Employee Benefits Design and Planning

Bashker “Bob” Biswas, Ph.D., is an Associate Professor at DeVry University and the Keller Graduate School of Management in Sacramento, California.   Dr. Biswas has more than 40 years of experience in total rewards management; finance; accounting; executive compensation; base, incentive, sales, and equity compensation; human resources strategy; human resources information systems; and international human resources and international compensation.   The companies he has worked for include Control Data, Bechtel, Memorex, Maxtor, Hitachi Data Systems, and BioGenex and Zain. Dr. Biswas has held positions at the director level and above since 1982. At Maxtor and BioGenex, he was a Vice President. While at Memorex and Zain, he worked out of London and the Middle East/ Africa, respectively. He has traveled to 40 countries on various projects related to compensation and benefits.   During his tenure in the Middle East, Dr. Biswas conducted total rewards and global human resources management seminars throughout the Middle East and Africa. He was a leading instructor in the Zain Human Resource Management Academy.   In addition, he has held consulting positions at Skopos Corporation (Skopos was a venture investment backed HRIS start-up co-founded by Dr. Biswas in 1983) and Coopers & Lybrand and PricewaterhouseCoopers. At C&L, he was a Director of Human Resource Consulting in the San Francisco office. He was also C&L’s National High-Tech Leader for Human Resource Consulting. At C&L, Dr. Biswas was responsible for the firm’s National Software Industry Compensation Survey. In total, he has provided compensation consulting to more than 50 companies.   Dr. Biswas has taught at various universities as an adjunct faculty since 1984. Dr. Biswas has authored and co-authored articles on human resources management. Dr. Biswas has presented at WorldatWork’s national conference and briefly taught in their certification program.   Dr. Biswas holds B.A., M.A., M.B.A., and Ph.D.   He has been a member of WorldatWork (American Compensation Association) since 1972.

Preface   xvii
Chapter 1: Setting the Stage   1
Chapter 2: Healthcare Benefits   27
Chapter 3: Healthcare Benefit Financing   73
Chapter 4: Other Risk Benefits   109
Chapter 5: Retirement Plans   151
Chapter 6: Other Types of Retirement Benefits   209
Chapter 7: Equity-Based Employee Benefit Plans   235
Chapter 8: International Employee Benefits   277
Chapter 9: Ancillary Benefits   309
Chapter 10: Employee Benefits Cost Management   337
Conclusion   349
Bibliography   353
Index   363