Employee Benefits in the United States of America (USA), 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Employee Benefits in the United States of America (USA), 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Summary

The US social security system covers more than 96% of the total workers employed in the US. The motive of providing employee benefits is to support the economic security of an individual by insuring against unsure events and to raise the standard of living by providing desired services. Employee benefit programs also add to economic stability by helping to secure the population’s income and welfare, benefitting the economy as a whole.

The report provides in-depth industry analysis, information, and insights of the employee benefits in the US, including an overview of the state and compulsory benefits in the US, detailed information about the private benefits in the US, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the US

Key Highlights

• The Social Security Administration, Treasury and Department of Health and Human Services are responsible for the functioning of the overall social security system
• A person’s national insurance contribution is determined based on their income.
• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
• In the US, employers provide voluntary retirement benefits to their employees through supplementary retirement benefits and profit sharing plans.

Scope

This report provides a detailed analysis of employee benefits in the US -

• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, Supplemental Security Income, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in the US

Reasons to Buy

• Make strategic decisions using in-depth information related to employee benefits in the country
• Assess employee benefits of the market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in the country
• Gain insights into key organizations governing employee benefits market, and their impact on companies