StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Human Resource Management Benefits' Choices - Research Paper Example

Cite this document
Summary
These legally required benefits include Medicare, social security, workers compensation, unemployment compensation, and family and medical leave. Since employees regard these…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Human Resource Management Benefits Choices
Read Text Preview

Extract of sample "Human Resource Management Benefits' Choices"

of Lecturer] Management Human Resource Management "Benefits Choices" The Impact of the Legally Required Benefits to EmployeesThere are several benefits that employers are under legal obligation to provide to their employees. These legally required benefits include Medicare, social security, workers compensation, unemployment compensation, and family and medical leave. Since employees regard these benefits as their employers’ function to provide and care for themselves and their families, it is imperative that employers address these needs; otherwise the impacts would be enormous (Beam et al. P. 9).

Some impacts of these legally acquired benefits are increased pressures due to employee perspectives and overt and subtle requests to provide and improve these divergent benefits. Failure to sincerely respond to these legally required benefits may result in an employer failing to retain the best of its employees thus losing the all important attract-and-retain game (Beam et al. P. 12). Employers must however be on the lookout for the extra cost impacts related to the provision of the above legally required benefits to employees.

Most Desirable EmployeesFor increased discretionary benefits, employers must always be on the look out not to lose their best employees. It is thus imperative that the most desirable employees are identified and retained. To achieve success at retaining the best workers, employers have to look for the traits that make employees most desirable among their peers. The most desirable among today’s employees are those not quite like the others, have good sense of humor, and are more engaging and outgoing compared to others.

In addition, the most desirable employees are not that concerned about protocols, thus ask their employers more direct questions, especially regarding the next step in task execution (MB Financial Bank, P. 7). The best employees are also self-starters, do not take time off for trivial reasons, and are rarely, if ever, late for work. Strangely, the best employees are not workaholics but only stay after if there is extra legitimate work to be done, never complaining in the process (MB Financial Bank, P. 8). The best workers are also task oriented, use Job description only as guideline, and might require occasional restraint while at work.

Finally, such employees do not expect praise but appreciate it. Works CitedBeam, T. B., McFadden, J. J., and Stefano, K. Employee Benefits, Ninth Edition, 2012. DF Institute, Inc/a Dearborn Real Estate Education.MB Financial Bank. Benefit Packages for Employee: Employee Legally Required Benefits, 2012. Banking Resource Center. Retrieved on May 29, 2012 from http://www.mbfinancial.sbresources.com/SBR_template.cfm?DocNumber=PL05_0050.htm

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Resource Management Benefits' Choices Research Paper”, n.d.)
Human Resource Management Benefits' Choices Research Paper. Retrieved from https://studentshare.org/management/1597738-human-resource-management-benefits-choices
(Human Resource Management Benefits' Choices Research Paper)
Human Resource Management Benefits' Choices Research Paper. https://studentshare.org/management/1597738-human-resource-management-benefits-choices.
“Human Resource Management Benefits' Choices Research Paper”, n.d. https://studentshare.org/management/1597738-human-resource-management-benefits-choices.
  • Cited: 0 times

CHECK THESE SAMPLES OF Human Resource Management Benefits' Choices

Annotated Bibliography - Outsourcing Human Resource Management

Outsourcing, human resource is a strategic move by organizations to improve the flexibility and quality of their workforce, while at the same time improving on the company's capability, to accommodate impending change and stay way ahead of market forces (Benson & Littler 2002).... The need to outsource affects not only employees, but also owners, human resource managers and executives.... Outsourcing, human resource is a strategic move by organizations to improve the flexibility and quality of their workforce, while at the same time improving on the company's capability, to accommodate impending change and stay way ahead of market forces (Benson & Littler 2002)....
8 Pages (2000 words) Essay

Benefit Plan Analysis: Metropolitan Chicago Health Council

According to Bohlander (2009), the inclusion of defined or non-defined retirement schemes in the benefit plan leads to risks and more workload in terms of resource management.... Benefits program The benefit program also requires development of structural choices at all levels.... It has a wide range of hospital human resources section requirements which handles the benefit plan on behalf of the employees....
6 Pages (1500 words) Term Paper

Anagement Decision Making - Important vs Urgent Work

The paper "management Decision Making  -  Important vs Urgent Work" explores the need to learn how to correctly align priorities, choosing between important and urgent tasks.... Nowadays the world of business is not traditional, here all the level of management either mid-level of management or top level of management or even the leadership level (decision makers ) are in a trouble to differentiate between IMPORTANT AND URGENT TASKS....
11 Pages (2750 words) Term Paper

Human resource issues in knowledge management

Furthermore, human resource management still forms an integral part of knowledge management because the ultimate benefit that KM is giving is to the employees of the organizations.... Armstrong, Michael (2006) a Handbook of human resource management Practice.... Jackson, John (2006) human resource management.... One of them says that knowledge is intellectual capital and thus, like any other capital, it should also be managed by the company human resource Issues in Knowledge Management and Section # of Knowledge management can be defined as any organizations efforts to enable the handling of knowledge that it possesses in an effective and efficient manner and in such a way which gives the utmost advantages and benefits to the human resources that exists within that organization, so that implicit and explicit, both types of knowledge can be stored, accessed, used and analyzed by the human resources there....
2 Pages (500 words) Essay

Human Resource Information Systems

In the paper “human resource management System” the problem of the Castle's Restaurant, on the dilemma of the Human Resource manager travelling to all the business locations....  … Being the leading consultant company in California State, the author suggested that the company should incorporate into its system the use of human resource management System (HRMS) software....   human resource management System human resource management System Review of the problem After studying and analyzing deeply the problem of the Castle's Restaurant, on the dilemma of the Human Resource manager travelling to all the business locations, my Consultancy Company decided to research for an appropriate solution....
2 Pages (500 words) Essay

Virgin Atlantic Human Resources Practices

human resource management is a vital component for achieving employee satisfaction in any company or institution and this department is inclusive of all employee areas.... Without good human resource management, any organization cannot have an cooperative and productive team to… Virgin Atlantic is a global corporation whose approach on strategies of human resource is impressive.... They seem to have perfected all the five models of human resource....
5 Pages (1250 words) Essay

Human Resource Management: the Human Resource Issues of All Countries

The job of the human resource manager is very crucial for the organization.... The models definitely reflect the human resource issues of all countries across the globe including the likes of Africa, India, and China.... The human resource policies should be such that the employees are always kept motivated and there are no grievances whatsoever among them.... human resource manager deals with the most precious of the organization i....
13 Pages (3250 words) Research Paper

Human Resource Management Project, Recruiting and Selection

The reporter underlines that human resource management competencies have come to the front in the wake of certain crucial alterations in a company's structures, the number of human resource personnel, and the required competencies.... Proper use of it would promote efficiency and effectiveness in the delivery of service by the human resource management (Friel, 1999).... Moreover, in the new concept of business environments, the various strategies, functions, and objectives related to it play crucial roles towards developing various reforms and actions in the human resource workforce....
10 Pages (2500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us