Employee Benefits Essay Example | Topics and Well Written Essays - 750 words

Employee Benefits - Essay Example Companies also offer these benefits as acts of appreciation in order to take care of the well being of its human capital. The purpose of this paper is to study different types of employee benefits and its how they can be utilize as part of a company’s strategic plan. Two types of mandatory fringe benefits that employees working for companies receive are social security and unemployment insurance benefits. Companies match the 7.65% percent employees pay to the federal government for their social security pension plan and Medicare benefits. The unemployment insurance is an insurance the employer buys from a governmental agency that pays employees money in case the employee gets fired for up to year on a bi-weekly basis. Other mandatory benefits employees received from companies are a certain amount of sick days and vacation days per year. The typical approximate benefit of accumulated vacation and sick days is ten sick days a year ten vacation days per year. The other types of benefits companies can offer are voluntary benefits to their employees. A benefit package a company can offer to their employees includes benefits such as health plan, dental plan, company cars, gas allowance, Christmas bonus, flexible time, tuition assistance, training and development opportunities, child day care, elderly care and credit unions among others. A total package of benefits is offered by companies for two main strategic reasons. These two strategic objectives are to enable a company to recruit top talent and in order to retain trained employees in the firm. Offering benefits such as child day care is a very valuable benefit for a single mother. It enables these women to work, while having the reassurance that their children are receiving a proper care which at times costs thousands of dollars a month. A health plan is a benefit that protects the health of the employees and provides the medical financial assistance needed in those times when employees

Management plan Essay Example | Topics and Well Written Essays - 500 words

Management plan - Essay Example Quitting is never a good decision pertaining to this case; rather she can opt for a better opportunity. A winner never quits and he or she has to march towards their goal facing all the hurdles in life. Not all the organizations will have the same problem. But at this time she should develop an attitude to manage with the difficulties in the institution created by the higher officials. Since her educational status is primary requirement, she should enquire about different schools which can provide distance learning programs or evening colleges which will offer her the required degree. So that she does not loose the experience in the work and also completes her course in the ordained time. In this present case she has to learn to cope up with the present situation of the organization. Parallel to this she should make every effort to look for an alternate; she should be prepared in mind not to look for rewards or recognition since she cannot get what she expects in this organization. The time taken for accomplishing things for the decision she made will includes time taken to shift to a new job (Full time or part-time) and as well as to complete her degree. a. The decision made will be evaluated on the outcomes of the decision. With reference to her situation it is obvious that she should make a decision with minimal risk or no risk.