Presentation on personal services n family friendly benefits
Presentation On Personal Services and Family Friendly BenefitsPresented to:Sir Ahmad Tisman PashaPresented by: Muhammad Faheem-ul-Hassan BIT -09-20 3rd semester
Personal servicesMany companies provide the sorts ofpersonal services that most employeesneed at one time or other. These includecredit unions. Legal services ,counseling, and social and recreationalopportunities.
Credit Unions Credit unions are usually separate business established with the employer’s assistance to help employees with borrowing and saving needs. Employees usually become members by purchasing a share of the credit union’s stock for a small fee– perhaps $5 or $10. Members can then deposit saving that accrue interest at a rate determined by the credit union’s board of directors. Loan eligibility and the loan’s rate of interest are usually more favorable than those of banks and finance companies.
Employees Assistance Program(EAP)Employee assistance program providecounseling and advisory services, such aspersonal legal and financial services, child and elder care referrals , adoptingassistance , mental health counseling, andlife event planning. EAPs are increasinglypopular , with more than 60% of largerfirms offering such programs
Develop a policy statementDefine the program’s purpose , employee eligibility, the roles and responsibilities of various personnel in the organization, and procedure for using plan.
Ensure professional staffingConsider the professional and state licensing requirements
Maintain confidentialrecord-keeping systems Everyone involved with EAP, include supervisors, secretaries ,and support staff, must understand the importance of confidentiality.
Be aware of legal issues In most states counselors must disclose suspicious of child abuse to appropriate state agencies. Get legal advice on established the EAP, carefully screen the credentials of the EAP staff, and obtain professional liability insurance for the EAP
Family –Friendly Benefits Benefits such as child care and fitness facilities that make it easier for employs to balance their work and family responsibilities. It balancing the pressure of work and family life
Family-Friendly Benefits On-site or subsidized child care Elder care Fitness and medical facilities Food services Flexible work scheduling Telecommuting Educational subsidies Loan programs for home office equipment
Flexible Benefits ProgramsThe cafeteria (flexible benefits) approach Each employee is given a benefits fund budget to spend on the benefits he or she prefers. The fund limits the total cost for each benefits package. Core plus option plans establish a core set of benefits which are mandatory for all employees.
Flexible spending accounts Enable employees to pay for medical and other expenses with pretax dollars by depositing funds in their accounts from payroll deductions
Flexible Work ArrangementsFlextime A plan whereby employees’ workdays are built around a core of mid-day hours when all workers are required to be present. Workers can arrange their own starting and stopping hours before and after the core period.
Positive effects on employee productivity, job satisfaction, satisfaction with work schedule, and employee absenteeism. Positive effect on absenteeism was much greater than on productivity.
Flexible Work Arrangements Compressed workweeks Increase productivity • Less disruption from shift changes • Longer time-off-work periods • Reduced absenteeism
Longer workdays; fewer workdays: • Four-day workweeks, with four 10- hour days. • Two days on, two days off, three days on, then two days off, two days on, and so forth. • Three 12-hour shifts, and then off for the next four days.
Other Flexible Work Arrangements Job sharing Allowing two or more people to share a single full-time job
Work sharing A temporary reduction in work hours by a group of employees during economic downturns as a way to prevent layoffs.
TelecommutingEmployees work at home using telephones and the Internet to transmit letters, data, and completed work to the home o