Month: February 2021

When creating and discussing a list of benefits in our groups this week, our top ranks were very similar. We all agreed that benefits such as health/dental insurance, 401k, and paid time off were non negotiable. When compared to other benefits that are often offered, these seemed to be the minimum of what we felt companies should offer. Personally, I think the reasoning behind this is fairly simple. When looking at a long term job, you want a company that will offer you the benefits necessary to take care of yourself and provide for your family. Additionally, just about every company is willing to offer this.

Our non essential benefits varied between us, depending on more personal preference. Some of us would prefer tuition reimbursement, while others are attracted to the idea of wellness programs. The varying answers our group had were not surprising, as our priorities and backgrounds vary.

It is interesting to look at the reasoning behind different companies benefits packages and why they offer what they offer. If a company has a lot of entry level positions they need to fill, those candidates most likely won’t be as interested in benefits such as child care. On the other hand, middle aged employees who are looking to start a family would hold benefits such as maternity leave to a very high regard.

Benefits are a huge factor in deciding what company you are willing to work for long term. A company must look at what they are able to offer while also keeping in mind the demographics of their employees.

With millions of companies in the world today, each is unique to one another. No two companies are the same, hence why their way of paying employees differs as well. Different pay structures allow for a company to base an employee’s salary on what aligns with their companies mission as a whole. There are two different kinds of pay structures. A person focused pay structure rewards employees based on them acquiring new skills, knowledge, and competencies that will help them be more successful in their position. A job based structure focuses more on the responsibilities and skills required for the job itself.

I decided to analyze RXBAR. RXBAR is a snack brand that is primarily focused on simple ingredients that promote a healthy lifestyle. The employees at RXBAR are held to the same importance level as the product. They are focused on investing in their people, and promote training and career development heavily. By maintaining a flat structure, they encourage employees to collaborate and increase their knowledge for the product outside of work. It is crucial to them that each employee feels empowered to be their true self, making self development a top priority.

After looking at RXBAR’s website, reading their mission statement, and analyzing their company structure, I came to a conclusion that I feel a person based pay structure would benefit them. By rewarding their employees for bringing the ideals of the brand outside of work, they will be more likely to open doors to new and innovative ideas. Their brand is medium sized, but growing quickly and expanding from just the original ‘RX bar’ it began as. Employees educating themselves on things such as nutrition and physical activity could be a huge positive for their brand, and should be awarded within their pay structure.