State of Illinois Worker’s Compensation

State of Illinois Worker’s Compensation

• 1. Slide1 Compensation Law: Types and Benefits of Compensation in Businesses www.rondcoffelattorney.com
• 2. State of Illinois Worker’s Compensation State of Illinois Worker’s Compensation No one wants to work for half their life and get nothing for it. Everyone wants to be compensated in a way for a job well done. This is why some states have decided to create a programmed that is designated to do just that, an example is the state of Illinois worker’s compensation. You may not understand what this entails, as many also may not and that is what we would be discussing in this article but first, let’s talk about the state of Illinois work comp laws. www.rondcoffelattorney.com
• 3. Slide7 Illinois law ensures that employers provide their workers with adequate compensation insurance for almost every one of them hired, injured or has his/her employment localized in Illinois. About The Law www.rondcoffelattorney.com
• 4. What is Compensation? What is Compensation? This refers to any payment given by an employer to an employee during the period in which they are employed. The employee in return will give their time, labour and skills to the employer and the organization at large. It can be in any form; salary, wage, benefits, bonuses, paid leave, pension funds, stock options and so many more. In some places in the world like U.S and Canada, compensation can be referred to as remuneration. www.rondcoffelattorney.com
• 5. What are The Types of Compensation? What are The Types of Compensation? Depending on where your company is or where you are as an employee, compensation may be of different types. However, the major types include direct and indirect compensation. Before you think of compensating or creating a compensation plan, you must first understand the types, mainly because it is your duty and the organization's duty to explain the compensation plan to all the candidates and also the employees www.rondcoffelattorney.com
• 6. Slide12 www.rondcoffelattorney.com CONTACT US OUR BENTON LOCATION 502 W. Public Square Benton, IL 62812 Phone No. 6184392515 Email: roncoffellaw@frontier.com
• 7. Slide13 Thank You for Watching www.rondcoffelattorney.com