Benefits Plan
Delta Design Benefit Plan Design Analysis
Michael Lane
Benefits – HRM-599-14342
Keller Graduate School of Management
Professor Michael Ross
January 2013
Table of Contents
Organization Selection 3 Company Profile 3 Benefits Program 3 Statement of the Issue 5 Basic Issue 5 Purpose 6 Relationships 6 Literature Review 7 Academic Resources and Relationships 7 Issue Analysis 8 Analysis 8 Issue Solutions 8 Logical Solution 8 Pros and Cons 9 Solution and its Implementation 10 Addressed Problems and Solutions 10 Plan & Measurement 10 Justification 10 Pros and Cons 10 Conclusions 10 Course Materials 10 Reflection 10 Reflection Statement 10 Works Cited 11
Organization Selection
Company Profile The organization that I have chosen to analyze the benefits plan is Delta Design. Delta Design is a Cohu Inc. organization. “Cohu is a leading supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and closed-circuit television equipment. In 1972, the name Cohu Electronics, Inc. was changed to Cohu, Inc.” (Cohu, 2008). Cohu Inc. is comprised of five major organizations. These organizations are Delta Design, Rasco, BMS, Ismeca, and Cohu Electronics. Cohu Inc. is headquartered in Poway CA. Delta Design has major offices located throughout the world including California, Philippines, and Singapore.
Benefits Program Delta Design has many different benefits included in their plan as you can see in the below table. These benefits are the standard for the semi-conductor manufacturing industry. There are a few issues with the way that the benefits are disbursed. One major issue that they have is that the Education Re-imbursement plan has too many unneeded levels. Another issue with their plan is in the Paid Holiday plan. Delta Design – Benefits | Medical | Dental | Vision | Flex Spending Accounts | Employee Assistance Program | 401k Retirement Plan
Michael Lane
Benefits – HRM-599-14342
Keller Graduate School of Management
Professor Michael Ross
January 2013
Table of Contents
Organization Selection 3 Company Profile 3 Benefits Program 3 Statement of the Issue 5 Basic Issue 5 Purpose 6 Relationships 6 Literature Review 7 Academic Resources and Relationships 7 Issue Analysis 8 Analysis 8 Issue Solutions 8 Logical Solution 8 Pros and Cons 9 Solution and its Implementation 10 Addressed Problems and Solutions 10 Plan & Measurement 10 Justification 10 Pros and Cons 10 Conclusions 10 Course Materials 10 Reflection 10 Reflection Statement 10 Works Cited 11
Organization Selection
Company Profile The organization that I have chosen to analyze the benefits plan is Delta Design. Delta Design is a Cohu Inc. organization. “Cohu is a leading supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and closed-circuit television equipment. In 1972, the name Cohu Electronics, Inc. was changed to Cohu, Inc.” (Cohu, 2008). Cohu Inc. is comprised of five major organizations. These organizations are Delta Design, Rasco, BMS, Ismeca, and Cohu Electronics. Cohu Inc. is headquartered in Poway CA. Delta Design has major offices located throughout the world including California, Philippines, and Singapore.
Benefits Program Delta Design has many different benefits included in their plan as you can see in the below table. These benefits are the standard for the semi-conductor manufacturing industry. There are a few issues with the way that the benefits are disbursed. One major issue that they have is that the Education Re-imbursement plan has too many unneeded levels. Another issue with their plan is in the Paid Holiday plan. Delta Design – Benefits | Medical | Dental | Vision | Flex Spending Accounts | Employee Assistance Program | 401k Retirement Plan
Cited: Benson, G. S. (2004). You Paid for the Skills, Now Keep Them: Tuition Reimbursement and Voluntary Turnover. Academy of Management Journal, Benson, G. S., Finegold, D., & Mohrman, S. A. (2004). You Paid for the Skills, Now Keep Them: Tuitio315-331. Cohu. (2008). Cohu, Inc. Retrieved 01 13, 2013, from About Cohu: http://www.cohu.com/about/ Delta. (2008). Delta Design: Careers: Benefits. Retrieved 01 13, 2013, from Benefits: http://www.deltad.com/careers/benefits.htm Flaherty, C. (2007). The effect of Tuition reimbursement on turnover. A case study analysis (no. w12975). National Bureau of Economic Research. Jorgensen, H. (2009). Give Me a Break: The Extent of Paid Holidays and Vacation. Lawler, E. (2000). Rewarding excellence (Vol. 13). San Francisco: Jossey-Bass. Martocchio, J. J. (2011). Employee Benefits. McGraw-Hill Learning Solutions.