Sunday, May 12, 2019

An investigation into perceptions of employee benefits in UK Literature review

An investigating into perceptions of employee benefits in UK - Literature review ExampleEmployee benefits can be short term, long term and consequence benefits. Short term benefits generally allow monetary and non-monetary benefits for a short period. Long term benefits include pensions and other retirement plans. A possible narrowest definition will include employer-provided benefits for accident, death, retirement, sickness or unemployment (Weathingtin and Tetrik, 2009). However, in order to better understand the employee benefits, it is important to cover all forms of employee benefits and compensation schemes used across the globe. The virtually frequently used employee benefit forms be as follows2. Payments for retirement plans and private insurance These include cost of starting such plans and contributions in forms of payments or insurance premiums through alternative arrangements for funding (The British mental society, 2014). The government has set policies for providi ng benefits under various plans in case of personal loss. The personal loss covers the pursuance aspects4. Extra payments to employees through cash. Other than bonuses and wages, cash payments are also provided to employees on the basis of performance. This category of benefits includes the hobby factorsEmployee benefits and compensation packages have become a very common as well as needed phenomenon for employees and workers in the 21st century. As a result of globalizations and increasing opportunities in work and career, workers and employees have started realizing their expenditure and have started demanding more from their employers (Dulebohn, et al., 2009). As a result companies have not integrated benefits and compensation strategy into their core management. As the economic environment is becoming more service oriented and work forces are becoming white collars, these employee benefits are naturally expected.The necessity of employee benefits is more for employers than for employees. In the current

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.