Viatical settlement: a new employee benefit
Article Abstract:
Viatical settlements provide terminally ill people with immediate access to much-needed cash. Under this system, the owner of an existing life insurance policy who has been certified to be terminally ill agrees to name a viatical settlement company as the irrevocable beneficiary of the policy, which then pays the policyholder as much as 50% to 80% of the face value of the policy. The company is responsible for honoring the premiums on the policy while the holder is still living and collects the face value of the policy upon the death of the holder. The arrangement is beneficial to terminally ill persons because it provides funds for living expenses, medical treatment and things that can make them comfortable before they die. In lieu of a viatical settlement, an individual can also choose to avail of accelerated death benefits, which can be used by people with less than 12 months to live.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Equality-driven employee involvement
Article Abstract:
A new model of Equality-Driven Employee Involvement has been developed through the collaboration of 14 European organizations. The creation of the model was inspired by problems encountered during implementation of positive action programs. The model considers new approaches to equality to hurdle obstacles such as the absence of a link between equality and commercial objectives, the creation of divisions within the workforce and the popular belief that equality is a human resource function. The model has four pillars of employee involvement which include information, knowledge, rewards and empowerment, foundations of a pluralistic organization and a performance measurement system.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Beyond the Steers and Rhodes model of employee attendance
Article Abstract:
In order to apply the Steers and Rhodes model of employee attendance, it becomes necessary to extend and modify it into a causal construct explaining employee absenteeism. While the Steers-Rhodes model remains a valuable approach to absenteeism, its specification problems, mixture of concepts and variables, and failure to substantively address key variables point to the need for a more comprehensive model. The extended and modified model is based on other research in the area of absenteeism and integrates factors related to organizational behavior and occupational health.
Publication Name: Academy of Management Review
Subject: Business, general
ISSN: 0363-7425
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: COBRA: a snake in the employee benefits garden. Computing employee stock option values with a spreadsheet
- Abstracts: Agile product development: managing development flexibility in uncertain environments. Research to product: a major U.S. challenge
- Abstracts: Organisational commitment in the temporary-help service industry. Responsibilities and rights at work
- Abstracts: Validating expert systems: a demonstration using Personal Choice Expert, a flexible employee benefit system. Cellular versus functional layouts under a variety of shop operating conditions
- Abstracts: Determination of an optimal set of design requirements using house of quality. Predicting safe employee behavior in the steel industry: Development and test of a sociotechnical model