Designing and Planning the Benefits Program
4. Discuss the fundamentals of designing and planning the benefits program.
As noted earlier, discretionary benefits can work strategically by offering protection programs, paid time off, and services. As they plan and manage employee benefits programs, HR professionals should keep these functions in mind. There is probably no single company that expects its employee benefits program to meet all these objectives. Company management, along with union representatives as appropriate, must therefore determine which objectives are the most important for a particular workforce.
Many experts argue that employee input is essential to developing a successful program. Such input helps companies target the limited ...
Get Strategic Compensation: A Human Resource Management Approach, 9/e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
