An overview of trends in employee benefits programmes

ArticleinManagement Research News 21(4/5):23-29 · May 1998with7 Reads
DOI: 10.1108/01409179810781482
Investigates employee benefits on offer in the USA. Acknowledges that several benefits (such as social security payments) are required by law but focuses on voluntary or discretionary benefits, which may or may not be taxable, such as child care. Explores the purpose of these benefits, particularly from the employ’s point of view, as a tool for offering incentives and increasing motivation. Provides a brief overview of the history of benefits in the USA, the benefits on offer, the cost of benefit packages to employers, and tax consequences. Notes that the traditional benefit package was based on a male worker with a non-working spouse and two children, which has not kept pace with demographics. Describes a typical household today as a two-income family with children, with increased life expectancy and more elderly people. Concedes that benefit packages are beginning to change, particularly in relation to elder care and child care. Terms pick and mix benefits packages as cafeteria-style benefit plans and outlines their advantages and disadvantages. Warns that more and more benefits are likely to be taxable.
  • [Show abstract] [Hide abstract] ABSTRACT: The main aim of this study is to illustrate a comparative analysis for the accounting reporting of “employee benefits” between the International Financial Reporting Standards (IFRS) and other accounting reporting standards. The empirical analysis is carried out in accordance with the Greek Generally Accepted Accounting Principles (GGAAP), with IFRS, following the implementation of International Accounting Standard (IAS) 19 “Employee Benefits” and with the U.S. Financial Accounting Standards (USFAS) 87. The sample consists of the 20 biggest listed entities in the Athens Stock Exchange (FTSE 20 index of the ASE). The contribution of the paper is to review the accounting reporting between different accounting standards, to a great extent, in order to find out the appropriate adjustments that have to be made for the treatment and presentation of employee benefits in the financial statements. The conclusions of the paper would be contributed to debate for the recognition of employee benefits on entities’ ac-counting statements in a more accurate way.
    Full-text · Article · Jun 2014

Recommended publications

Discover more