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The Essential HR Handbook, 10th Anniversary Edition by Barbara Mitchell, Sharon Armstrong

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6

BENEFITS

BY MICHAEL STRAND

Write your injuries in dust, your benefits in marble.

Benjamin Franklin, American statesman, scientist, philosopher, author, and inventor

Government-mandated benefits

Based on an evolving national commitment to provide workers with basic welfare and security, both federal and state laws require several benefits. Individual states and other jurisdictions may require benefits—such as minimum wage and continued insurance after layoff or firing—that are more generous than the federal requirements. Have your legal counsel check all relevant employment laws.

Social Security and Medicare

Social Security replaces a portion of income upon retirement, based on a formula of earnings and years worked (eligibility starts at age ...

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