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Free Employee Benefits Essays and Papers

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    Employee Benefits Essay

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    Employee benefits refer to any form of compensation provided by the organization other than wages or salaries that are paid for in whole or in part by the employer. Employee benefit has become a major component of employee compensation that can even determine whether an employee will take a particular job and remain in it or not (Amah, 2006). There has been a reduction in the benefits offered employees in recent times because of the hard economic times. This has not augured well with employees who

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    resource. Ranging from SMEs to big corporate houses all need good employee to see their business growing. Good employees are the priceless assets of the company. Companies offer employee benefits in terms of health or life insurance policies as gratitude to the worker’s effort. Also it helps the business owners to attract new and productive workers. Definition of “Employee Benefits” for employees: Employee benefits are like a benefit package for the employees. It helps them to plan for accidents like

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    Innovations of Employee Benefits

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    The succeeding paragraphs will explain how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. In order to maintain their competitive edge, companies need to fully understand that as the needs of their employee’s change, so does their benefit plans. Companies need to find innovative ways of engaging employees that encourage and support their commitment and improve their performance. The first way is by helping the company to attract and

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    INTRODUCTION BHP Billiton is a leading global resources company. Its vision has always been to create value for its long term shareholders through the holistic approach of natural resources, which involves 4 major steps, namely discovery of the natural resources, its acquisition, development and management of the natural resources, and finally marketing of the same. BHP Billiton is a global firm, with operations on a truly worldwide scale, and has been single minded committed in upholding its

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    Question 2: A company cannot be successful without the support from the employees. Therefore, there is a need to maintain a good moral workforce and provide different benefits to the employees. Benefit programs are essential and critical for employees especially when social security insurance does not cover short-term disability that results from a job-related accident. There are a lot of jobs with high risk where employees can get injured such as roofers, painters and electricians (Snell, Morris

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    Employee Benefits Required by Law The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide. These benefits include employer contributions to Social Security, unemployment insurance, and workers’ compensation insurance. Altogether such benefits represent about twenty-one and half percent of payroll costs. Social Security Social Security is the federally administered insurance system. Under current federal

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    Family Video Case Study

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    the last two years Family Video's employee retention has dramatically decreased. Employee retention has gone from sixty five percent to a staggering fifty two percent in the last two years. Family Video is currently growing at an average of sixty new stores each year. With this rapid growth Family Video must focus on how to increase the employee retention. Employee retention requires a whole lot more than just competitive salaries and great benefits. Employee recognition and pay based on performance

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    Employee benefits coordinator play a significant role in Human Resource Management. Employee Benefits coordinators are responsible for assisting with employee benefits, maintaining employee data base, managing all insurance billings and maintain employee files, sick pay, vacation and retirement. This study explores the importance of employee benefits to corporations, government agencies and non profit organizations. This paper also researches the effects on the management team and on individual employees’

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    Compensation and Benefit Systems Intrinsic Compensation and Discretionary Benefits Intrinsic compensation refers to ability of workers to gain pleasure from their accomplishments of their daily activities. This pleasure acts as their reward or compensation of what they have individually done. This has the effect of making the workers enjoy their tasks. On the other hand, workers sometimes receive rewards on top of their salary or wages. These rewards are not mandatory for one to receive. These

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    give the best of the best to its employee. Be it government employees or employees working in private sector, both gain various types of benefits from their organisations in the form of allowance. To make things clear, every company divides the salary of an employee into different parts. This is called salary structure where basic salary and other components are mentioned. A salary is divided into three parts basically- basic salary, allowances and retirement benefits. Each component has its own importance

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