Hierarchy of management that covers different levels of management
Benefits And Benefits Of Compensation Packages
1. Benefits And Benefits Of Compensation Packages
What is a compensation packages? Compensation packages are a group of different benefits that employees gain for employers. Compensation is
needed for every business no matter what it is to be successful; I do not know anyone who would work for free. ("Cost–benefit analysis assesses the
profitability of a financial endeavor by considering the present value of each cost and benefit. Present values are used under the assumption that money
available now is worth more than money in the future. That is generally true in an economy with positive inflation, so values need to be discounted for
this effect. Cost–benefit analysis use ratios for assessing the investment, but a positive cost–benefit ratio does not necessarily mean you have a positive
expected return.") ("How to Determine Whether the Cost–Benefit Ratio Is Positive or Negative | Chron.com," 2015) Cost benefits are use to compare
programs with many different units of programs. Cost– benefit ratio gives an indication stating if the benefits given outweighs the company. As far as
cost benefit ratio this is what I found researching, ("A total of 148 patients acquired NI (88 before and 60 after the intervention). The Mantel–Haenszel
stratified relative risk for NI in the period before the infection control program, compared with the postintervention period, was .61 (95% confidence
interval: .53–.69). By applying the preintervention stratum–specific rates of infection to the days–at–risk in the postintervention period, an
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2. Benefits For Part Time Workers
Case Study 3:
Benefits for Part–Time Workers
Ken Davis
Liberty University
Introduction In this weeks' case we have Jackson, Smith and Henderson (JSH) Certified Public Accountants (CPA) one of the fastest growing CPA
firms in the area. The firm has "just under 100 employees" (Martocchio, 2015, p.260) of which two have requested part–time statues. The firm had
already considered hiring additional part–time workers, consequently the firm need to make a Human Resource (HR) decision, to decide when and
should the company extend the benefits to part–time workers. Therefore, understanding what the Employment and Labor Laws prior to the offering of
extended benefits to part–time employees should be the first place to start ... Show more content on Helpwriting.net ...
When a company is deciding to make an innovative change or extended benefits to part–time employees, strict compliance is required according to the
Fair Labor Standards Act (FLSA) and the U.S. Department of Labor (Martocchio, 2015). Tiffani Clement (2011) published an article, "Does my
business have to provide part–time employees with benefits?" she writes about the required benefits that employers must extend to part–time
employees. For instance, newly added HR Director Alan Jones must address whether or not his company can afford to offer extended benefits to
part–time employees.
Three Factors for Consideration Bearing in mind some firms are hiring interims, staffing services and part–time employees through temp agencies. It is
no surprise in this case that a recent compensation survey of business in the local geographical area included information about benefits (Martocchio,
2015). Part–time employment are more readily available because it is considered "hidden unemployment," says, Chris Tilly, a professor at UCLA, for
instance, if a person works 20 hours a week, but wants 40 hours, that unfulfilled time is spent unemployed (Gillespie, 2015). Utilizing the prior options
above can save the company money, plus some part–time employees are hired at the entrance level pay, therefore saving the company certain work
benefits. Although, the company may utilize the services of a staffing service and or temp agency,
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3. Innovations of Employee Benefits Essays
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 retain talent. A company is only as good as its workforce so having an innovative benefit plan
will help to attract high potential candidates and also retain them within the organization. McKeown, J. (2002) states that, "Effective retention begins ...
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The third way is to help the company to increase productivity. Employees can tend to lose focus on their work when they are having issues with their
personal life. An innovative benefit plan can afford employees with the flexibility to handle these issues in order to give the employees more
availability to concentrate on their work. This also causes employees to believe that their company cares for their overall wellbeing, creating loyalty
amongst the employees which will in addition increases overall productivity, but retention as well.
The fourth way is to help the company increase employee commitment and engagement. In addition to increasing productivity, companies want to
ensure that their employees are committed and engaged to the organization. This will produce employees that put more effort and take pride even in
the smallest of tasks, employees that are constantly thinking of ways to better improve their productivity, and employees that motivate and inspire
other employees that may have a negative attitude about the organization.
The fifth way is to help the company to reduce health care costs. The lack of control and employee has over their own job has been believed to lead
to serious health conditions. Employers are coming to the realization that in order to get a handle on health care issues, they need to take a more active
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4. Employee Benefit Plan Development : Employee Benefits Essay
Employee Benefit Plan Development "Understanding your employee's perspective can go a long way towards increasing productivity and happiness" –
Kathryn Minshew, founder of The Muse. In today's highly competitive and robust job market, benefit programs have become an integral aspect of an
employer's total compensation package. In fact, an employer's total benefit package plays just an important role in attracting and retaining talent for
organizations as monetary compensation, according to a recent Glassdoor survey (Chamberlain & Tain, 2016). Given the important role benefit plans
play in attracting and retaining talent as well as their impact on employee engagement and happiness it is critical that employers empower their benefits
specialists to design a total benefit package that functions in such a way that it ensures the organization is not only in compliance with legal guidelines,
but also gives the company a competitive advantage within the labor market it competes in. Furthermore, they should be responsive to the
organization's employee's needs, as well as any changes in the organization's competitive environment. Employee benefits are a key aspect of an
organization's total compensation package (Martocchio, 2010). An employer's total compensation package is defined by Martocchio (2010), as "both
the monetary and nonmonetary rewards" offered by an organization (p. 7). The most visible aspect of any total compensation package, is core
compensation (Martocchio,
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5. Benefits Of Developing Marketing Strategies
When developing marketing strategies, using a benefits approach is often considered the best way to go. Because of this, the advantages of a
features approach, or even a combine approach, are overlooked. This report looks deeper into both a benefits approach and a features approach in
order to determined which approach is the best option for Big Iron. In order to answer this question, several questions were addressed: what are the
advantages to a benefits approach; what are the advantages to a features approach; what are the disadvantages to strictly using one approach, and; what
are the benefits to using both? In order to answer these questions primary research, analysing the major automobile manufacturer's advertisements, was
conducted. Ten ads from a variety of companies were analysed by asking the questions: what type of approach, benefits, features or both, are the major
vehicle manufacturers using in their advertisements; What are the benefits appealing to, and; what do the features say about the products? Determining
the target audience was also a part of the analysis, as all are advertisements should be audience specific. Secondary research was also conducted in
order get a better understanding why the major automobile manufactures prefer a specific approach. Based on the research that was conducted, it is
recommended that Big Iron use both a benefits approach and a features approach for number of reasons. 1. Both a benefit and features approach, have
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6. Benefits And Benefits Of Social Security
In Bonnie Smith–Yackel's essay My Mother Never Worked she passionately defends her mother after Social Security refuses to grant her death
benefit check. Yackel does not realize that Social Security fairly distributes benefits to contributing Americans. Social Security was reasonable to not
granting benefits to a woman who never contributed as a wage earner. Hence it would not be fair if benefits are granted to a fraud who never paid
wage taxes compared to wage earners who do. Americans who abuse Social Security benefits by committing fraud is unethical and not to mention
illegal. Americans that are in desperate need for Social Security benefits require it far more than frauds. By eliminating fraud the government can
properly grant social benefits to hard working Americans. Social Security benefits should be permitted to Americans that work and provide back to
their country or they are disabled. Also, hard–working citizens that pay their duties will receive back from benefits, including employees that are
qualified as disabled. Benefits should not be granted to any citizen that makes no contribution to their country such as, tax deductions from their wages.
Furthermore, Social Security needs to reach out to the majority which is the poverty–stricken. By informing the impecunious or immigrants of Social
Security it could save them from the misfortune of poverty. Even though, Social Security relieves some citizens from a financial burden there are still
many improvements to be
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7. Benefits : The Changing Nature Of Benefits
Benefits: The Changing Nature of Benefits
Project Report
Annya Johnson
Human Resources Management
Mid America Christian University
Introduction
Employee benefits are an implement used by businesses to attract potential candidates, improve employee satisfaction, reduce turnover, and maintain
competition. Benefits that most employers offer include, but are not limited to, medical and dental coverage, time away from work, retirement, and
additional assistance during life changing events. Much of employers in the United States offer benefits to their employees and include an annual
enrollment yearly to select benefits and make any needed changes. Employee benefits can improve the overall competitive compensation approach of
the organization. ... Show more content on Helpwriting.net ...
In the 1930s, the Wagner Act suggestively increased the ability of labor unions to organize workers and bargain for better wages, benefits, and working
conditions. Labor unions from the 1930s to 1950s took advantage of the favorable lawful environment and negotiated for new employee benefits that
have since become common in both unionized and non–union companies. Federal and state legislation requires companies to offer certain benefits to
employees. Finally, employers may find themselves at a disadvantage in the labor market if they do not offer competitive benefit packages. In the
United States, legislation requires practically all employers to offer the social security benefit, unemployment insurance, and workers ' compensation
insurance. Larger companies, which usually consist of fifty or more employees, are also required to offer employees an unpaid family and medical
leave benefit.
Firstly, there is the social security benefit which the Social Security Act of 1935, as amended, provides monthly benefits to retired workers who are at
least sixty–two years of age, disabled workers, and their eligible spouses and dependents. The social security benefit is financed by contributions
made by the employee and matched by the employer, computed as a percentage of the employee 's earnings. Monthly benefits are based on a worker 's
earnings, which are adjusted to account for wage inflation. The Social Security Act also provides Medicare health insurance coverage for anyone
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8. The Benefits Of L-Theanine
The Benefits of l–theanine What is L– (–– removed HTML ––) ? Ll–theanine is a structural analogue of the basic amino acids glutamic acid and
glutamine. While it is a non–essential amino acid, l–theanine is structured similarly to one. The "L' in the name stands for "levo" as opposed to
"dextro." There is actually a "handedness in molecules. The "levo" molecules are left–handed and the "dextro" molecules are right –handed. Leftand
right–handed molecules have different properties. L–theanine is one of many supplements used for medicinal purposes, l–theanine can be purchased in
capsule form or taken in tea. Its safety is generally accepted. L–theanine is an example of ancient Chinese knowledge from 4700 years ago that
continues to benefit our... Show more content on Helpwriting.net ...
It is conceivable that the amino acid would modulate the activating effects of the stimulant while synergistically enhancing the individual's ability to
focus attention. L–Theanine and: Alcohol When taken with alcohol, an l–theanine supplement reduces the liver enzyme elevation ordinarily noted
following alcohol ingestion. The implication is that l–theanine prevents the production of alcohol–induced free radicals and is effective against
long–term liver damage often noted with heavy alcohol use. Additional interactive effects of l–theanine and alcohol include lowered alcohol tolerance.
Drinkers report it requires fewer drinks to reach a state of intoxication than usual. Many people also report feeling less hung over after a night of heavy
drinking. Anecdotal reports indicate that taking l–theanine the day after a drinking binge will "cure" the resulting hangover. L–Theanine and: 5–HTP A
precursor of the neurotransmitter serotonin, 5–HTP, or 5–hydroxytryptophan, is found as a stand–alone supplement, or combined with other
supplements, including l–theanine. These supplements act to boost GABA levels in the brain. Increased levels of GABA may be expected to result in
a subjective sensation of reduced stress and increased
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9. The Physical Benefits Of Gymnastics
Ever since I was little I've always looked up to my Aunt Katherine. I had wanted to be a cheerleader just like her. I loved all the cool stunts, jumps,
dances, and the gymnastics incorporated into it. My favorite part has always been the gymnastics part. I have always been fascinated by its beauty
and gracefulness. Over the course of my experiences I've learned that gymnastics can benefit one's day to day life physically, mentally, and socially.
There are several physical benefits by one doing gymnastics. Gymnastics can benefit you physically in your coordination. Little kids who do
gymnastics teach there eyes the proper coordination that you need to read. Therefore these kids have an easier time learning how to read and they learn
how ... Show more content on Helpwriting.net ...
With this newfound politeness one benefits in being more respectful and many other things. Therefore one is better listeners. One is not only a better
listener but is also more disciplined.
One does not only socially benefit in there politeness but they also benefit in there communication skills. One who does gymnastics is less likely to be
antisocial and many other things. There not only less likely to become antisocial and many other things but they also learn communication skills.
Communication skills is important quality and aspect for getting a job. One learns how to handle conflict and relate positively. Positively relating to
others is not the only communication skill obtained. One also learns how to work with others. One does not only benefit in there politeness and
communication skills from gymnastics but also in there interactions. One who does gymnastics works and interacts with a wide range of different ages
causing one to gain a social maturity which is not gained from endless hours of T.V and video games.
("What Are the Benefits of Gymnastics for Kids?", "Top 10 Benefits of Gymnastics", "What Are the Health Benefits of Gymnastics?")
One not only benefits physically and socially from gymnastics but also mentally. The interactions with a wide range of different ages not only causes
social maturity but also friendships with the older kids. This friendship boost a child's self esteem. With an increase in one's self esteem it reduces
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10. Benefits, Wellness And Accessibility Officer
Job Description
Job Identification
Title: Benefits,Wellness and Accessibility Officer
Job category: Full–time
Department: Human resources
Reporting relationship: Reports directly to human resources manager
Physical location: Head office
Safety hazards: None
Summary
The benefits, wellness and accessibility officer is required to perform the executive–level tasks of reviewing and processing benefit and wellness
claims. The officer is required to maintain updated records of all applications and claims from employees. The officer needs to communicate and
negotiate with insurance providers for efficient processing of claims. The officer will also perform informative role in the organization by responding
to the queries and information needs of employees about the benefits and wellness programs offered by the company.
Duties and Responsibilities
The jobholder will be required to perform the following duties and responsibilities and other duties at the appropriate level as assigned by management.
Stays updated about the policies and procedures of the company with regard to processing claims
Assesses benefits claims from employees in line with organizational practices and criteria
Negotiates with insurance companies to obtain comprehensive insurance coverage
Evaluates insurance and benefits providers regularly in accordance with the prescribed evaluation criteria
Assists new employees by opening up their accounts and explaining the benefits and wellness plans of the
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11. Benefits And Benefits Of Employee Benefits Essay
Employee benefits are all forms of consideration given by an enterprise in place of service rendered by employees. Post employment benefits are
employee benefits which are payable after the employment period is completed. Profit sharing & bonus payment: an organisation should observe the
future cost of profit sharing and bonus payments only if the organisation has a present obligation to make these payments based on the result of past
events. A trustworthy assessment of the obligation can be made. In some profit sharing plans, the employees would receive a particular share of the
profit only if they continue with the organisation for a specified period. There are numerous natural advantages to furnishing your workers with an
exhaustive advantage arrangement. For most, it is the capacity to discover and keep exceptionally qualified staff that is the key driver. With the
segment being exceedingly aggressive and the quantity of new employee entering the workforce waning, businesses are tested to wind up
significantly more imaginative and responsive in the outline, timing and liberality of their advantage arranges. The more dynamic the association, the
more adaptable the structure is in light of today 's difficulties: i.e. like having four distinct eras of employee working next to each other. Bosses who
keep on providing the more conventional and constrained system, may think that its more hard to discover and keep diverse sorts of employee. Here
are some of the upsides of
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12. Benefits Of A Successful Business
In order to have a successful business, businesses need to find a way to keep employees motivated to do their jobs and increase work satisfaction. This
is undeniably crucial for a business to continue to be profitable. Some solutions to this problem are incentives, having a good work environment, and
showing appreciation.
When employees perform poorly by not doing their job or not doing their job well, it reflects negatively on the business. Customers who are not
satisfied, may complain and may not return. Customers can also discourage others from going to that particular establishment by telling their friends
about their terrible experience. The business then loses money from that customer and that customers friends who now do business with the
competition. That business may now have a "bad reputation" that started from that one customer's negative experience (Deeb).
By keeping employees pleased and excited at their jobs, they tend to perform better than those employees who are not please at their job. In an
article written by John Waggoner, he wrote, "If a company treats its employees well, the business should prosper...." So in other words, the business
makes money if the employees are pleased. Employees who are given incentive tend to perform better at their jobs than people who do not receive
incentive. Google is an example of a company that is highly successful and is known for having generous benefits for their employees to par take. The
stock at Google has climbed
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14. Total Compensation Benefits
Discuss what you think is the most important benefit, and why?
The most significant benefit is "Total compensation package, or total rewards," because they include far more than salary. Total compensation also
includes the indirect benefits that result, such as 401(k) plans, vacation time, holiday pay, and healthcare coverage. When acompany offers employees
an attractive compensation package, they create an enjoyable environment in which workers want to work, and often stay longer with the enterprise
(Dessler, 2008), and (Lecture Notes, 2015).
Has your opinion changed over the years? Why or why not?
Yes! When I was much younger, I was more attractive to cash benefit versus the total compensation plan. Over the years my preference has changed.
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15. Benefits Of The Military Essay
Military Benefits: Lasting Beyond a Lifetime
The military is shrouded with images of hand–to–hand combat, blood, gore, and depression; but what of the other side of the story? It is known that
over millions of men and women have joined the military, but is a bold passion for your nation the sole reason to join? The answer is no. There are
numerous benefits to joining the military aside from the privilege to serve our great nation. These benefits range from the pay, financial assistance, free
education, character refinement, to good retirement.
The military is not notorious for its ability to pay in abundance; however, after considering the additional payments that the military offers, the pay
may seem more appealing. Just like with civilian employees who get paid more depending on how long they stay with an employer and the duration
of their education, those in the military are paid in the same way. For instance, officers in the military are required to have an extended education
depending on their path, while those who are enlisted are only required to at least have a GED. Hence, a commissioned officer ranked as an O–8 who
has served for 2 years is paid roughly 10,487.70 dollars a month, while an enlisted member who has served 8 years and ranked as an E–8 is paid
roughly 4,136.10 dollars a month. This is only basic pay though, the military also offers special pay for those with specialized or hazardous jobs, and
allowances. Military allowances are given to those in service
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16. Considerations for Compensation and Benefits
Considerations for Compensation and Benefits
Abstract
Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason, another
performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in
formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board, 2011). As
another critical service of HR experts, this document will explore the types of benefits and compensations companies use to meet certain criteria of
employees. This work will also provide insight on the ways in which these packages are designed to attract ... Show more content on Helpwriting.net ...
It is not uncommon for these organizations to base pay grades on knowledge or skills of the employee (Forsyth, 2012).
Other approaches to generating the compensation and benefits plan may include a balanced sheet approach, global market approach, or even a tax
equalization approach. Independent of these concepts, though, Human Resources professionals follow a particular set of equations for generating
compensation (Forsyth, 2012). The following chart reflects the metrics for compensation from the HR perspective: (Forsyth, 2012).
Private and Public Sector Packages Another, yet debated, topic that affects compensation and benefits will be the sector of the job. By this, we are
looking at private and public sector jobs. Public sector jobs are those which are owned and operated by the government. They may be non–profit
organizations. Private sector jobs are those which are provided by citizen–owned, for–profit, organizations. It has been debated for years as to whether
public sector employees are compensated more "fairly" than private sector employees. However, if you consider the unlimited resources of the
government–owned organization versus that of the privately owned company, it would seem more understandable as to why this variance exists. While
both private and public sectors may have similar policies, or indirect compensations and benefits, they may vary in terms of time. For
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17. Compensation and Benefits Essay
Course Project The Compensation and Benefits of the Dooly County School System [pic] Renee Bowens HRM430 Professor Eureka Hampton
August 16, 2009 DeVry University Abstract This report will show what compensation and benefits are offered to the employees of Dooly County. It
will also show how a sick leave bank would benefit the employees that have exhausted their sick and personal leave days in order to care for
themselves or their families. I hope this paper will show readers that although Dooly County is a small rural county, they can compete with other school
systems with their compensation and benefits. The Dooly County School System is a small organization that employs from 200 to 300 employees.
These employees... Show more content on Helpwriting.net ...
The superintendent, directors, principals, clerical staff, and maintenance workers receive ten (10) days vacations. Custodians that are twelve–month
employees receive five (5) days paid vacation. Twelve–month employees receive their vacation days at the start of the new fiscal year which begins on
July 1st. "Benefits available through payroll deductions are classified as two types (mandatory or voluntary" (Personnel Handbook, 2008).
Mandatory deductions are required by law. The mandatory reductions are federal income tax withholding and state income tax withholding, teacher's
retirement, public school employees retirement, social security/old age, survivors death insurance tax, and Medicare tax. "All full time employees
have the opportunity to elect to participate in voluntary deductions" (Personnel Handbook, 2008). Some of the voluntary deductions include dental
insurance, credit union, disability insurance, life insurance, medical/hospitalization, and etc. Although the compensation and benefits that the
school system in Dooly County provides for their employees are good, there is always room for improvement. A benefit that would help the employees
would be a sick leave bank or donated leave pool. "The purpose of the donated leave pool is to provide a means or employees to donate and receive
paid leave to alleviate hardships caused to an employee or the employee's family if an illness or injury forces and employee to exhaust all earned leave
time"
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18. Benefits Of Doing Sports Essay
There are a lot of people doing sport these days. What exactly sport is? Sport is an activity of physical body and skill, done by team or individual. In
general, there are two types of people who doing sport. Some people just want to live healthier and there are also type people who seriously doing
sport to win a sport game or even Olympic championship like SEA Games (South East Asian Games) for example. But there also a lot of people
who do not do sport because they think doing sport is not benefit to their life. So what is the benefit of doing sport? Or is it a burden?
First, people like doing sport because it is a fun thing to do. As we mention on the first paragraph, sport is not only for individual, but sport also can
be done by a group / team or even doing sport with our friends. So, sport is actually benefit to our social life, because we can get a new friend through
sport and we got to know each other's ... Show more content on Helpwriting.net ...
We can make a lot of money from being one of it. But being an athlete is not easy, because weneed extra effort to train physical body to improve
ourselves.
The most important of think doing sport is make us healthier, this is the main reason why people these days doing sport. People want to keep their body
in good condition to support their daily activity during the day. Doing sport in routine is also good to increase our stamina, that is mean we are not
easily tired when we do our activity. Imagine we can do a lot of thing without getting tired, It is amazing isn't?
Doing sport has a lot of benefit, but in the other hand there is a disadvantage of doing it. First disadvantage of doing sport is we need to do it
carefully, because if it is not done carefully we may getting risk of hurting ourselves or getting injured. If we get injured we need to go to the hospital
or even bother our daily activity. That is mean that we need to put more effort to our
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19. Market Failure in Unemployment Benefits
Market Failure In Provision of Unemployment Benefit
Market failure occurs when resources aren't used efficiently. This can be seen in any market, whether a publics good or a private good. Market
failure can also be seen in the provision of unemployment benefits and unemployment insurance, as the resources could be used inefficiently and
misused in different ways. For the purpose of this essay I will focus on how MORAL HAZZARD, prevents the efficiency in unemployment benefits
and insurance, I will discuss the main issues to do with moral hazard in unemployment and also ways of combating it. I will do this by firstly defining
market failure and the main components on it before leading to the actual topic of moral hazard.
Market ... Show more content on Helpwriting.net ...
Moral hazard is greatly seen as an individual can influence their probability of entering or leaving unemployment. Moral hazard creates a disincentive
to work and reduces the supply of labour in a country. Moral hazard is unobservable , this means the providers of insurance and benefit are totally
unaware of the unemployed intention while receiving the benefit. In unemployment insurance the two parties are involved in contractual relationships,
as their intentions contradict. The receiver of the benefit is acting in a hazardous way and the insurer is fully on aware which makes the provision a
market failure.
The money being received for unemployment benefit is substantially high in Ireland. This means that people are less willing to look for work as
they have a good income already. Looking for work would mean a loss of benefit or a reduce income due to tax which will reduce the incentive for
a person to go look for work. Due to Moral Hazzard the system of payment are structured with a view to ensuring that the system of payments does not
weaken the incentive of the unemployed to take on paid employment. Income tax and social security contributions levied on earnings determine the
employee's net earnings, when unemployed a worker receives payments. If the gap between this is too much it may affect the incentive to work. If the
ratio is high then moral hazard increases as those who are unemployed may cease to work.
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20. Questions And Questions On Employee Benefits
The following are questions and answers relating to this week's assigned readings. How do the readings relate; what similarities or contradictions exist?
The chapters in the book do not relate to the articles. Chapter three explains the importance of identifying strategic positions in organizations and
making sure there is top talent in them. Chapter four explains Human Resource (HR) professionals and line managers are responsible for developing
talent throughout an organization. Thus, line managers and HR professionals should be held accountable for the development of a successful
workforce. In order to be successful, these leaders must have talent inventories and action plans helping them put strategic talent into strategic... Show
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What questions or issues did the readings raise for you? Ensuring you have A–level talent in the most strategic positions sounds great, but what if this is
not the case and you have the wrong people in strategic positions. Replacing people is not easy, especially in government. It is a shame, but we
wait for people to retire instead of holding them accountable or replacing them. In regards to employee benefits, employers should make it a
priority to help employees understand the value of the benefits received. This is challenging since benefit plans are complicated and plan statements
are often difficult to comprehend. However, employees with a good understanding of their benefits package estimate its value 42% higher than
those who don't (Crawford 2014). The State of Tennessee addresses this by sending a letter each year detailing the monetary value of my benefit
package. The letter helps me appreciate the benefits package and keeps me from seeking other employment. The downside of employee benefits
should be realized when considering such programs. First, providing employee benefits is expensive and costs more for small employees than large
ones. Secondly, offering benefits can create legal compliance concerns resulting in legal fees and potential lawsuits (Pros and Cons: Offering
employee benefits 2014). Lastly, disengaged employees are twice as likely to stay because of beneficial job conditions, including good employee
benefits,
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21. Benefits And Benefits Of Employee Satisfaction
Benefits play a major role towards employee satisfaction and how they behave in an organization. Employee satisfaction is necessary for the success
of any organization. Keeping employee satisfaction should be a priority for every employer. There are many reasons why an employee can become
discouraged with their jobs. Some include: lack of communication within the organization, high stress levels, lack of recognition, or limit opportunity
for growth.
Health insurance is one benefit in the foundation of a comprehensive employee benefit package. Health insurance is an insurance policy that will pay to
cover medical treatments or expenses. This also includes dental and vision insurance. "According to healthinsurance.org, of the Americans who... Show
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The number of sick days can be based on the years with the organization and how high they stand with the organization. Paid personal days are time
taken off from work that the organization provides employees. The number of days is the same as sick days which was your standing level with
organization and how long they have been with them. These days can be used for voting, conferences, and even going to a healthcare professional.
The paid personal days are paid at the employee's normal base salary. Bereavement time is even under PTO. It is granted for attending funerals and
burials, making funeral arrangements, dealing with possessions and wills of the deceased, and for paying respect to a family at visitation. You are
usually given three days of this time for an immediate family member and one day for other relatives or friends. Organizations can give additional
unpaid days if necessary. Immediate family members include: spouse, parents, grandparents, children, grandchildren, and siblings.
Another benefit offered among organizations is the 401k retirement plan. It is a plan for employees to accumulate retirement income and is the most
flexible type of retirement plan. It shows that the employers care about and value your employees with a means for them to plan their future and
encourages employees to save for retirement. It has tax advantages for both employers and employees including tax deferred growth for the employee
and tax–deductible advantages for the
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22. Benefits And Benefits Of Ford Motor Company
Ford Motor Company is a multinational automaker located in the United States of America. The company has employed thousands of employees across
the world. Any successful company must provide its employees with a good compensation and benefits plan to remain competitive. As a result, this
study focused on researching the types of compensation and benefits plans Ford Motor Company offered to its employees. The study found out that the
company offers compensation and benefits plans such as base pay, variable pay, insurance (health, risk, and life), holiday pay, maternity leave, vacation,
and pension. This study also determined the advantages and disadvantages of the above compensation plans and benefits.
Key words: Ford Motor ... Show more content on Helpwriting.net ...
It also recognizes that the company can get maximum output from the employees by ensuring they are always motivated and have the best working
environment. One way of achieving that is through ensuring that employees have a good organizational compensation and benefits policy. A research
on the company reveals that the management of the company has put up several organizational compensation and benefits for their employees.
Compensation and benefits definition Compensation refers to the rewards that an employee earns from a company in return for the labor services they
provide to the enterprise (Martocchio, 2010). They include direct financial compensation such as salaries, wages, and bonuses, indirect financial
compensation such as retirement plans, leaves, and education services, and lastly non–financial services such as advancement opportunities and career
development (Martocchio, 2010). On the other hand, benefits refer to the compensations that a company gives to its employees on an optional basis in
addition to their usual salaries. They include disability income protection (dental, vision, life, and health), sick leave, paid and non–paid vacation, and
funding of education among others (Martocchio, 2010). A study on Ford Motor Company revealed that it has been providing its employees with
several compensation and benefits plans over the years. The management of Ford Motor Company has been performing several reviews on
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23. Benefits And Benefits Of Employee Benefits
Employee benefits are an important component of compensation for many US employees. Approximately 30% of worker compensation comes in the
form of fringe benefits, and benefits have been linked to increased productivity and worker satisfaction, and reduced absenteeism (Artz, 2010). While
health and life insurance are common benefits provided to employees, firms also offer EAP programs, child care, flexible work hours, work–at–home
programs, long–term disability insurance, and health and wellness programs including well–baby programs, gym memberships, stress reduction
programs, on–site flu vaccines, and weight management programs.
Relatively little is known about how corporations make decisions about the benefits they offer their ... Show more content on Helpwriting.net ...
Organizational climates which promote risk taking have been theorized to impact corporate innovation independently (Caruana, Ewing, & Ramaseshan,
2002) or in combination with other organizational and environmental factors (Nystrom, Ramamurthy, & Wilson, 2002). As an independent predictor,
risk taking is viewed as a necessary prerequisite for adopting new ideas whose outcomes cannot be guaranteed (Albrecht & Hall, 1991). A
meta–analysis of 24 organizational studies demonstrated that organizational support for risk taking demonstrated a 0.78 effect size on innovation
(Hunter, Bedell, & Mumford, 2007). Pro–innovation attitudes by managers predict innovation adoption in both the public and private sector (Moon
and Bretschneider 2002; Thong and Yap 1995). As a mediator, organizational support for risk taking may explain the relationship of organizational
financial health (Kearney, Feldman, & Scavo, 2000; Walker & Boyne, 2006) and size (Damanpur 2010; Walker 2008).
To complement our previous research which identified organizational risk–taking as a significant predictor of innovative health benefit
decision–making (Rost, 2014), the research team conducted an exploratory analysis of factors associated with organizational risk–taking in human
resource departments to inform future research on employee benefit decision–making.
Methodology
Data
The data were
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24. Benefits And Rewards For Employee Benefits
Employee benefits are an essential component of an organization's total rewards strategy.
Today companies design benefits packages that are unique and rewarding in order to attract and retain talented workers. In fact, employee benefits
have evolved significantly over the years. Employee benefits are no longer just the basics, such as healthcare and retirement plans. Organizations are
now expanding their benefits and rewards offerings to include creative perquisites, such as onsite childcare, flexible work schedules, and employee
game rooms. Employers understand that to gain a competitive advantage in the war for talent, they must create new and improved rewards for their
employees. This paper will examine the innovative benefits and ... Show more content on Helpwriting.net ...
Innovative benefits are the solution to meet employee demands. Innovative benefits are any creative reward designed to provide employees with a
special privilege, financial value, and/or personal advantage. Innovative benefits include many employee perquisites, such as onsite childcare, paid time
off, employer–matched charitable donations, discounted gym memberships, and tuition assistance. Employees are attracted to organizations that create
innovative benefits packages. Organizations are creating and adopting innovative benefits in order to improve their overall compensation strategies.
Compensation strategy defines how an organization plans to reward its employees for their time and efforts. An effective compensation strategy
enhances (1) talent management, (2) supports an organization's business objectives, and (3) provides organizations with a return on their investment.
Therefore, in order for innovative benefits to enhance the competitiveness of an organization's overall compensation strategy, the benefits must align
with these three goals. First, innovative benefits plans can give organizations a competitive advantage in recruiting, developing, and retaining talented
workers. The war for talent in the workforce is becoming more competitive. According to researcher Tapomoy Deb (2005) "the
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25. Benefits And Benefits Of Employee Benefits
I've chosen the topic of employee benefits and the varying considerations given to benefits as part of total compensation around the globe. What are the
issues to be considered? What about the MNE employee?
The content of this paper includes key excerpts and a condensation (compacted by >80%) of current knowledge regarding the administration of
employee benefits as published by McGraw–Hill 2011 in "The Handbook of Employee Benefits: Health and Group Benefits, 7th Edition. Jerry S.
Rosenbloom, editor". This is the reference textbook for the International Foundation of Employee Benefits Plans (IFEBP), and Wharton (University of
Pennsylvania), for those looking to certify as "Certified Employee Benefits Specialists" (CEBS).
The ... Show more content on Helpwriting.net ...
This process entails a balancing act among:
"Local benefits objectives with local and global business objectives and philosophies
Differing competitive environments and economic realities
The cost and benefits available from old age, survivors, and disability programs with supplemental retirement and capital accumulation plans
The cost, quality, and availability of national health insurance programs with emerging private medical practices in many countries
Changing regulatory environments that impact the design, delivery, and cost of supplemental benefits plans with local and global benefits objectives"
..(Rosenbloom 2011)
Added to these local concerns, individual differences may need to be accommodated according to where the employee was hired and where they will
be assigned. Benefits that meet the employee's needs in the home country may not be portable nor meet their needs in the assigned country.
Local issues include the following:
1.Government–required benefits.
2.Government–provided benefits.
3.Legal/Regulatory environment.
4.Taxation of benefits.
5.Local economic conditions
6.Labor unions & labor environment.
26. Coverage amounts and funding: Common benefits offerings include retirement, death,
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27. Benefits And Benefits Of Benefits
Benefits Plan Benefits are a very important part of the compensation piece for Techtron. They can often make or break a recruit's decision to accept a
position with the company. Therefore it is important that we offer a competitive benefits package while keeping the bottom line in mind. Within the
realm of benefits there are two types: Legally required benefits and discretionary benefits. Defined, legally required benefits are "protection programs
that attempt to promote worker safety and health, maintain family income streams, and assist families in crisis". The Social Security Act of 1935,
workers' compensation laws which vary by state, and the Family Medical Leave Act of 1993 are all mandated under federal law. Discretionary benefits
are benefits that employers chose to offer. These benefits fall under protection programs, pay for time not worked, and services (Martocchio, 2015).
Legally Required Benefits: The Social Security Act of 1935 provides for unemployment insurance, Old–age, Survivor and Disability insurance or
OASDI for short, and means–tested welfare programs all of which were brought about by The Great Depression (Martin, P. & Weaver, D., 2005).
Social Security is financed through a specific payroll tax. Both employers and employees pay 6.2% of wages up to the taxable maximum of (2015)
$118,500. The breakdown in the OASDI is as follows: OASI = 5.3%, DI = .90%, Total = 6.2% (Retrieved from www.ssa.gov). Workers' compensation
laws vary by state. In Michigan,
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28. Benefits And Benefits Of The Emr Implementation
With the costs there also came benefits that included averted costs and increased revenues and then divided up into payer independent benefits, benefits
under capitated reimbursement, and benefits under fee–for–service reimbursement (Wang et al., 2003). These were assumed that they would be
accrued at the end of the year. In large practices, chart pulling was a time consuming task that was done and cost an approximately $5 to obtain and
retrieve this data. After switching to electronic, the transcription costs were reduced by 28%. The experts also looked into capitated reimbursement and
reducing adverse drug events. Alternative drug suggestion reminders would save 15% of total drug costs. Also, the computer can improve
documentation and also decrease the amount of billing errors. A five–year return on investment was created to look at the comparison between the
costs and the benefits of the EMR implementation. This included all the initial costs and benefits and also the annual cost and benefits. These
numbers were compared year after year for five years and the net benefit to implement EMR per provider was around $86,000. It was found that the
net financial return was positive for the ambulatory health care organizations. The benefits included reductions in drug expenditures, improved
utilization of radiology tests and charge capture, and also a decrease in billing errors (Wang et al., 2003, p 401). As the organization improves with
more features year after year, the net
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29. Benefits Of A Successful Company
Benefits One of the most important components of a successful company is to keep employees engage, happy, and provide them with incentives to
maximize their productivity. In today's society, there are several ways to accomplish this; however, offering employees benefits beyond the legal
requirements tends to be beneficial to the employees as well as the management team. According to Meier (n.d.), "the positive side to employee
benefits....offer the right benefit, and your business may just jump–start its growth. Give employees the benefits they value, and they 'll be more
satisfied, miss fewer workdays, be less likely to quit, and have higher commitment to meeting the company 's goals" (p. 1). Hence, Whole Food Market
is amongst the top 150 companies who has mastered the concept of leveraging its benefits package to recruit and retain its team members. This top
employer prides themselves on believing that benefits to its team members is more than supporting their core values, but the right to do for members.
In addition, the benefit package is created with the members in mind that encourages input, empowerment, creativity, collaboration, and a fair and
equal work environment. Whole Food benefits packages includes Health plan, life insurance, generous store discount, life Insurance, retirement savings
plan, vacation and sick paid leave, leave of Absence, team members stock option plan and emergency funds, and of course a competitive compensation
plan. Internal
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30. The Benefits Of The Disease Model Of Addiction
To begin, I would like to discuss the benefits of the disease model for addiction. To be fair, this model resonates with me the most. As stated in the
Historical Perspectives on Addiction, "By changing the way we talk about addiction, we change the way people think about addiction, both of which
are critical steps in getting past the social stigma too often associated with this disease" (Freed, 2012, p.27). I feel that this quote sums up the most
significant benefit of the disease model. Not only does it remove stigma, but by removing this stigma you could potentially have more individuals
seeking treatment. In addition to this, by removing stigma you move it from an individual's problem into a public health issue. Therefore, if addiction is
a public health issue you would see more services/support systems available. A second benefit of the disease model is that there is evidence that
supports the theory (Hall,2017).
On the other hand, there are some negative aspects associated with this model. One criticism is the disease model may "prevent them from developing
self–control, and damages self–esteem (Frank, 2017, p.130). In my opinion, I do not agree with this statement because I believe that the disease model
gives more power to individuals. Although, I do agree that the disease model does not explain the "Large–scale epidemiological studies show high
percentages of spontaneous recovery, even without specific treatment" (Frank, 2017, p.130). This lack of
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31. Employee Benefit Plans
Employee benefits are an important cog in the wheel of industry in today's busy world. Oftentimes, potential employees are more interested in the
benefits a company provides than in the salary or compensation they will be receiving. Potential employees oftentimes desire healthcare or insurance
plans and pension plans that will take care of them for the long–term, not a short–term benefit plan. In the past, employers often took a 'cookie cutter'
approach, offering the exact same benefits as every other company offered. Such an approach is no longer the norm, instead many companies now
work hand–in–hand with their employees to design benefit plans that fit the employee's needs rather than the cheapest or most convenient benefit plan
available. As one recent report espoused "a good example is the shift from defined benefit pension plans for which employers bear the funding burden
to defined contribution plans, which are generally funded by employers and employees together" (Vandermillen, 2012, p. 19). According to
Vandermillen, employers now have the responsibility "to make sure employees have the knowledge and tools they need to help them make the most of
their retirement benefits" (p. 19). Now employers not only have to provide benefits that are conducive to employee retention but it seems that they also
have to assist the employees in understanding exactly how those benefits are advantageous to the employees. Employees from different areas of the
United States may
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32. Benefits Plans for Employees
Course title:
Name of student:
Institution:
Benefits perform integral functions in compensating employees and the benefit package employed by a firm needs to be lucrative and distinct in the
employment market. This serves as a decision–making factor in attracting new employees, retaining present ones and acceptance of offers by experts in
the industry. Every organization strives to come up with the most efficient combination of benefits and achieve great utility for money. The choices
taken hugely depend on both the employees and employers.
Reliance Home & Office Security Solutions refers to a local entrant into the security services industry. It provides a variety of products
tailor–made to the specific needs of different ... Show more content on Helpwriting.net ...
These include legal insurance, tuition reimbursement for those who opt to advance their education and bonus plan. The current market in provision of
security services boasts of several names. The lists also consists of firms like Group4Security (G4S) which applies an elaborate compensation
employees for its workforce. Reliance borrowed the idea of legal insurance cover and tuition reimbursement from it. These two strategies serve to attract
the most qualified experts in the industry.
The cost target aims at developing a fund set aside for providing benefits to employees. The management promises that this fund remains off limit to
covering company expenses and constantly grows as the company grows. A sustained growth ensures drafting of more benefits into the existent
package. This methodology aims to serve the changing trends in the market workforce. Thus, the company asserts that this package provides a
long–term pathway to retaining experienced employees and attracting others from rival firms.
In the formulation of the benefit plan, the management sought the services of an independent human resources firm. The firm has a team of qualified
professional to design suitable plans taking in consideration the legal guidelines set out by the government. Reliance, therefore, rests assured that the
plan effectively meets the legal provisions and its application attains accolades from labor unions. The plan tends to favor the
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33. Benefits And Benefits Of Employee Benefits Essay
Believe it or not, when the phrase employee benefits is mentioned there are many different perspectives from various angles as to what exactly
employee benefits entail. Some perspectives are, but not limited to, what is deemed an employee benefit, what benefits are required by law to be
given to employees, benefits that employees might feel are superior, and whether or not benefits provide value to the employer. For clarification
purposes Alison Doyle offers this, "Employee benefits are non–salary compensation that can vary from company to company. Benefits are indirect and
non–cash payments within a compensation package. They are provided by organizations in addition to salary to create a competitive package for the
potential employee." (Doyle, 2016, para. 3). Essentially, this can be taken to mean that employee benefits may be in the form of monetary
compensation or still compensation, but without monetary payment to the employee. Examples of employee benefits include, competitive
compensation plans, pay for performance packages, flexible work hours policies, and medical leave, which is illustrated in the following scenarios. As
an illustration of what some individuals might deem one of the most important components of employee benefits, surround the need to revamp a
compensation plan for a franchised restaurant establishment. Paying employees fairly for the service provided is very important in a business's ability
to remain competitive. To yield this result a business
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34. Persuasive Essay Unemployment Benefits
The first supplementary unemployment benefit plan (SUB) originated in the 1950s through negotiated contracts between the nation's automobile
makers and steel companies. This plan was a compromise between unions request to receive guaranteed annual wage plans for its members and
management desire to stay away from providing this job security. The SUB plan was designed to supplement the unemployment benefits that the
various state unemployment insurance provides, provide extra income to unemployed workers after their state payment have been depleted, and
decrease the difference in the income of the hourly rate workers and salaried employees (Sloane & Witney, 2009, p. 317). Today, 50 percent of the
United States manufacturing workers are covered by SUB plan. The industries such as the plastics and rubber cover 95 percent of its employees
with SUB. The automobile and aerospace cover 82 percent of their workers. The metal industries, specifically aluminum and steel, covers 70
percent. And clothing sector has 61 percent of its workers covered by SUB plan (Sloane & Witney, 2009, p. 318). To be eligible for SUB, employees
must be unemployed due to layoff that occurred from the company's workforce reduction and the discontinuance of the operation or a plant.
Employee whose work week hours have been reduced is also eligible for SUB plan. In this case, reduced work hours are seen as a partial separation
according to IRC 501(c) (17). Rev. Rul. 70–189, 1970–1 C.B. 134. However, the SUB
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35. Benefit Programs and Compensation Administration
Benefit Programs and Compensation Administration
By: Janelle Bartlett
Professor Rhonda Hess
October 28th, 2012
Benefits and Compensation
Introduction
Employee benefits are one of the most driving measures for obtaining qualified employees. It is important for organizations to provide employees with
not only hourly or salary wage but also other benefits that can make them more desirable to well qualified individuals. Organizations must be able to
communicate all of the benefits to current and prospective employees clearly enough for them to understand exactly what is offered.
Government Regulated Benefits The government is there to help protect employees for many reasons, things such as worker's compensation,
unemployment, and ... Show more content on Helpwriting.net ...
While I did say that only the doctors are awarded fringe benefits, this is not necessarily true. Hygienists, dental assistants, and even the front desk
staff that hold certificates are awarded the added benefit of free renewals for licenses and so forth. They are also awarded free seminars that are
necessary for updating licenses and certificates. These seminars not only provide the necessary credits for yearly or by–yearly updates, but also new
means of how tasks should be carried out. As healthcare professionals, we are responsible for obtaining current methods of practice for carrying out
tasks.
Items such as infection control and patient confidentiality are an ongoing task. With patients/people's concerns with what infectious diseases can
conjure it is only natural that people would be concerned about. Patient confidentiality is another on going concern.
Communication Process of Compensation Benefits The current communication of benefits provided to our practices employees is a bit vague, but still
understood by all. They do not hold yearly meetings or anything of the sort, but old postings are around the office justifying the initial benefits
provided. These are still upheld , with the added benefit that they are "old", all employees realize it up to the treating doctor to determine whether
employee family members are to receive treatment at no cost or a discounted cost.
Assigned Industry
37. Verizon Wireless's Benefits Package
Verizon Wireless may be losing at least one competitive advantage 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 consideration, and
factoring in the problem of a lack of updated information, it was determined that there was a critical need for a current benefits package comparison.
The... Show more content on Helpwriting.net ...
The coding system is as follows: 0 denotes no information; 1 denotes inadequate benefits; 2 denotes adequate benefits or listed but little information; 3
denotes above adequate benefits; also the term "assigned values totals" denotes the calculated sum based on the coded value determined for each item.
It should be noted that some companies received more 0s than others, because of lack of information available from the organization resulting in lower
assigned values totals. Applying a coding system enabled qualitative data to be evaluated quantitatively, permitting a more accurate and objective
analysis. Capstone Q1–Industry Benefits Comparison: As stated above, the method used for the industry employee benefits package comparison was
a comparative analysis. To organize the data it was broken into themes and coded. Presented here are the five resulting tables, including a short data
analysis for each. In addition to the listed tables, a scatter plot figure was added for visual representation of the assigned values totals for each
company, including every category; however total scores will be announced later. Table 1 data analysis.In Table 1, health and well
–being benefits were
scored with a possible assigned values totals of 24. Verizon Wireless and Sprint were a single point apart with Verizon attaining 22 and Sprint 21.
Samsung
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38. Evaluation of Flexible Benefit Plans
Evaluation of Flexible Benefit Plans
Table of Contents
INTRODUCTION ........................................................................................1 Purpose of the Report ...............................................................................1
Scope of the Report .................................................................................2 Sources and Methods ...............................................................................2
TRADITIONAL vs. FLEXIBLE BENEFIT PLANS ................................................2
ADVANTAGES OF FLEXIBLE BENEFIT PLANS ...............................................4 Increase Employees' Benefit
Satisfaction.........................................................4 Increase Benefit Plans' Efficiency.................................................................5 Gain Controllability of
Employer Contribution to Benefit Plans..............................6 Provide Better Communication of Benefits......................................................6 Help in
Recruitment and Retention................................................................7 Reduce Income ... Show more content on Helpwriting.net ...
Based on the analysis, the choice between these two benefit plans is made. However, the details of implementing such a plan will not be provided.
Sources and methods
This report is solely based on secondary research. Sources include academic journals, research reports, and trade publications. Majority of the sources
are acquired from World Wide Web and research database such as Business Source Complete, and selected based on their reliability, relevancy, and
recency.
Traditional vs. Flexible benefit plans
Employees' benefit plan is non–wage compensation, which means employees sacrifice part of their wages or salaries to exchange some other form of
benefits. The purpose of benefit plans is to increase the security of employees, which consequently reduces work absenteeism and promotes job
satisfaction. Some of the benefits in the plan include: retirement benefit plans, employee assistance plans, and group insurance (health, dental, life etc.).
However, the scope of benefit coverage has gradually been expanded; from traditional benefit plans to flexible benefit plans. Both of these two benefit
plans have different contents and emphases. Nowadays, about 60 percent of North American organizations prefer to use flexible benefit plans.
Traditional benefit plans were desired to meet the needs of the nuclear family (Cole & Flint, 2004), which is defined as an employed male head of
household, nonworking spouse,
40. Benefits And Benefits Of Employees
to line up with the organization business strategy, but also with what people are looking for. If you provide it and maintain it, you will see the result in
the company being productive, growth and employees motivated and happy. Noe, Hollenbeck, Gerhart and Wright mentioned it, "the pay and benefits
that employees earn play an important role in motivating them. This is especially true when rewards such as bonuses are linked to the individual's or
group's achievements". When it comes to compensation company need to put into place compensation and incentives that will drive, motivate and
challenge employees. When they have these types of compensation in place this will enhance the employees to do their best. Also it will make them
push ... Show more content on Helpwriting.net ...
Also whether or not they should get paid for them if they are not using it. They now taking it even further on providing assistances on child care, and
adoption. But the main focus for work life is to provide employees with that balance between having a work life but also having the family and
personal time. One thing that this eliminate is someone getting burn out at work. They not missing out on those pricelist moments with their family.
"Research reveals an interesting finding about such programs. For nearly all employees, these programs send a message about how much the
organization cares about its employees. Having these programs is seen as a positive even by employees who do not use them" (Stewart, 2012). Then
you have performance and recognition companies are now finding ways to reward employees for their hard work, motivation and time. They are
creating different types of plans and incentives to continue to keep that exceptional behavior. Some things that companies are doing are giving bonus,
and incentives like gift cards, free lunch and gifts. They want to continue to challenge the employees to do their best so that in return it will provide
better products and services. When you have better product and services it helps with the company reputations. Which open the door for more people
to come check out their services and product. Recognition also play a part in improving the company cause when you recognize someone for doing
good work it shows that
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41. The Benefits Of Google Pays
Google B–13. The benefits that Google pays obviously represent an enormous expense. Based on what you know about Google and on what you
read in this text, how would you defend all these benefits if you're making a presentation to the security analysts who were analyzing Google's
performance? BenefitAdvantage High salariesGoogle salaries are highly competitive which allows the company to keep employees satisfied in this
area. Stock optionsStock options provide a financial incentive to employees. If the company does well, then the employees benefit financially.
Providing this benefit has the effect of the employee having a vested interest in how the company performs; therefore, the employee will work hard, do
their best work, and stay... Show more content on Helpwriting.net ...
Google employees list this benefit as the most valued. Free shuttles, laundry facilities, oil changes, car washesAll benefits to help employees deal
with less stress for their outside work requirements. These amenities assist in reducing an employee's stress and help in the employee feeling
valued. Unlimited sick leaveKeeps employees from coming into the office sick. This reduces the possibility of other employees getting sick. The
company no longer has to track sick leave so it saves resources. TGIF parties and paid tripsGoogle's way to reward the team after working so hard to
achieve their goals. A great way destress and team build. The long list of employee benefits assists Google in keeping employee's engaged, retained,
satisfied, motivated, and productive to be able to reach their individual, departmental, divisional, and company–wide goals. All of the above mentioned
benefits makes the employees feel valued and respected; therefore, they are more likely to be retained. B–14.If you wanted to hire the brightest people
around, how would you go about recruiting and selecting them? According to the Entrepreneur article Recruiting and hiring top–quality employees
(n.d.), to recruit top talent a company must have a "well–structured recruiting and selection program" (para. 1). The process should include the
following steps which I have tweaked slightly: 1.Develop accurate job descriptions 2.Develop a success profile based on your best performers. 3.Post
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42. Hr599 Benefits Project Essay
Benefit Plan Design Analysis
Course Project: Wal–Mart Stores, Inc.
Lillie Williams
Professor: Dr. Burnell G. Carden, Jr.
HRM–599–11570 Benefits
Date 6/22/2013
Table of Content
Part 1– Organization Profile and Benefit Program –––––––––––––––––––––––––––––––––––––––– 3 & 4
Part 2 – Statement of Issues –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 5 & 6
Part 3 – Literature Review ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 6
Part 4 – Issues Analysis ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 6 & 7
Part 5 – Issues Solutions –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 7 & 8 ... Show more content on
Helpwriting.net ...
The fact is that, Wal–Mart is in the need of looking at the benefit plan for employees. Wal–Mart health insurance coverage falls far behind the national
average. Wal–Mart has
5,000 or more employees they should be able to cover 64% of their workers however,
Wal–Mart only covers 50%.
Statement of Issues Wal–Mart has one of the saddest benefit plans for employee's that has created bad business practices at Wal–Mart Corporations.
"Wal–Mart is one of our largest corporation and private employer in the U.S. employing over 1.3million workers, sets a national standard for wages
and labor practices" (West 2005). Wal–Mart offers a low premium to employees for family coverage. A low premium may seem reasonable and
affordable however, the employees have a high annual deductible. The annual deductibles are so high that most employees find themselves having to
pay thousands of dollars before Wal–Mart insurance decides to be active in paying excepting providers. At Wal–Mart employment and the benefit
policies has been red flagged for the Government officials to review. Wal–Mart has a very low pay scale the average "Wal–Mart associate makes only
43. $8.81per hour" according to a study published by Forbes News Article, (Ungar 2013). Wal–Mart's full–time employee schedule is considered to be 34
hours per week with a salary of 15 thousand dollars per year average. Employees that work full time at Wal–Mart still live below the
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