What are the legally required benefit programs and explain three of them (e.g., Social Security Program, Family Medical Leave, and Workers’ Compensation)

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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What are the legally required benefit programs and explain three of them (e.g., Social Security Program, Family Medical Leave, and Workers’ Compensation)

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In this ever changing world, business too is evolving at a fast pace and thus need to keep pace will the number of options that are being provided for employee benefits. 

As per the U.S. Bureau of labour statistics, legally required benefit programs provides to the workers as well as their families with the income for retirement, medical care, minimises economic hardships that might arise due to lack of work or any sort of disability and the liabilities which arises from injuries or illness at workplace. 

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