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Compensation and Benefits

Other Types of Compensation

Exercises

  1. Of the benefits we discussed, which ones are required by law? Which are not?
  2. Research current Federal Insurance Contributions Act (FICA) tax rates and Social Security limits, as these change frequently. Write down each of these rates and be prepared to share in class.
  3. Describe the considerations when developing medical benefits. Which do you think would be the most important to you as the HR manager?
  4. Visit websites of three companies you might be interested in working for. Review the incentives they offer and be prepared to discuss your findings in class.