What are the three basic employee benefits required by law?

Study for the Penn Foster Principles of Management (BUS 110) Test. Review core concepts with flashcards and multiple-choice questions, each offering hints and explanations. Prepare effectively for your exam!

The three basic employee benefits required by law are workers compensation, social security, and unemployment insurance.

Workers compensation provides financial support and medical benefits to employees who are injured on the job, ensuring they receive care and financial assistance while they recover. Social security is a federal program that provides benefits to retirees, disabled individuals, and survivors of deceased workers, helping to ensure a level of financial security during retirement or times of significant personal hardship. Unemployment insurance offers temporary financial assistance to eligible workers who have lost their jobs through no fault of their own, giving them time to find new employment without facing immediate financial distress.

These benefits are mandated to protect employees and provide a safety net during various challenges, reinforcing the government's role in safeguarding workers' rights and welfare.

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