Running head: EMPLOYEE BENEFITS
How are benefits designed for employees?
One of the most vital undertakings for any company is managing the benefits of the
employees. Nevertheless, managing benefits that are given to the employee can be a costly
endeavour. In many cases, some of the benefits are mandatory for any organization that wants
to do business, For instance, Social security and worker compensation insurance.
Nonetheless, there are benefits which are offered voluntary by the company, for example,
medical insurance, life, and disability insurance. Due to the cost and the importance of
benefits, a company should have a well laid out procedure which it will use to manage
employee benefits in a way that is satisfactory to the employees and the employers (Marcks
& Sullivan, 2016). Managing the benefits for the employees can be done in five definitive
1. Identify the objectives and the budget of the employee benefits.
This will involve defining what the company wants to achieve by offering the benefits.
This will be vital in providing the guidelines for the designing and managing the benefits
program. In developing the object...
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