Related Words

Employee Benefits Consultant: A specialist in employee benefits and insurance who is hired by a group buyer to provide advice on a health plan purchase.

Living Benefits: Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.

Key Employee: Under FMLA statutes, a key employee is defined as a salaried employee who is among the highest-paid 10% of all workers employed by the employer within a 75-mile radius. Under ERISA, a key em . . . View Full Definition

Management Consultant: An individual who works independently to assist and advise clients with managerial responsibilities regarding various organizational issues.

Other Income Benefits: While disabled, an employee may be eligible for benefits from other sources. Benefits payable under the Long Term Disability plan may be reduced by other sources of income such as Social Sec . . . View Full Definition

Out-Of-Area Benefits: Benefits the health plan provides to covered persons for covered services obtained outside of the network service area. The details of such benefits will vary from plan to plan.

Internal Temporary Pool Employee: A pool of former employees who are called upon and hired to fill temporary staffing needs on an as-needed basis.

Nonexempt Employee: An employee who does not meet any one of the Fair Labor Standards Act exemption tests and is paid on an hourly basis and covered by wage and hour laws regarding hours worked, overtime pay, etc.

Incremental Costs And Benefits: Average cost applicable to the issue of each additional unit of debt and equity.

Fixed Benefits: The ratio of net Property, Plant and Equipment book value to tangible equity, used as a type of efficiency ratio. Typical values for this ratio vary from one industry to another. Higher valu . . . View Full Definition