Analyze the following situation:

The ATE International company, dedicated to telephony, has hired you to develop a benefits package for its employees. 60% of the workers of this company are women; and 40% are men. The average age of its workers is 30 years. This package must include benefits required by law, negotiated benefits and employee services.

 

• There are many compensation issues facing businesses and organizations today. 
• Based on the information presented, develop the benefits package requested for ATE International employees. This must contain at least 10 marginal benefits.
• Then, justify why they will pay the salaries you gave them and the benefits package you designed. It provides a detailed explanation of each of the 10 benefits granted.

 

An employee benefits are required even for small companies. Giving employees the benefits is one of the goal for the continue of being competitive. These are the common employee benefits package:

1. Flexible schedule
2. Dental Insurance
3. Retirement
4. Paid Vacation and Sick Leave
5. Paid Holidays
6. Free food.
7. Health Insurance
8. Disability Insurance
9. Life and Accident Insurance
10. Pay Raises

Step-by-step explanation

Flexible Schedules

It is one way to give the family needs, responsibilities and obligations. Having a flexible schedule can have the time to go to gym, attend different school meetings. It is allow the staffs to enjoy working.

One of the advantage of the flexible schedules is they can adjust the days and hours in the office. Staffs can avoid traffic. They can also do the work at home. They save costs. They can have their own schedule and work environment, where they can do their work happy. It promotes a healthy work life and less stress and burnouts.

Dental Insurance

Employers offer this kind of benefits so that they can focus on work and prevent the absences in the company. It is the one who helps strong relationship to the workers. Monthly or quarterly check up with the dentist can be a prevention.

The advantages of this Dental Insurance is to have the staffs more productive days. A loyal employee is the one who are very happy in the company. Base in research it helps the employee increase the loyalty because of this benefits package and it is considered one of the most important benefit in looking for a job.

Retirement

It is the benefits for the future lives of the employees. After the stressful life in working, retirement is the scene where the employees started to lessen down the stress. Retirement or in other term is a pension that monthly can receive by the employees after the year he/she serve in the company.

Paid Vacation and Sick Leave

It is the time where the employee got sick or have the time to prevent stress. Every employees need to have a chance to relax, enjoy and refresh. And when they come back, they are motivated, more productive with their co workers and superiors.

No one like to be sick. Advantage of having a paid sick leave is the prevention of spreading the disease in the workplace and affects the other workers. It will cost more delays if some of the employees got sick.

Paid Vacation Leave can lead them to have a quality time with their family. A chance to travel for a few days to relax and enjoy outside the company.

Paid Holidays

Let the employees stay with the family during holidays. It is not about the money, it is the chance to give love with the family and friends during holidays.

While getting in to work during holidays can have the benefits also, some companies have a little reward for those who are in the workplace during holidays. Some are giving gift certificates and small cash as a reward.

Free Food

It can boost the employees to motivate and work hard for the company. It is considered as a perks. Celebrating special events are most likely appreciated by the employees with the free food. It is represent as a thankful for all the hard work and continue success.

It is one of the encouragement for the employees to more interact in the company. It can start with small like some snacks or coffee or some healthy snacks.

Health Insurance

Health Insurance provides the protection for hospitalization expenses, ambulance charges and many others. It is the financial protection in case of any emergencies.

It offers vitamins, vaccines and check ups to ensure the capability of the employee to work in the company. It is to keep the whole team and happy for achieving the success of the company.

Disability Insurance

It is the guarantee benefits for the employees who have an accident while working the work premises or work related. They can't work because of the ill and damages from the accident. They are out of work but they can receive a monthly income. The advantage of having this is the continue showing the support to the employee even he/she can work.

Life and Accident Insurance

This is covered the claims of the family when an employee is death. It can help the beneficiary in covering the payments for the burial and all funeral service. Advantage to the beneficiaries of the employee to be an income.

Pay Raises

Increase of the wages of the company allow employees to do more and more to have promotion. Employees have to gain more accomplishments within the days for motivation of the pay raises.

Others have to promote in rank the employees. It give more responsibilities but it can be more in income for the family needs.