The document discusses various personal services and family friendly benefits that companies provide to employees. It describes credit unions that help with savings and loans, employee assistance programs for counseling services, and family friendly benefits like on-site childcare, eldercare, and flexible work arrangements. Flexible work arrangements can include flextime, compressed workweeks, job sharing, and telecommuting to help employees balance work and family responsibilities. The presentation aims to outline these benefits and policies for the audience.
3. Personal services
Many companies provide the sorts of
personal services that most employees
need at one time or other. These include
credit unions. Legal services ,
counseling, and social and recreational
opportunities.
4. 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.
5. Employees Assistance
Program(EAP)
Employee assistance program provide
counseling and advisory services, such as
personal legal and financial services
, child and elder care referrals , adopting
assistance , mental health counseling, and
life event planning. EAPs are increasingly
popular , with more than 60% of larger
firms offering such programs
6. Develop a policy statement
Define the program’s purpose , employee
eligibility, the roles and responsibilities
of various personnel in the
organization, and procedure for using
plan.
9. 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
10. 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
11. 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
12. The 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 Benefits Programs
13. Flexible spending accounts
Enable employees to pay for medical and
other expenses with pretax dollars by
depositing funds in their accounts from
payroll deductions
14. Flexible Work Arrangements
Flextime
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.
15. Positive effects on employee
productivity, job
satisfaction, satisfaction with work
schedule, and employee absenteeism.
Positive effect on absenteeism was
much greater than on productivity.
16. FlexibleWork Arrangements
Compressed workweeks
Increase productivity
• Less disruption from shift
changes
• Longer time-off-work periods
• Reduced absenteeism
17. 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.
18. Job sharing
Allowing two or more people
to share a single full-time
job
Other Flexible Work
Arrangements
19. Work sharing
A temporary reduction in work hours
by a group of employees during
economic downturns as a way to
prevent layoffs.
20. Telecommuting
Employees work at home using
telephones and the Internet to
transmit letters, data, and
completed work to the home o