Discussion: Understanding Employee Benefits
As noted previously, the cost of employee benefits continues to increase and according to the Society for Human Resource Management (SHRM), employers are more likely to increase benefit offerings including health-related and wellness benefits (SHRM, 2019). According to their research, employers believe healthcare and retirement benefits are the most important to their workforce. While the return on investment for employers is not easily quantified, Gerhart and Newman suggest a high rate of return if employees are provided with the opportunity to design or choose their own benefit package. (Gerhart & Newman, 2020, p.452). Providing employee choice does complicate the administration of benefits along with determining the funding of them and the legal aspects related to them.
In this Discussion, you will consider benefit management in light of current key issues being faced by Human Resource professionals. In addition, you will analyze the impact benefits have on compa
By Day 3
Post by Day 3 a cohesive and scholarly response, based on and supported by your required readings, media, and research this week, that addresses the following:
Analyze how HR can help organizations manage benefits thus contributing to profitability.
Examine the impact of legally required benefits and discretionary benefits on a company’s budget
Explain how an organization would use both types of benefits to manage and retain talent.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more