits
Learning Objective 4
List and discuss the main pay for time not worked and insurance benefits.
Employers typically offer various pay for time not worked (also called supplemental pay) benefits, as well as insurance benefits. We’ll start with the former.
Common pay for time not worked includes, for instance, unemployment insurance, holidays, and sick leave.
Unemployment Insurance
All states have unemployment insurance (or compensation) laws. These provide benefits if a person is unable to work through no fault of his or her own. The benefits derive from a tax on employers ...
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