{"id":14,"date":"2022-02-18T01:56:03","date_gmt":"2022-02-18T01:56:03","guid":{"rendered":"https:\/\/blogs.oregonstate.edu\/bostrome\/?p=14"},"modified":"2022-02-18T02:00:02","modified_gmt":"2022-02-18T02:00:02","slug":"mgmt-449-week-8","status":"publish","type":"post","link":"https:\/\/blogs.oregonstate.edu\/bostrome\/2022\/02\/18\/mgmt-449-week-8\/","title":{"rendered":"MGMT 449 Week 8"},"content":{"rendered":"\n

It is tough to decide which discretionary benefits to eliminate, it would be nice to run a company and be in a position to provide all the benefits you want to. Ranking them I think I would be most likely to eliminate some services because the least of these are required by law, although they impact employee morale. Things like tuition reimbursement, outplacement counseling, and transportation services to me are nice to provide but they aren’t absolutely essential if costs need to be conserved. Services like childcare and flex schedules I would be less likely to eliminate because I think those affect an employees ability to do their job successfully. <\/p>\n\n\n\n

The next employee benefit that I would eliminate if I had to save costs are paid time off benefits. I would limit whether sick time rolled over and built each year. I would also be careful of whether paid time off days increased with each year of employment. It’s so important to keep these benefits available to employees as they do so much for morale and loyalty, but if costs needed to be saved I would limit them and how much they could build upon themselves. The benefit I would be least likely to eliminate are protection programs as many of them are required by law and in my opinion do the most to satisfy employees. <\/p>\n\n\n\n

\"5<\/figure>\n\n\n\n

When looking at what discretionary benefits to provide to employees, companies need to consider a multitude of factors. They need to look into the demographics of their workforce to predict what benefits they will most likely prefer. They also need to consider the demographics because they need to know how diverse their workforce is to see how similar or personalized their benefits packages need to be. An example of this would be the evaluation of gender in relation to the amount of childcare benefits to provide. These are important considerations for management. <\/p>\n\n\n\n

It is important for an organization to choose the right balance of discretionary benefits they provide to employees. These benefits can impact their ability to attract new employees, to retain them, and overall to keep employees happy with their jobs. <\/p>\n\n\n\n

Sources: <\/p>\n\n\n\n

Hui, Alden. \u201c5 Different Types of Employee Benefits for a Small Business to Know.\u201d Health Spending Account for Small Business in Canada<\/em>, 4 May 2021, https:\/\/www.olympiabenefits.com\/blog\/5-different-types-of-employee-benefits-for-a-small-business-to-know.<\/p>\n\n\n\n

Martocchio, Joseph J. Strategic Compensation<\/em>. Pearson, 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is tough to decide which discretionary benefits to eliminate, it would be nice to run a company and be in a position to provide all the benefits you want to. Ranking them I think I would be most likely to eliminate some services because the least of these are required by law, although they… Continue reading MGMT 449 Week 8<\/span><\/a><\/p>\n","protected":false},"author":12060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/posts\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/users\/12060"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":3,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/posts\/14\/revisions"}],"predecessor-version":[{"id":18,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/posts\/14\/revisions\/18"}],"wp:attachment":[{"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/media?parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/categories?post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/bostrome\/wp-json\/wp\/v2\/tags?post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}