employee benefits (hrm)
TRANSCRIPT
-
7/28/2019 Employee Benefits (HRM)
1/15
(Employee Benefits)
-
7/28/2019 Employee Benefits (HRM)
2/15
Presented By
S.M. Ziyad Ahmed 11264010
Mohammad Jahidur Rahim 11164035
Jashim Uddin Sarker 11264013
-
7/28/2019 Employee Benefits (HRM)
3/15
Discussion Topics
The role of benefitsTypes of Benefits
Issue in indirect Compensation
-
7/28/2019 Employee Benefits (HRM)
4/15
Benefits
Employee benefits are a tool used by businesses to
attract potential applicants, improve employeesatisfaction, reduce turnover and maintain competition.Employee benefits are various non-wage compensationsprovided to employees in addition to their normal wages
or salaries.
-
7/28/2019 Employee Benefits (HRM)
5/15
The role of benefits in reword systemAdvantages to Employer
Job satisfaction
Motivation
Low Absenteeism
Low Turnover
Enthusing and motivating employees to workharder
-
7/28/2019 Employee Benefits (HRM)
6/15
Advantages to Employer (Cont..) Improving staff retention and attraction
To foster good morale
Improving the health and welfare of employees Being seen as an employer of choice
Reducing workplace stress
Complying with benefits regulations
-
7/28/2019 Employee Benefits (HRM)
7/15
Advantage to Employees
Peace of Mind
Increases self-confidence Employees can feel a sense of pride
Employees can feel a sense of protection
-
7/28/2019 Employee Benefits (HRM)
8/15
TYPES OF BENEFITSMandatory protection programsCompensation for time not working
Other protection programs
-
7/28/2019 Employee Benefits (HRM)
9/15
Mandatory protection programs
Retirement Pensions
Long-term disability income
Healthcare & Wellbeing
Health Benefits for Retirees
Pay, Bonus & Reward
Unemployment compensation
-
7/28/2019 Employee Benefits (HRM)
10/15
Compensation for Time Not Worked
Holidays
Vacation
Sick Leave
Personal Days
Other leave
-
7/28/2019 Employee Benefits (HRM)
11/15
Other Benefits programs
Life, Health insurance and AD
Tax-Efficient Benefits
Childcare & Carers
Company Cars & Fleet Flexible benefits
Technology & Administration
Financial Education
-
7/28/2019 Employee Benefits (HRM)
12/15
ISSUES IN INDIRECT COMPENSATION Cost Containment
Flexible Benefit Options
Communicating About BenefitsWork-Family Issues
-
7/28/2019 Employee Benefits (HRM)
13/15
ConclusionIt is important that organization help employees fullyunderstand all of their options and the true value oftheir benefits package.
We believes that well-implemented workplace flexibilityoptions, including paid leave, lead to increased
employee commitment and engagement, greaterproductivity, reduced turnover, reduced stress, andincreased profitability.
-
7/28/2019 Employee Benefits (HRM)
14/15
Thank You
-
7/28/2019 Employee Benefits (HRM)
15/15
Any query?