Employee Benefits are given by employers aside from the regular salary to give his workers extra incentive. These benefits often include insurance policies, retirement and ownership plans, and the like.
It is important for a worker to know the types of benefits that he is entitled to or his co-workers are getting so that he can protect himself from any discrimination in his workplace and receive his fair share of employee benefits.
The Equal Employment Opportunity Commission strictly implements employment laws that go against unfair treatment of a worker. They see to it that workers who are discriminated, harassed, or are retaliated against will receive justice for their ordeal.
The EEOC protects covered workers and ensures that they receive the following benefits:
Health insurance benefits. It covers the worker's need for medical care in case he gets involved in a workplace accident or incur illness. The coverage can sometimes be extended to his beneficiaries (i.e. spouse and children)
Severance Benefits. These are given to workers who are terminated not because of their job performance or actions but because of other reasons like the downsizing of the company. The amount of these benefits would have to be discussed or negotiated on by an employer and his worker.
Disability Benefits. It addresses the needs of a person who is unable to work because of his condition. There are two disability benefits that a worker can apply for: the short term and long term benefits.
Short time disability benefits give the employers the power to bring back to work the person once he has recovered from his disability. The coverage of long term disability benefits depend on the plan that covers him.
Disability retirement plans. Just like disability benefits, the person will still receive salary replacement benefits under his disability retirement plan if he becomes unable to work. But here, he would receive payments until he dies unless he recovers from his condition.
Service retirement benefits. It provides benefits to an employee who served for a certain number of years in the company before reaching their retiring age. The amount that a retiree can recover depends on the computation of the employee, his age and his number of years served in the company when he availed the retirement benefits.
Early retirement incentives. An employer can offer early retirement to a worker before he reaches full retirement age in exchange of benefits. These incentives can be used by an employer to convince an employee to take early retirement to avoid layoffs.
Life insurance benefits. This provides monetary help to the worker's beneficiaries in case he would die.
For more concerns regarding employee benefits, workers are encouraged to visit the EEOC's website or consult a lawyer who has a vast knowledge and experience regarding these matters.
Employee Benefits Disputes
Many workers and employers have battled it out in courtrooms against each other because of disputes regarding employee benefits. Some employees allege discrimination because they believe that they are entitled to certain benefits but were denied of their contrasting traits with the employer.
These alleged discriminations are often based on race, age, sex, disability, and religion among other things.
To avoid going through legal disputes that would waste both parties' resources, it is important that both employees and workers fully understand the implications of the contract that they will be signing before embarking on an employment relationship.