How Valuable Are Employee Benefit Plans?
- How Valuable Are Employee Benefit Plans?
Note: Your third research paper is due on Sunday in Unit 7. Per your course syllabus, each of your 3 papers must be a minimum of 3 full double-spaced pages and a maximum of 5 pages. You may use your textbook as a source, but you must have a minimum of 3 non-text sources as well. Please document your sources professionally and include a bibliography. A word to the wise — quality is paramount, but in most cases a 3 page paper will not be valued as highly as a 4 or 5 page paper. See attached file for specific details and grading criteria for this assignment.
Employee benefit plans are those advantages forms of compensation that an employer pays to the employees above and over the regular wages or salary. In the United States employee benefits plans include medical, health, relocation assistant, dental plans, legal assistance plans, long term insurance care plans among other types of plans. These benefits plans are mainly established to improve the employee relation and the employer.
Elements for Designing a Competitive Employee Benefit Plan Package
There are many critical methods that the employers may wish to optimize so that they can attract employees thereby enhancing workforce. Some of these are productivity, retention of employees, attraction of talents and satisfying the employee in general. The elements for designing an effective employee that is competitive include
(1,476 words)