The direct benefits system is quite simple. Just below that, you'll find a slider to the left and the new payout rates and monthly payments to the right. At the top center of this section, the game gives you the total monthly benefits for all departments, the monthly amount you'll pay to factory workers, and their benefit rate as a percentage of wages. The first section below the top is the Direct Benefits system (#2). Each department has its own benefits payout values. This reduces the amount of work you need to do, while still playing with the benefits system enabled.Īt the top of the Union Negotiations window are buttons (#1) that allow you to switch between departments. By doing this, you will not have to interact with the benefits system outside of funding your pension fund. Your administrative skill affects the amount of morale decline.įinally, you can enable the Auto-Benefits system in the Auto-Command tools to automatically meet union demands. And if employees have low morale, that could lead to wage demands and strikes. This option may work, but it will give you a major hit to employee morale.
The third option is to ignore the Union's request. We'll cover this window in more detail shortly. Your administrative skills will be handy in the negotiations. You can possibly pay less or make the employees pay some too. From there, you can work out a better deal with the Union. The second option (#3) will open the Benefits Negotiation Window. The first option is to meet their demands and pay them what they're demanding to the left of the button (#2). Starting a vicious cycle of ever-growing benefits as you try to keep employees happy.Īt the top of the action memo (#1), you'll find the department demanding more benefits and your current employee benefits settings for that department.
Then when you give more benefits to your employees, employees in other companies will start to want more. Many times they become disgruntled when other companies are paying high benefits too. This memo appears when your employees are becoming disgruntled with their retirements. Most often, you'll interact with the benefits system through the Benefits Demand Action Memo. At the same time, the money you put into a pension fund is invested and grows faster than inflation. The payouts may sound like a lot, but pensions are rarely adjusted with inflation. If there isn't enough money in the fund, you will have to cover the difference with company funds. Any retirement payments will come from this fund. You may also have employees pay into this fund every month as well. This is an investment fund managed by a third party. While you operate your company, you will put money into a pension fund. Using the above example, you would pay that employee $1500/month for 20 years until they die. The game assumes a 20-year life span after retirement. We proved a basic overview of how pensions work just above, but how does it work for you, the CEO?Īs an employee works, they're guaranteed a percentage of their wages, called the Employee Benefit Rate in the game, to be paid when they retire.įor 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. Nearly every country, socialized or not, has direct benefits in some form or another, even if it's government-backed and guaranteed. While we understand not all countries have defined benefits these days, defined benefits were a big part of the early auto industry, and it is meant to balance the gameplay. Socialized retirements are implied by the wages you pay and have no bearing on your company as the government manages that money. If your country has socialized the retirement systems, you're just replacing private payments to the retirement system with a tax that goes to the retirement system.īecause of that, and the historical nature of private pensions predating most forms of socialized retirement systems, and the lack of business interaction with the socialized retirement systems, the game only implements privatized forms of retirements. However, almost all retirement systems in the world use these concepts. Some of the concepts of private retirement might sound foreign to those outside of the United States. In the game, we simplify these benefits into two categories, Defined benefits and Direct benefits. Paid vacations, health care, pensions, stock options, discounts, stipends, and payment to retirement funds are all examples of extra benefits employees may receive for their work. In the modern era, employees often get paid more than wages.