Week 6 Case Study: A Perky Way to Productivity
It is important for employees to receive benefits that meet their needs. When employee needs are met they are happy, turnover rates may decrease, and employees complain less. Employees are more likely to do a better job because they feel appreciated and needed at work which boosts the workplace morale. HRM goals will be met in that employees will be doing a great job, which allows them maintain the effectiveness of the company. HRM’s goal is to keep the company running to continue to produce a positive profit and this can be done if employees are taken care of properly. Most new hires are attracted to the high basic salary or hourly wage. Therefore, employee benefits need to be complimentary enough to attract and retain employees that will not want to abandon the company later on for a more attractive offer with another company. By keeping down the costs of continually hiring new employees the company will be able to put that income into the benefits offered to employees. Employee benefits need to be designed to create a necessary value to the employees and the company. They not only need to meet the legal requirements, but they must be competitive, rewarding, flexible, and non-discriminatory. The employer should provide standard and optional benefits to employees. Standard benefits are should include vacation leave, sick leave, emergency/bereavement leave healthcare coverage, cost of living allowances, and so on. Optional benefits should include a list of options for employees to choose that may fit their needs, such as maternity leave (women) and paternity leave (men).
Genentech and Zappos supply employees with the necessary benefits to encourage them to be faithful employees to their respective company. They offer benefits such as bonuses, rewards for longevity, on-site childcare, on-site lunches, and prepared take home dinners. Genentech and Zappos are two of several companies that have...
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