gamemanual:howto_benefits
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gamemanual:howto_benefits [2022/02/02 14:37] – [Defined Benefits] admin | gamemanual:howto_benefits [2022/02/03 16:00] – [Union Approval] admin | ||
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A third party invests the group funds in the stock and bond markets. The funds grow or shrink based on their results. Your company covers any shortfall in funding. Shortfalls typically happen when there is a global economic slowdown or when the company does not invest enough money into the fund early. | A third party invests the group funds in the stock and bond markets. The funds grow or shrink based on their results. Your company covers any shortfall in funding. Shortfalls typically happen when there is a global economic slowdown or when the company does not invest enough money into the fund early. | ||
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+ | ==== How Pensions Work ==== | ||
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+ | We proved a basic overview of how pensions work just above, but how does it work for you, the CEO? | ||
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+ | As an employee works, they' | ||
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+ | For example, if an employee retires with a $3000/month salary and a 50% Employee Benefit Rate, they will be paid $1500/month when they retire. | ||
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+ | The game assumes a 20-year life span after retirement. Using the above example, you would pay that employee $1500/month for 20 years until they die. | ||
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+ | While you operate your company, you will put money into a pension fund. This is an investment fund managed by a third party. You may also have employees pay into this fund every month as well. Any retirement payments will come from this fund. If there isn't enough money in the fund, you will have to cover the difference with company funds. | ||
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+ | The payouts may sound like a lot, but pensions are rarely adjusted with inflation. At the same time, the money you put into a pension fund is invested and grows faster than inflation. | ||
===== Direct Benefits ===== | ===== Direct Benefits ===== | ||
+ | Direct Benefits are paid directly to the employee, and they can take advantage of it immediately. In the real world, these include things such as insurance, individual retirement plans (such as 401k), disability income, vacations, sick leave, tuition reimbursement, | ||
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+ | Unlike a pension system, the company has no responsibility after making the payment. In the game, you make an additional payment. These payments are a percentage of monthly wages each month. This type of employee benefits became more popular for both companies and employees in the modern era. | ||
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+ | ===== Benefits Demand Action Memo ===== | ||
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+ | {{ : | ||
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+ | Most often, you'll interact with the benefits system through the Benefits Demand Action Memo. This memo appears when your employees are becoming disgruntled with their retirements. Many times they become disgruntled when other companies are paying high benefits too. Then when you give more benefits to your employees, employees in other companies will start to want more. Starting a vicious cycle of ever-growing benefits as you try to keep employees happy. | ||
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+ | At the top of the action memo (#1), you'll find the department demanding more benefits and your current employee benefits settings for that department. | ||
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+ | You're given three different options. | ||
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+ | The first option is to meet their demands and pay them what they' | ||
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+ | The second option (#3) will open the Benefits Negotiation Window. From there, you can work out a better deal with the Union. You can possibly pay less or make the employees pay some too. Your administrative skills will be handy in the negotiations. We'll cover this window in more detail shortly. | ||
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+ | The third option is to ignore the Union' | ||
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+ | Finally, you can enable the Auto-Benefits system in the Auto-Command tools to automatically meet union demands. By doing this, you will not have to interact with the benefits system outside of funding your pension fund. This reduces the amount of work you need to do, while still playing with the benefits system enabled. | ||
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+ | ~~CL~~ | ||
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+ | ===== How to Access Benefits Negotiation Window ===== | ||
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+ | {{ : | ||
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+ | You also access the Benefits Negotiations Window via the Human Resource Department window in the office. To open this window, click the phone in the office (#1). Then click on the Human Resource button (#2). The Human Resources Department window will open. | ||
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+ | ~~CL~~ | ||
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+ | {{ : | ||
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+ | At the top right of the Human Resource department (#1) is the current benefits payment information. This includes the amount you pay out in direct and defined benefits, the percentage of wages, and your liabilities. The information is for the selected Human Resource department. | ||
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+ | To open the Union Benefits Negotiation Window, click the " | ||
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+ | ~~CL~~ | ||
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+ | ===== The Benefits Negotiation Window ===== | ||
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+ | {{ : | ||
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+ | At the top of the Union Negotiations window are buttons (#1) that allow you to switch between departments. Each department has its own benefits payout values. | ||
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+ | The first section below the top is the Direct Benefits system (#2). At the top center of this section, the game gives you the total monthly benefits for all departments, | ||
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+ | Just below that, you'll find a slider to the left and the new payout rates and monthly payments to the right. The direct benefits system is quite simple. Adjust the slider to increase the payout rate. That, in turn, will increase the number of benefits you're paying out each month. The Union has to approve of the changes before you apply them. We'll cover that shortly. | ||
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+ | The middle section (#3) is for the Defined Benefits (pension) system. The top left of this section shows your current Pension Liabilities, | ||
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+ | With the two sliders below that, you can adjust the pension fund payout rate (top) and the pension fees collected from employees (bottom). | ||
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+ | In the bottom section, you'll find the union demands and approval text (#4). We'll cover this a little more in-depth in the next section. To the right of that text is the "Apply Benefits" | ||
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+ | ~~CL~~ | ||
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+ | ===== Union Approval ===== | ||
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+ | {{ : | ||
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+ | The Union has a set of demands in the bottom panel. This does not mean that the Union isn't flexible. They' | ||
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+ | When the Union accepts an offer, the color of the text will change from red to green, and the text will change from "The Union will not agree to these terms." | ||
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+ | When you have a green text confirming that the Union accepts, you may click the "Apply Benefits" | ||
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+ | ~~CL~~ | ||
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+ | ===== Funding Pensions ===== | ||
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+ | {{ : | ||
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+ | ~~CL~~ | ||
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+ | ===== Pension Liabilities ===== | ||
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+ | {{ : | ||
+ | ~~CL~~ | ||
+ | \\ | ||
+ | \\ |
gamemanual/howto_benefits.txt · Last modified: 2022/02/15 18:00 by 127.0.0.1