Employee Benefit

Topics: Employment, Employee benefit, Sick leave Pages: 3 (799 words) Published: August 25, 2013
Week 6 Assignments
August 17, 2013
Professor Smith

1. The importance of employee benefits as a strategic component of fulfilling the goals of human resource management is to find, attract, and retain quality employees (DeCenzo & Robbins, 2009). Treating employees with respect, offering bonuses, rewards, on site lunches, etc. helps keep employees happy, and loyal. The main purpose for employee benefits is to find qualified candidates to fill positions, and want to stay within the company. Without offering employee benefits, employees wouldn’t remain loyal, and productivity would be low. Benefits are an employees’ incentive to want to do their job to the best that they possibly can, as well as stay loyal to the company. In today’s economy, employees want more than just an hourly wage. They want additional benefits that will enrich their lives. Employee benefits have become more important to individuals throughout the years, and employers realize that are a necessary components effective compensations programs. Employers also realize that it’s the benefits that they offer is what attracts employees to the organization, helps candidates decide whether they want to accept an employment offer, and decide to stay within the company after being employed (DeCenzo & Robbins, 2009). Employee benefits are important because they also are cheaper for the employee if they receive benefits through an organization rather than on their own. In addition, it has been evident that “inadequate benefits and services for employees” can cause employees to become dissatisfied with their job and cause them to miss more days of work and increased turnover. 2. Genentech and Zappos use employee benefits as a motivating tool to keep and maintain their employees. Genentech offers benefits such as retirement and health care, family friendly perks like unlimited sick leave, personal concierge service, flexible work scheduling, child care, nursing mothers rooms to nurse...

Cited: DeCenzo, D. A., & Robbins, S. P. (2009). Fundamentals of Human Resource Management. Hoboken, NJ: John Wiley & Sons Inc.
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