Designing Benefit Plans
Draft a basic plan for a start-up company of fewer than 100 employees.
As you prepare your benefit plan, include the following information on factors influencing the choice of benefit package
What benefits are expected at the base level and what benefits would be unique and attractive to a good worker?
What cost target is appropriate for your total benefit package? Consider the trends provided in the text.
How will your plan affect retention and motivation of the work force?
Will your plan meet legal requirements?
Will any of your benefits show an unintended preference for people of a certain age, gender, marital status, or number of dependents, including a direct and indirect impact of the benefit plan on these protected classes?
Can you administer the plan in a small employer environment?