Employee Benefits

by Kneeland A. Godfrey, Jr., (M.ASCE), Editor; Civil Engineering Magazine, ASCE World Headquarters, 345 East 47th Street, New York City, NY.,

Serial Information: Civil Engineering—ASCE, 1975, Vol. 45, Issue 1, Pg. 76-78

Document Type: Feature article

Abstract: Innovative emplovers are re-designing their employee benefits so as not only to keep up their competition, but also as employee-motivation tools that benefit both employee and employer. One firm turns unused sick leave into a vacation, unused vacation into cash. Another has a pension plan with immediate vesting-employer's contribution belongs to the employee from day one. A 4 day work week is in use by a third—gives a 3-day weekend. One company is owned solely by employees—who by purchasing stock can build up a very nice retirement fund.

Subject Headings: Employment | Employee benefits | Salaries |

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