Discretionary Employee Benefits

Employee Benefits: The Company should consider and perform a cost benefit analysis for offering better benefits for employees.

Dennis Whedbee’s crew moved quickly to prepare an oil well for pumping on the Sweet Grass Woman lease site, an area of vast plains teeming with crude oil in North Dakota. It was a mundane fall day in September of 2012, and Whedbee, a derrickhand, was helping remove a pipe fitting from the well when it suddenly burst. Oil pressurized at more than 700 pounds per square inch spewed out of the well, hitting Whedbee and instantly ripping off his arm below the elbow (Grabell et al.). Little did Whedbee know that the worst was yet come when he would struggle with laws restricting his workers’ compensation benefits for years to come. Whedbee is not the only one who has faced these difficulties. Over the past few decades,

In the absence of labor unions, workers may not be as involved in discussions concerning various aspects of their working lives. Although there are several reasons workers decide to join labor unions, the compensation and wage advantages, health and safety advantages and dignity and respect advantages drive workers to organize.

Dating back to the eighteenth century—when labor unions originated—many workers were searching for jobs that had not yet been guaranteed, or created. Then in the nighteeth century, labor unions came to be quite notably the Knights of Labor created a social and cultural movement for the workingman. The overarching theme for all the labor unions was that working in inhabitable work environments and being under paid were simply insufferable; however, some argue the effectiveness of labor union attributing it to an economic downturn that would soon come. While on the other hand, many argue unions could help the issue between America’s largest corporations not sharing their wealth amongst those employed. Due to the right to work laws union membership

In this paper, I am going to talk about hourly and salaried employees. As we all know, a company or business cannot run without both of these employees especially if it is a large organization. Working together these employees make a company successful. In a business it is important to employ the right candidates to fill these positions. Some require a higher educational background while other positions do not. It depends on the needs of the person applying with or without a degree. Some places offer promotions in lieu of education, but do not pay very well. Speaking for myself, when moving from a hourly to salary position, they offer a ten percent increase only if you make less than what they are offering. Sometimes, it does not benefit to take a salary position.

If being a worker in the late 1800s/early 1900s and had to choose a labor union I would go with the Knights of labor. For the reasons of how they explain the type of labor union this is that it is a very equality based. Same pay and same benefits as well as same hours as everyone else that is working in that area. Including the idea of the health and safety being provided to workers that are in the mining, manufacturing etc. is a great help if someone is injured during the working hours and the labor union would assist with that. “ To secure for both sexes equal pay for equal work” (Knights of labor 1878) To have same pay as everyone else makes it better to have because you don’t want to working for long hours and not get the right amount

The Affordable Health Care Act (ACA) ensures that all employees of employers with 50 or more employees have access to health insurance through their employers. It requires employers to provide health insurance that covers at least 60 percent of the cost of covered services and at no greater cost to the employer than 9.5 percent of annual family income. In addition, the ACA entitles employees to coverage for "essential health benefits" as defined by individual states and that typically include emergency services, hospital and physician services, maternity care, prescription drugs, and preventive care.

A labor union is an organization intended to represent and protect the collective interests of workers. Additionally, they are used to improve their wages, hours, benefits and working conditions. Numerous companies have their own union. There is a union for everyone from actors and musicians to janitors and plumbers. In fact, according to the United States Bureau of Labor Statistics, approximately 14.6 million wage and salary workers belong to a labor union. This proves that no matter what profession you’re in, there is a union specifically designed to secure your best interests. Overall, labor unions are extremely necessary and beneficial to our society. Additionally, they have had “a substantial impact on the compensation and work lives of

and go over the plan with the employee. This may cost more money for the company, but the company may

Employees often consider what discretionary benefits are available when deciding to work for an employer.

The definition of discretionary benefits is divided into three categories: protection programs, paid time off and services that the law does not require an employer to offer its employees. Some of these benefits might include mental health and physical health, dental and vision insurance, prescription drugs for the employee and their families. Other benefits might include assistance for paying child care, tuition assistance, pension plan and life insurance are a few examples of the types of discretionary benefits a company might offer. They are many reason for a company offering these types of benefits,

When it comes down to at-will employment, it benefits employers and employees. With at-will employment, an employer has the right to terminate an employee at any time and for any reason. There are no predefined legal requirements in terms of notice being served periods. This means the termination can be done with no prior notice. If an employer or an employee who is in an at-will employment position decides to terminate the employment relationship, the other party has no other

Good human resource strategies are difficult to achieve, hard to sustain, and expensive. The objective of a human resource strategy is to manage labor and design jobs so people are effectively and efficiently utilized.

There are great health care benefit programs for employees in most organizations. However, the age limitations are causing serious concerns when it comes to mental care for dependent adults over the age of 26. This needs to change, as mentally ill patients over the age of 26 are left without healthcare insurance; which is never a good thing. Mentally challenged individuals deserve to be protected and covered as dependents under their caregiver’s insurance plans as long as they live. The term dependent should not be restricted to an age, but rather be a term that defines the individual who is unable to provide for themselves due to some mental disorder. Therefore, if organizations change their policies and include the mentally ill as a dependent regardless of age, then, it is likely for economies to see declining crime rates, less cost to taxpayers for essential services, and better overall rehab facilities.

The organization for which I am designing the compensation package is a company that offers internet solution to customers in the domestic US market and the global market. The position that I am hiring is that of a company secretary. The secretary will be required to work in the office of the human resource manager and will handle all the papered and paperless documentation. The position comes with numerous benefits and packages as outlined herein.