Benefirs Final Project

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Information about Benefirs Final Project

Published on August 18, 2009

Author: Worcester


Benefits Plan - Golden Gate University : Benefits Plan - Golden Gate University Pat Paulson MGT 341 - Benefits Administration Summer 2009 References : References GGU Webpage - Butz, Otto and Velia, A Voyage of Discovery - The History of Golden Gate University, Vol. III (1970-1992) Golden Gate University Press (2008) Interview with Terri Shultis, SPHR, Director of Human Resources Organizational Strategy : Organizational Strategy GGU’s business plan was to grow programs that met the expressed needs of business and industry (Butz, p. 390) Mission - In-person and/or virtual learning to change lives of adult students through professional practice degrees, certificates and lifelong learning. Values - these are reflected in the entire community, holds highest these principles: mutual respect for diversity of people and opinions teamwork and cooperation in ventures honesty in all communications continuous improvement in all agenda applied learning in all endeavors Health,Welfare Program & Benefits : Health,Welfare Program & Benefits Medical Dental Vision Supplemental Cafeteria Plan Work/Life Balance Plans (non-core and voluntary) Retirement Programs Medical Benefits : Medical Benefits Kaiser Blue Cross Dental/Optical : Dental/Optical Delta Dental Optical is embedded with other plans Supplemental Plans : Supplemental Plans Pension Dynamics covers FSA and commuter reimbursement Healthy Roads handles work/life balance issues Employee Assistance Program (EAP) Emergency Travel Assistance Life, AD&D and Dismemberment and Long Term Disability Tuition Remission/Tuition Exchange Program Retirement Plans : Retirement Plans TIAA-CREFF Prudential AIG Alignment of Program to Business Objectives : Alignment of Program to Business Objectives There are 263 full-time staff; 79 full-time faculty; 800 active adjunct faculty and approx. 400 part-time staff Benefits package caters to the employees’ needs since compensation is below market rates but in line with similar institutions, which accounts for a 15-20% employee turnover Full-time employees are given flex-credits to purchase the benefits that are conducive to their needs, thereby controlling costs. Employee gets to keep unused flex credits. These credits are configured into their total compensation. Components Not in Line With Business Objectives : Components Not in Line With Business Objectives Since many of GGU’s faculty are professional practitioners, their benefit needs are met by their primary employer. Some staff are covered under a collective bargaining agreement which governs the type of benefits they get.

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