Mgnt 2: Chapter 9
Employee Benefits and
Jean F. Baylon
BSBA4-Major in Mktg.Mgnt
Instructor: Mrs. L. Fernandez
Types of Employee Benefits
Profit Sharing Plans
refers to the extra benefits
provided to employees in
compensation paid in the form
of wage or salary.
Payment for special duties
Payments for health & Security
Payment for time not worked
Payment for employee service
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
Child Care facilities
Financial and legal services
valuable option for
to employees and
Adopt a written plan document,
Arrange a trust fund for the plan's
Develop a recordkeeping system, and
Provide plan information to employees
eligible to participate.
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
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 includes hobbies, interests,
sessions for dance,aerobics, Yoga, painting,
and Pranic healing.
health check-up facilities
from simple tests to cancer
Lectures on eye care, stress
management, skin care and
good eating habits
CHILL OUT EVENING PARTIES.
MEDICAL CENTRES AND
HOSTELS, HOTELS AND
FOOTBALL AND CRICKET
FOOTBALL AND CRICKET
Payment made to a systems engg. In Infosys
Fixed dearness allowance:Rs.1100
Basket of allowances(medical,children’s education
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%