How to pay and reward mutidiscipline work teams

Article Abstract:

Muitidiscipline work teams are fast becoming commonplace in the workplace because of their inherent advantages over traditional hierarchical organization structures. Compensation professionals need to examine several issues involving the said teams regarding reward and pay issues. A conceptual framework must first be made concerning factors such as culture, team performance and individual performance, and a market analysis of disciplines. The framework serves as basis for combining the reward and pay elements into an effective plan for directing the team towards its objectives.

Employee Benefits & Services, Analysis, Compensation and benefits, Human resource management, Compensation management, Work groups, Teamwork (Workplace), Employee motivation

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An employer's guide to managed-care contracts

Article Abstract:

Employers are getting more involved in health care issues concerning their employees and dependents as managed-care programs in company-sponsored health plan become popular. Employers have also become more vulnerable to potential liabilities because of these managed-care programs. These potential lawsuits, however, can be prevented if employers ensure the clarity and accuracy of their contracts with insurers, managed-care vendors or health care providers.

Employer liability, Contracts, Managed care plans (Medical care)

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How to put additional contributions onto pensions

Article Abstract:

Small business owners can adequately finance their pension funds by employing fully insured defined benefit pension plans (FIDBPP) as provided under the Internal Revenue Code Section 412(i). However, there are several disadvantages of the FIDBPP such as the inability to issue loans, limited investment flexibility and decreased contributions over time as plan reaches full funding limit.

Pension Fund Administration, Finance, Pension funds, Defined benefit plans, Financial management

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