Create a Benefits Plan

timer Asked: Dec 29th, 2018
account_balance_wallet $20

Question description

You are the Director of HR and have been tasked to offer a new employee an ideal benefits package. This new employee has been highly recruited by other organizations, but has selected yours. Design an overall benefits package that includes compensation and a specific benefits package. How will you select certain benefits? What is necessary and what is not?

The requirements below must be met for your paper to be accepted and graded:

  • Write between 700 – 1,000 words using Microsoft Word in APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 80% of your paper must be original content/writing.
  • No more than 20% of your content/information may come from references.
  • Use only 3 outside references

Tutor Answer

School: UCLA




Benefits Package


Benefits Package

For any employer, the ability to manage their employee benefits is an important aspect of
human resource management. There are some mandatory benefits that some employers may be
required to give their employees such as social security contributions but there are also some
voluntary benefits that the employer may opt to give their employees. The compensation package
of employees is a cost that the business has to be ready to incur and at the same time, it is an
important part of recruiting and retaining employees. There is a great need for employers to have
a well-thought-out plan on their benefits package. The benefits plan for a new employee should
have several components which will determine what is necessary.
The benefits package of a new employee is an important determinant of the
competitiveness of an organization. When deciding the items that are going to be in the benefits
package it is important to consider some factors. To begin with, the objectives or goals of the
organization's benefits package have to be determined (SHRM, 2017). The human resource...

flag Report DMCA

Good stuff. Would use again.

Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors