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 …show more content…
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 in, they have onsite nurses, adoption assistance, company sponsored family events, pet insurance, free snacks, and paid six week sabbaticals every six years, as well as simply treating their employees with respect (DeCenzo & Robbins, 2009). Genentech goes above and beyond to give their employees incredible benefits, and with that being said, the benefits they receive definitely are enough incentive to keep employees motivated. Zappos on the other hand, provides benefits such as having pajama parties, nap rooms, regular happy hours, and a full time life coach (DeCenzo & Robbins, 2009). Apparently the benefits that both of these organizations’ is working because both organizations have low turnover rates, as well as high employee ratings for satisfaction. Providing these types of employee benefits keeps employees happy, and makes them want to stay within the organization, as well as be the best they can be at the job they’re entitled to do. Especially considering the fact that both of these employers go above and beyond what is even required for them by law to provide. The main key is to make sure employees are happy with their employer, and that they enjoy going to their work every day. Little incentives such as having pajama parties, or onsite lunches are just as important as big incentives like health insurance and paid vacation