Employee Benefits Essays

  • Employee Benefits for Employers

    564 Words  | 2 Pages

    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

  • Employee Benefits Essay

    892 Words  | 2 Pages

    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

  • Innovations of Employee Benefits

    1867 Words  | 4 Pages

    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

  • Importance of Employee Benefits in High-Risk Jobs

    870 Words  | 2 Pages

    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


    2387 Words  | 5 Pages

    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

  • Employee Benefits Required By Law

    6714 Words  | 14 Pages

    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

  • Family Video Case Study

    1718 Words  | 4 Pages

    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

  • Human Resource Management Case Study

    1475 Words  | 3 Pages

    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’

  • Intrinsic Compensation and Discretionary Benefits

    1157 Words  | 3 Pages

    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

  • Swot Analysis Of Aflac

    1214 Words  | 3 Pages

    above, one of the organization's nontraditional rewards is that they give nearby childcare services and on location fitness centers for their representatives. These rewards align with the corporate benefit of giving an improving and compensating work environment for their representatives. Aflac benefits also shows employees that they are valued and aligns with one its founding principles, which is to treat their employees with care, dignity and fairness (Reed, p. 4, 2009). By giving that advantage

  • Importance And Importance Of Compensation

    2163 Words  | 5 Pages

    order to support the retention of trained and experienced staff. Employees have always been concerned with salary however, there is a new focus emerging that looks at compensation as a whole entity. Monetary wages are now just as important as other benefits such as paid time off, medical and dental offerings and retirement. This paper will discuss the importance of the total compensation program which includes many aspects, not just salary. Attention must be paid to equal pay, pay

  • Sap Success Factor Compensation Case Study

    968 Words  | 2 Pages

    curve. For firms that implement high wage rate or incentive and award program, they are never in low supply of labor and this is because most workers are looking to work in such firms. These firms also benefit in term of low rate of turnover, increased loyalty and commitment to the firm, motivated employee, high performance, and less work-related disputes that could lead to litigations. Firms should understand that incentives should never always be in the form of monetary compensation. As highlighted

  • HR and the Competiton for Talent

    1567 Words  | 4 Pages

    Although there are several aspects that relate to the war for talent, this research briefly reviews a few of the strategies widely used by organizations to overcome the challenges they face: 1. Telecommuting 2. Voluntary Payroll Deduction (VPD) 3. Employee Engagement TELECOMMUNICATION Recent studies show that a major concern raised by employees is their work life balance. Telecommuting may not work for all types of busin... ... middle of paper ... ...gallup.com/consulting/File/126806/MetaAnalysis_Q12_WhitePaper_2009

  • Verizon Wireless's Benefits Package

    1742 Words  | 4 Pages

    as a result of lack of knowledge about how employee benefits packages in the wireless industry compare. Studies have shown that valuable employees and top talent candidates are highly influenced by employee benefits packages considered to be good (Paterson, 2013). The leadership team’s determination and call for organizational growth, translates to both retaining current employees and enticing new candidates to join, an area in which a top employee benefits package is a major contributor. With this

  • Choosing a Benefits Program

    1658 Words  | 4 Pages

    specifict benefit programs that the company offers, hence it makes sense to get rid of the benefit programs that some employees use and others do not use. The level of benefits provided must meet the needs or objectives of the employees and employers in order to attract employees' willingness to receive benefits instead of direct cash compensations. For company A, the characteristics of the workforce must be considered first when choosing the benefits. In this scenario, Sue is an old female employee whose

  • Case: Jeans Therapy – Levi’s Factory Workers Are Assigned To Teams

    757 Words  | 2 Pages

    leadership teams fail to plan for the human side of change. Levi’s should ”cultivate their human resources through careful selection and training of the best and brightest employees, implementing innovative team-based employee involvement programs, developing genuinely participate management approaches, and continually retraining their employees.” 3. Devise a team incentive plan that you think might work. “Successful process improvement activities depend

  • Business Case Study: Maple Leaf Shoes Company

    1345 Words  | 3 Pages

    The company would grant employees with a reward for their hard work. This would be beneficial for management and the employer as the employees are seeking the benefits of an increase in pay and the employer is able to sell more shoes. This could be monitored by a neutral grading system to ensure that employees

  • The Family and Medical Leave Act (FMLA)

    1004 Words  | 3 Pages

    serious health condition, or because the employee’s own serious health conditions makes the employee unable to perform the functions of her or her job. This paper will discuss the advantages and disadvantages to both the employer and the employee concerning this act. The current use of FMLA and management concerns over the FMLA will also be discussed. Employee Benefits & Disadvantages The FMLA benefits the employee by allowing an individual to take up to 12 workweeks off if their situation is one of

  • Wages And Wage Related Issues

    1548 Words  | 4 Pages

    look the wages and wage-related issues, employee benefits, institutional issues, administrative clauses, and make recommendation that will would prevent wage-related grievances from happening. Wages and Wage-Related Issues Wages and benefits are the key motivation that people go to their jobs every day; besides their hourly wage or annual salary, majority of employees have access to employer-sponsored health care coverage, paid vacation, and other benefits (Findlaw.com, n.d.). So, when it comes to

  • Walmart Compensation Package for its Employees

    1820 Words  | 4 Pages

    plan that most appropriate for this company. The paper will also cover internal and market consistent compensation systems, while evaluating the current pay structure and recognition of employee contribution. Furthermore, the paper will recommend two ways to improve discretionary benefits while evaluating the employee- sponsored retirement plans and health insurance program provided by the company. Compensation can empower some companies to motivate and satisfy employees while remaining competitive