HR Benefits Package-This paper is a hypothetical benefits package for an assignment in Human Resource Management.

Benefits Package The SMC Company has traditionally only provided government mandated benefits. The company has determined that in order to attract and retain qualified employees that the must begin to provide additional employee benefit plans. Health & Welfare Plans The SMC Company understands the importance of having a healthy work force. The Human Resources Department recommends that the company begin to offer a Medical Insurance Plan to its employees. The company will fund the …

…wait until later to enroll for Part B if employment continues beyond age 65. Social Security retirement benefits and survivorship benefits are based on your contributions, it is important to make sure your Social Security record is accurate. Unemployment Compensation Should your employment be terminated, you may qualify for weekly unemployment compensation payments while you seek a new job. If you become unemployed, contact the State Dept. of Labor nearest you to determine whether you qualify.