Why make mass transit an employee benefit

Article Abstract:

The Internal Revenue Code contains a regulation which states that employers may provide employees with transportation fare not beyond $21 a month in the form of vouchers, tokens or tickets for mass transit systems. These commuter subsidies are cost negligible for firms and exempt from taxes for employees. This benefit is well-appreciated by employees since it covers their transportation expenses. The subsidy also promotes the company's image since it helps control pollution and conforms with Clean Air Act regulations.

Transportation, Workers

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Matching total compensation to employee needs

Article Abstract:

Employers are working on a total compensation plan which views employees as customers and benefits as marketable products. Employers should also consider providing a compensation program that transcends traditional direct pay and benefits. The concept of total quality management can be appliedto total compensation whereby the quality of the benefit program is foremost. Employers must respond accordingly to the demands for a total compensation program if they want to retain competent employees.

Methods, Management, Employers, Compensation management

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