Evaluating The Employee Benefits Options Available For Our Current Job Market And Provide A Solution For Crangle Fixtures

2000 WordsApr 30, 20168 Pages
The purpose of this assignment is to evaluate the employee benefits options available in our current job market and provide a solution for Crangle Fixtures. This trend of shifting benefit costs to the employees is not new, I saw it happened in 1990 but it is not a popular decision and has been increasing in the market due to the health care reform. I found several articles discussing this trend and for example the ADP Research Study published the following in 2010: “The 2010 MetLife Study of Employee Benefits Trends showed that employee loyalty had declined year over year, and was, at the time of the study, at a three-year low. Our survey findings suggest there may be a link. Many of the HR/benefit decision makers we surveyed indicate that shifting health care costs to employees has had a negative impact on morale and job satisfaction. This is not surprising given that benefits cost-sharing hits employees where it hurts the most - in the paycheck.”("Talent Management Challenge," n.d., p. 1) To begin this assignment I need to determine what kind of benefits are acceptable and moreover competitive for the fixtures’ industry. The Bureau of Labor Statistics published this information in 2014: “The median annual wage for all workers in manufacturing was $37,690 in May 2013, higher than the $35,080 median annual wage for all workers. In some occupations, workers have higher wages in manufacturing than they do in other industries. For example, in May 2013, general maintenance

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