EMPLOYEE BENEFITS A growing proportion of the compensation employees receive is

EMPLOYEE BENEFITS
A
growing proportion of the compensation employees receive is not
provided in the paycheck. Rather, it is paid in the form of benefits
that employers increasingly must offer to compete in the labor market or
to satisfy union demands or legal requirements. In order to emphasize
that these benefits constitute a significant part of the compensation
employees are paid; employers increasingly are using the term “total
compensation.” Different types of employee benefits entail different
problems and costs.
SAFETY AND HEALTH
Safety
and health programs have continued to receive employer attention since
the passage of the Occupational Safety and Health Act (OSHA). For
several reasons discussed in the text, employers have intensified their
efforts to create safe work environments. Similarly, they have developed
programs to reduce health hazards on the job. Many employees have
instituted programs for building better health and for providing
assistance to employees. They have developed stress-management programs
to teach employees how to minimize the negative effects of job-related
stress.
Question: Many
organizations are concerned about the rising cost of employee benefits
and question their value to the organization and to employees.
In your opinion, what benefits are of the greatest value to employees? To the organization? Why?
What can management do to increase the value to the organization of the benefits provided to employees?
Snell, S., & Morris, S. (2018b). Managing Human Resources (18th ed.). Cengage Learning.