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Forward Style, Inc. Employee Policy Memo

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Forward Style, Inc. Employee Policy Memo
LaQuenta Reynolds
University of Phoenix
HRM 548 Recruitment and Retention Practices
Jennifer Familant
Workshop 4
April 28, 2014

Forward Style, Inc. Employee Policy Memo
The purpose of this paper is to create and devise a memo for Forward Style, Inc.’s management. The company offers benefits, such as Private Retirement Plan, Medical insurance, Disability insurance, Social insurance, including Social Security, Unemployment insurance, Worker’s Compensation, Pay for time not worked, Stock options, Child Care, and Family and Medical Leave (FMLA) of 6 paid weeks and up to 6 additional unpaid weeks. After reviewing and evaluating the company’s incentives and benefits program, I will determine if legal requirements are being met by the company. I will accurately identify and explain which benefits are legally required and which benefits are being used to attract employees. Additionally I will explain how the offered benefits impact the organization.
Employee benefits are important to most employees. Therefore, benefits an employer offer can be a deciding factor for a potential employee in deciding whether or not to work for that company. According to the U.S. Small Business Administration, there are two types of employee benefits, such as benefits employers are required by law to provide and benefits that are optional for an employer to offer and or provide. Examples of required benefits include unemployment insurance, workers' compensation, and social security, whereas optional benefits include health stock options, child care, retirement benefits, and health care insurance coverage (The U.S. Small Business Administration, n.d.).

To: Forward Style, Inc. Management
CC: Human Resources – Forward Style, Inc.
From: LaQuenta Reynolds, Human Resource Manager
Date: 4/28/2014
Re: Employee Policy…...

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