Bchrm-Module 2 Paper

BASIC CERTIFICATE IN HUMAN RESOURCE MANAGEMENT module 2 Managing Human Resources & Payroll Administration Group Assignment Submitted by: Teh Yin Khim (Jennifer) Marsita Binte Aman Pang Xue Ying Eva Huang Jing Jing Question: What are the types of fringe benefits granted to employees by your organisation and explain the reason for these benefits. belt Benefits Introduction: Fringe benefit is the compensation to employees in addition to salary. The close greenness benefit packages include health insurance, dental insurance, life insurance, hinderance insurance, paid holidays, paid sick leave, and retirement plans. A more comprehensive package may include child-care services, flexible acetify schedule, paternity leave, relocation expenses, transportation benefits, employee discounts and education programs. Benefits are most often offered in packages, but there are also cafeteria style plans where employees choose the types of benefits they want. In such cases, employees need to set which benefits are most important to them. Advantages of Giving Fringe Benefits Employers position down several reasons why they provide fringe benefits even if this manner additional expenses.

* With extensive health coverage plans, companies can entertain their key employees and workers who had provided satisfying services. * Usually, most employers enjoy tax breaks especially if they provide group health plans. * Workers will usually privilege better fringe benefits to higher salary; it also allows employers to crucify their expenses. * Several studies suggested that employees who are covered by a veracious health insurance are less likely to be absent from their work. Its help to increase productivity to the companies. * When receiving benefits, workers will recall that their companies are good employers, boosting their morale and improving their work ethics, thus reducing employee turnover. * Employers may get personal benefits for... If you want to get a full essay, order it on our website: Ordercustompaper.com

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