Describe employer obligations to employees.

Description should include

• mandatory benefits, based on the size and/or type of business
  • Social security
  • Medicare
  • unemployment insurance
  • workers’ compensation
• fringe benefits and incentives

• paid vacation
• sick leave
• retirement plans
• medical insurance plans.

Process/Skill Questions:

• What is the definition of benefit? What are some examples?
• How do these benefits vary with the size of a business?
• How is the amount of these obligations measured out to each employee?
• What is workers’ compensation, and how can it differ among businesses?
• Who administers the Social Security and Medicare programs?