| Author | Sharma, Anjani Kumar |
| Call Number | AIT Thesis no.IE-89-21 |
| Subject(s) | Employee fringe benefits--Asian Institute of Technology
|
| Note | A thesis submitted in partial fulfillment of the requirement for
the degree of Master of Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | The value of any employment condition in attracting better
employees, reducing employee turnover, and improving employees
morale and efficiency depends on the facilities provided by the
employer other than salary. Employee Benefit Plans can improve
employee’s morale and efficiency. The present study deals with
the AIT Insured Savings Fund which provides various benefits to
AIT employees. Past operation of the ISF has been analyzed and a
model is developed to calculate the net expenses of the Fund.
Insurance premium, medical expenses and administrative fee are
the major expenses of the Fund. Proposals were collected for
alternative medical and life insurance plans from different
insurance companies. These alternative plans were analyzed by
using the Interest Adjusted Cost Index method. Based on the
results of the analysis, medical insurance cannot be taken out
side at cheaper rates for the same benefits as compared to
existing Medical Benefits Plan, but cost of life insurance can be
reduced by transferring the contract to other insurer. It was
found that if ISF increases the liability for Self-Insurance
Plan, benefits to employees can be increased by reducing the
insurance expenses. |
| Year | 1989 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Engineering (IE) |
| Chairperson(s) | Tang, John C.S.; |
| Examination Committee(s) | Nagarur, Nagendra N.;Bohez, Erik L.J. |
| Scholarship Donor(s) | The Royal Netherland Government; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 1989 |