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Essay / Research Paper Abstract
A 4 page paper discussing the nature and rationale of employee benefits in today’s business environment. Describing employee benefits a generation ago was quite simple. Most larger employers offered several benefits to its workers; smaller ones offered little or none. That aspect has not changed greatly today, but the nature and the number of the benefits offered certainly have. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSempBenefits.rtf
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Unformatted sample text from the term paper:
ago was quite simple. Most larger employers offered several benefits to its workers; smaller ones offered little or none. That aspect has not changed greatly today, but the
nature and the number of the benefits offered certainly have. Significance of Employee Benefits Benefits that employees offer today in many cases are
much different in form from those of even 20 years ago. Then, a large company could be expected to offer healthcare insurance, life insurance, vacation, sick days and a
variety of smaller, more specialized benefits such as adoption assistance or tuition assistance. Employee assistance programs still were not widely used, because some individuals feared there would be negative
implications at work. The senior vice president and managing director of human resources worldwide for Chubb & Son Inc. writes that part of
his companys ability to attract and retain a high-performing workforce is because the company strives to keep Chubbs benefits valuable to employees and relevant to their lives (Graham, 1996).
That company surveyed employees in the early 1990s to discover how their benefits were working for them and how Chubb could improve. The point is not to promise employees
the moon, but rather to provide a bridge between work and personal lives. The costs of recruitment and hiring are high, and it is difficult to estimate the impact
of turnover in many positions. It makes little difference who takes a fast-food order, but loss of continuity in other kinds of positions is costly to the organization.
The astute organization seeks to avoid these expenses by applying financial resources to employees lives. Becoming an employer of choice reduces turnover and gives the employer a wider range
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