Name: Shruti Gupta

Sap id: 50066887

Roll no:23

ANSWER : Employee benefits are one of the most important tool to make your team feel valued,
appreciated, and loyal. These benefits ranges from health benefits, to retirement savings, to flexible
schedules employees want to work for a company that makes them feel secure and satisfied.

However, for smaller companies, finding the right mix of benefits to create a positive return on
investment is a challenge. To attract and retain excellent people to represent the company, it is better to
consider the types of benefits that employees truly value. Then, looking for various cost-effective ways to
offer the most important benefits to the employees.

A: There are various benefits that are useful for the employees as well as for organizations, these
benefits according to me are listed below:

 Health Care benefits.

 Retirement benefits.
 Paid Time Off benefit.
 Workplace Flexibility benefit.
 Wellness Program benefit
 Tuition Reimbursement benefit.
 Flexible and Family-Friendly Schedules benefit.
 Pay Raise or Performance Bonus benefit
 Life Insurance benefits.
 Telecommuting benefit.
 Workplace Perks benefit
 Professional Development & Training benefit.

When a company is considering to offer various benefits to employees, it can be done in a

manner that helps by involving all the parties. These above mentioned benefits are those, that are not
only valuable to the employee, but also to the organization. Therefore, by offering these types of
benefits, it is a win-win situation for the employee as well as the organization.
B:
There are various other factors that an organization can take under consideration to increase the
value to the organization and the benefits that are being provided to the employees:

 Vacation Time for the Employees

An employee who is not being able to get any time off from work has a great chance of experiencing
burnout. The unability to take a break from their hectic work can also result in lower employee morale.
Combining employee burnout with low employee morale, decreased productivity is inevitable. This
decreased productivity can be a catastrophic blow to an organization. In order to avert the employee
burnout and low morale, an organization should allow the employees to take time off from their hectic
schedule. This time off can be either paid or unpaid vacation time. When the employee returns from
vacation, he will likely be refreshed and ready to work with a fresh mind.

 Health Insurance Benefits:

An employee with no health insurance is quite likely to miss their work because of illness. An ill
employee who is not present is a nonproductive employee. By providing an employee with certain
health insurance options, the organization is taking a proactive/bold approach. Health insurance allows
the employee to regularly visit their doctor when he/she is ill. Depending upon the health insurance
policy provided by the organization, he/she can also go for wellness checkups to decrease their risk of
future illnesses. Health insurance benefits the employee in a most helpful manner so that their medical
needs are covered. The organization is also benefitted because of the fact that an insured employee is
more likely to see a doctor regarding his health issues. The insured employee is now less likely to miss
time from work because of illness.

 Stock Options for the Employees:

When a company offers ESOP (employee stock options and ownership) benefits, the employee is able
to invest in the company's stocks. This benefit can be advantageous for the employees , especially
when the stock is offered at a very discounted rate. An employee who purchases company stock has a
equitable interest in the company's overall success. This is beneficial to the organization, since an
employee with an equitable interest is more likely to be productive and contribute to the overall success
of the organization. The organization also benefits because of the fact that each share that is purchased
helps in increasing company's equity.

 Employee Assistance Program for the Employees:

Every now and then, an employee may have to deal with a mentally disturbing experience at home or
on the job. If the employee's mind is focused on the destruction or crisis, then automatically he will be
less focused on his work. This can result is decreasing productivity, which results in a loss to the
organization. Therefore, by providing the employee with an employee assistance program, or EAP, he
can receive crisis counseling from various professional counselors. Under some employee assistance
programs, the employee can also receive frame of references to other agencies that can provide tangible
assistance during a time of need.