Corporate employee benefits

Does this Corporate Employee Benefits assignment look familiar? Many professor's assign topics just like this and our writers custom write each one. Recent trends in corporate employee benefit and retention packages and the future of these benefits in view of increasing corporate malfeasance and greater scrutiny of corporate finances by shareholders.

Company benefits vary widely from company to company and from industry to industry. In times when there is a tight job market, company benefits can be utilized as a tool to both recruit and retain valuable employees. At other times, generous employee benefits help increase employee satisfaction and boost morale which both lead to increased employee productivity. To demonstrate the differences in benefits offered from company to company and industry to industry, several companies and the benefits they offer should be contrasted and compared in a research paper. Some of these companies may be LucasArts Entertainment Company, Western Digital, TradeStation Securities, and Ford Motor Company.

THE TRADITIONAL CORPORATE MODE

1. Traditional Corporate hiring practices
2. Traditional Corporate employee packages
3. Traditional Corporate retention packages

   THE MODERN CORPORATE MODEL

   1. Modern Corporate hiring practices
      1. Signing Bonuses
      2. Relocation Packages
      3. Interest free loans
   2. Modern corporate employee benefit packages
      1. Medical, Dental, etc.
         1. Discuss Federal legislation
      2. Family Leave
         1. Discuss Federal Legislation
      3. Vacation
   3. Modern corporate retention packages
      1. Flex -time
      2. Virtual Offices

THE FUTURE OF EMPLOYEMENT BENEFITS

1. Outsourcing of employees
2. Lean Corporate Structures E.G. fewer employees with better benefits
3. Competition with overseas markets

The latter part of the 20th century saw the use of new benefits by employers in response to the continued increase of women in the workplace. Because many households have both parents working, some new benefits have tended to be more family-friendly. For example, many employers offer some form of flexible employee hours to help accommodate family needs. Also, the Family Medical Leave Act was passed in the 1990s, which forced businesses with more than 50 employees to allow employees to take up to 12 weeks of unpaid absence per year to take care of a baby or to deal with a serious illness. Another new benefit combines sick leave and vacation time into one grouping called paid leave banks. This is another way in which flexibility has been added to employee benefits.