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Employee Benefits in the US

  • March 2015
  • -
  • Timetric
  • -
  • 63 pages

Summary

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Synopsis
The report provides in-depth industry analysis, information and insights of the employee benefits in the US, including: overview of the state and compulsory benefits in the US, detailed information about the private benefits in the US, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the US.

Summary
The US social security system covers more than 90% of the total workers employed in the US. The motive of providing employee benefits is to support the economic security of an individual by insuring against unsure events, and to raise standards of living by providing desired services. Employee benefit programs also add to economic stability by helping to secure the population’s income and welfare, benefitting the economy as a whole.

Scope
This report provides a detailed analysis of employee benefits in the US:

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, supplemental security income, family and medical leave benefits, unemployment benefits and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in the US

Reasons To Buy
- Make strategic decisions using in-depth information related to employee benefits in the US.

- Assess the US employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in the US.

- Gain insights into key organizations governing the US employee benefits, and their impact on companies.

Key Highlights
- Employee benefits in the US are a partnership between employers, employees and the government. The social security system provides compulsory benefits for retirement, death, workers compensation, disability, medical, unemployment benefits, family and medical leave.

- The Old-Age, Survivors, and Disability Insurance (OASDI) program, also known as social security, covers most of the working population with the exception of government workers, some agricultural employees, family labor and others.

- In the beginning, the US social security covered only workers engaged in non-agricultural industry and commerce.
Currently, social security cover has been extended, and almost all employees are covered. If the work has been performed in the US then all the employees are covered, irrespective of their citizenship.

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