Employee Benefits

Employee Benefits

• Quantifiable value- Pension Scheme etc • Immediate benefits • Holidays- Non Monetary

Objectives • Increase Commitment • Provide personal needs- financial assistance, car , petrol etc • Company cares • Attraction

Benefit Policies • • • • • •

Range of benefits- Pensions and Holidays Scale of benefits- value Allowing choice- Generation Allocation of Benefits- benefit grades Market Considerations- competitors Government Policy

Benefits Practice • • • •

Employee Status- Hierarchy Local sector practice- Varies Private or public sector Employers views- Clean Cash

Principal Types of Benefits • • • • • •

Pension Schemes Personal Security- illness Financial Assistance-loans Personal Needs- child care, counseling Other benefits- Clothing Allowance, bills Intangible benefits-