College of Extended Learning Employee Benefits and Services INSTRUCTOR: PHONE: LOCATION: EMAIL: Kalyan S Chakravarty 818.677.2435 SH221 Kalyan.chakravarty@csun.edu TERM: COURSE: TICKET: UNITS: Spring 2008 XHRM 908 18337 3.0 CEUs CLASS MEETINGS: Tuesdays from 7 to 9:50 pm. February 12 – April 22, 2008 Course Description: You will explore the use of benefits and services as a means of attracting and retaining employees, which should match your company's vision. You will review the history and philosophy of benefits and services to learn why this area has become so competitive. You will learn to create and administer a benefits and services program, develop and deliver it to attract, nurture and retain talent in an organization. Recent innovative approaches to benefits and services adopted by companies shall be presented for analyses and discussions. Themes: History and philosophy of benefits and services Retirement, Health and Life Insurance Paid Time-off from work, Accommodation and Enhancement Benefits Creation and administration of benefits and services programs Linking benefits and services to other areas of HRM Topics: History, philosophy and competition Design/pricing fundamentals Pensions Welfare plans/strategies (life, medical, dental, vision) Cost control Employee Services Administration Legal issues Page 2 The learning objectives are: A. B. C. D. E. F. G. H. Understand the history of benefits Understand benefit challenges employers face Describe various welfare benefits and pension plans Describe different benefit pricing strategies Acquire skills to develop benefits and services Analyze benefit packages Describe ways to use benefits and services to attract and retain employees Describe benefits and services relative to total compensation Textbook: Joseph J. Martocchio, 2007 Employee Benefits: A Primer for Human Resources Professionals, 3rd edition (2007), ISBN: 0073381292 Students should preferably have access to people in their respective organization, who are willing to share data related to employee benefits and services exclusively for academic purposes. Course Work: Quizzes (3) * Group Project Class Debate Final Exam Punctuality, Attendance, Participation 20pts 25pts 20pts 25pts 10pts Total: 100 pts *Quizzes: Three pre-final quizzes of 10 pts each are scheduled to assist you in the preparation for the final exam. The first is open-book. The best two quiz scores will be counted and the lowest will be discarded. However, in the unlikely event that you miss a class with a quiz or are unable to take one of the quizzes, the other two scores will be counted toward your final score. Group Project Students will form groups of five or less, and each group will conduct an in-depth analysis of one Firm (a different one for each group). They will collect all relevant data, as much as feasible, on employee benefits and services, welfare benefits, retirement, health, life insurance, and pension plans, benefits pricing strategies, etc., pertaining to the firm and analyze them critically while applying the knowledge and skills gained in the class. The aspects to be covered should include: Page 3 (1) History, philosophy and key purposes of the firm in matters of benefits and services offered; (2) Types of employee benefits, both legally required and the discretionary ones, and their implications; (3) Different insurance plans and their critical appreciations; (4) Critically examining different payments for time not worked; (5) Strategic recommendations of the group based on their analyses. The outcome of the paper should be a better understanding of the practices of the firm and the ability to understand broad issues relevant to management of benefits and services in general. Each group will then make a formal presentation of the analysis in the class, with each member of the group getting an opportunity to deal with a section of the presentation. The total time allotted for each group will be thirty minutes. Further details shall be provided later in the course. The completed report must be turned in on the day the group makes its presentation. Class Debate: This is a college level course. All students are expected to actively participate in the Debate. Students are expected to be thorough and discriminating in the selection of articles for presentation. The Debate is a collaborative effort and requires group meetings and consensus on information to be used during the Debate. More details shall be provided later. The class project is a debate on Nationalized Healthcare. It is essential to understand the health crisis that our nation faces and to discuss, analyze and present alternatives to minimize the rising number of uninsured and under-insured, as well as, the cost of healthcare. Grading: Letter grades will be given for final course grade. Any grade less than a C will not count toward completion of the certificate program. 90-100 80-89 70-79 60-69 Below 60 A- to A B- to B+ C- to C+ D- to D+ F Attendance: You are expected to attend each class meeting. In the unlikely event that you must miss a meeting, you are accountable for the course material and class activities missed. Please notify the instructor in advance to make arrangements to make up this work. Missing class-meetings could result in an adverse effect on your grade. You must attend at least 80% of the class meetings in order to receive credit for the course. If you find you are unable to continue in the course, you must officially withdraw by notifying CSUN Extension in writing. In the event CSUN is not notified of your withdrawal, you will receive an F for the course. Page 4 Note: The reading and homework schedule is subject to change at the discretion of the instructor. Should any changes be necessary, every effort will be made to communicate them quickly to current students. It is the student’s responsibility to ensure he or she has the current schedule. Confidentiality of class discussions must be respected by all the students. You will be expected to read all assignments before class and be prepared to participate during the lecture portion each week. The book contains information critical to the class. Assigned readings will be supplemented with supporting lectures. Timetable SESSIONS 2/12 2/19 2/26 3/4 3/11 TOPICS, TASKS, READINGS Housekeeping, Course Introduction, Clarifying Mutual Expectations; Introducing Employee Benefits Readings: Chapter 1 The Economics of Employee Benefits Regulating Employee Benefits Readings: Chapters 2 & 3 RETIREMENT, HEALTH, and LIFE INSURANCE: Employer-Sponsored Retirement Plans Health Insurance Programs Readings: Chapters 4 & 5 RETIREMENT, HEALTH, and LIFE INSURANCE: Employer-Sponsored Disability Insurance and Life Insurance Structured Guidelines for Class Debate and Group Project Readings: Chapter 6 Quiz 1 RETIREMENT, HEALTH, and LIFE INSURANCE: Government- Mandated Social Security and Workers’ Compensation Programs SERVICES: Paid Time-Off From Work Readings: Chapters 7 & 8 Page 5 Timetable SESSIONS 3/25 TOPICS, TASKS, READINGS SERVICES: Accommodation and Enhancement Benefits Class Debate and Group Project - Update Readings: Chapter 9 Quiz 2 4/1 EMPLOYEE BENEFITS: DESIGN, IMPLEMENTATION, and GLOBAL ISSUES: Employee Benefits System Non Plans for Highly Paid and Executive Employees Global Employee Benefits Readings: Chapters 10, 11 & 12 Preparatory Work for Class Debate and Group Projects 4/8 4/15 Quiz 3 CLASS DEBATE GROUP PROJECT: PRESENTATIONS AND DISCUSSIONS 4/22 GROUP PROJECT: PRESENTATIONS AND DISCUSSIONS FINAL EXAMINATION