Strategic
Value of Employee Benefits Programs
NOTE: It is highly recommended to
use the instructions below rather than those in the course guide.
Instructions
To attract, motivate, and retain good workers,
companies need to define what an employee wants from the employment
relationship. One way to define employee needs is to consider “total
rewards,” which are everything an employee perceives to be of value
resulting from working for the company. Benefits are a core element of total
rewards and the ever-growing package of offerings have evolved. You must now
work with the company to define precisely where the various programs will be
categorized.
Write a six to
seven-page paper in which you do
the following:
Identify and discuss from
the textbook at least three important factors that almost always should be
considered by organizations before providing
employee benefits programs. Be sure the response is specific and relevant.
Compare and contrast income protection programs and pay for time not worked programs,
both of which are usual elements of benefits programs. How are the
programs similar? Are they mandatory?
Research and discuss at
least four to five of what may be referred to as “Other Benefits” that
you could recommend to the management team as necessary elements for the
benefits package. Hint: Flextime and product or service discounts are good
examples.
Develop an employee
benefits package for any exempt or non-exempt position level of your
choosing (indicating which) and making sure you support the selection of
your program elements (why chosen over others).
Note: The preferred
method for presenting your benefits package information is using a table
or exhibit, but either approach is not mandatory as long as requirement
is met.
Examples: US Bank Benefits at a
Glance and UW-Madison New Employee
Benefits Summary. A must view: Employee Benefits: Examples of the Most Common Employee
Perks | Indeed.com
Use at least four
quality academic resources in this assignment.
The specific course outcome associated with
this assignment is:
Design a strategic employee benefits
package for an exempt or non-exempt position.
The post Strategic
Value of Employee Benefits Programs
NOTE: It is highly recommended to appeared first on Course Hero.