Chapter 13 talks about employee benefits which are compensation in forms other than cash. There are some benefits, such as Social Security or unemployment insurance, required by law. However, many of them are optional benefits; paid leave, medical insurance, retirement plan etc. To select employee benefits, employers need to consider the organization’s objectives, employees’ expectations and values, and benefits’ costs. Indeed, organizations should aware of the regulations to design and administer benefits programs.
Do you know the detail of the benefits your company provides? I remember that one of employees who quit the job said that didn’t know the company provided education support and felt regret for not using the benefit.
This chapter talks about the importance of communicating information about employee benefits. According to this chapter, employees and job applicants often have a poor idea of what benefits they have and the market value of their benefits. Employer spend large amount of money on benefits, but if employees do not understand how to use them or why they are valuable, the cost of the benefits will be wasted. Therefore, organizations must communicate benefits information effectively so that the benefits motivate employees.
What is the best way to communicate benefit information to employees?
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