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Employee Benefits and Services
 

Employee Benefits and Services

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for Mgnt. 2 subject - Human Resource and Development

for Mgnt. 2 subject - Human Resource and Development

Pasig Catholic College

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    Employee Benefits and Services Employee Benefits and Services Presentation Transcript

    • Mgnt 2: Chapter 9 Employee Benefits and Services Prepared by: Jean F. Baylon BSBA4-Major in Mktg.Mgnt Instructor: Mrs. L. Fernandez
    • Fringe Benefits Types of Employee Benefits and Services Profit Sharing Plans
    • refers to the extra benefits provided to employees in addition to the normal compensation paid in the form of wage or salary.
    •  Premium Payments  Payment for special duties  Payments for health & Security benefits  Payment for time not worked  Payment for employee service  Other expenditure
    •  To create & improve sound IR.  To motivate the employees.  To provide security to the employees.  To protect the health of the employees.  To promote employee’s welfare.  To create a sense of belongingness.  To meet the requirements of various legislations relating to FB.
    •  Services related to the           types of work performed Eating facilities Transportation facilities Child Care facilities Housing Services Financial and legal services Purchasing Services Education Services Medical Services Outplacement Services Flexi time
    •  valuable option for businesses considering a retirement plan, providing benefits to employees and their employers
    •  Adopt a written plan document,  Arrange a trust fund for the plan's assets,  Develop a recordkeeping system, and  Provide plan information to employees eligible to participate.
    •  Participation  Contributions  Vesting  Nondiscrimination  Investing profit sharing plan monies  Fiduciary responsibilities  Disclosing plan information to participants  Reporting to government agencies  Distributing plan benefits
    • Gymnasium at Electronics city campus of Infosys at Bangalore is one of the largest gymnasiums in Asia and a mini golf course among others ... They even have boating and saloon facilities in their campus so that employees can relax and can take break in their hectic schedules. rest and recreation facilities such as a gymnasium, swimming pool, tennis, basketball and volleyball courts, in addition to cafeterias offering international cuisine RECREATION FACILITIES
    •  Food Courts, Health Club, Fitness Center with a special enclosure for Aerobics, Golf club. Amphitheatre, , a well-stocked Library, High speed connectivity, transportation facilities, stone-laid walking paths connecting each building (or one can use the bicycles provided to move around the campus) Medical facilities, Bank, ATMs, Travel Counter.
    •  The $120 million Infosys center  There's a Domino's Pizza, an infinity pool studded with palm trees, and a geodesic dome housing three movie theaters. But the real mission is teaching the Infosys Way to the 15,000 employees the fast-growing company hires a year--an average of 40 a day.
    •  AS PER THE LAST ANNUAL REPORT, INFOSYS SPEND LOT OF MONEY AS SCHOLARSHIP TO THE CHILDREN OF EMPLOYEES.
    • Measure to help employees to be proactive about their own health and well being", It is also called health assessment and lifestyle enrichment programme. (HALE PROGRAMME) Programme includes hobbies, interests, sessions for dance,aerobics, Yoga, painting, and Pranic healing.
    • health check-up facilities from simple tests to cancer screening. Lectures on eye care, stress management, skin care and good eating habits
    •  OFFSITE TRIPS.  CULTURAL PROGRAMMES ,FAMILY DAYS.  CHILL OUT EVENING PARTIES.  SHOPPING OPTIONS.  MEDICAL CENTRES AND ATMS.  HOSTELS, HOTELS AND DORMITORIES.  MULTIPLEX.  FOOTBALL AND CRICKET GROUNDS.  MULTIPLEX  FOOTBALL AND CRICKET GROUNDS
    • Payment made to a systems engg. In Infosys  Basic pay:Rs.7730  Fixed dearness allowance:Rs.1100  Basket of allowances(medical,children’s education        allowance,transport,HRA,LTA,miscillaneous allowances):Rs.10,470 Bonus Exgratia:Rs.1670 Monthly component:Rs.21978 Annual component:Rs.88 Retiral benefit(pf):12% basic pay + FDA:Rs.1060 Grativity:4.8% basic pay + FDA:Rs.425 Fixed gross salary:Rs.23551 Training performance linked incentive-(mark=5):15% (Rs.27084);mark=(4.5-5):12.5%(Rs.26495);mark=(4-4.5):10%(Rs.2590