Analyzing the Employee Benefits

Employee benefits refer to the benefits that either full-time or part time employees get from the companies that hire them.

Target

The package targets team members that work for two and a half days or less every week. They are eligible for health cover after six months. There are other benefits that all other employees get, including free vaccinations for the flu epidemic. They are also eligible for weight watch discounts and a twenty-four-hour nurse hotline.

Starbucks

The benefits mentioned incorporate a base pay that completes health care cover for part time and full time partners that work for an average of 20 hours every week, a bean stock equity in the company, a 401(k) savings scheme that comes with employer matching, reimbursement for tuition services, paid vacation, product discounts and short-term disability.

Land's End

There are life insurance benefits and dental care cover for part time workers. Part time workers and seasonal stuff are eligible for Sears Employee discount and Land's End. They also have access to the fitness facility on the site and even the supplementary child care center used as backup.

Whole Foods

Team members of Whole Food scheduled to work regularly for more than 20 hours, but less than 30 hours every week are allowed to access medical insurance once they attain a specified number of working hours. There are other benefits that part time employees can access other than these benefits, including a 20% store discount and paid time-off. Every employee is offered stock options once they hit the 6000 service hours. In addition, Whole Foods Market avails gain sharing to employees on the part time program. Gainsharing is a plan that allows employees to earn dividends on monthly basis. It includes Labor Surplus payouts from the excess in their labor budget of their teams.

Home Depot

All part time associates are offered a range of benefits for every part-time associate who has worked for the company for a period of at least 90 days. The benefits include dental vision and restricted medical benefits. There is a critical illness-plan alternative too.

UPS

This company gives full benefits to its employees. They include dental coverage, and medical and tuition assistance. Lots of employees on part-time programs are qualified for tuition based assistance.

Costco

Part-time workers may qualify for healthcare that includes medical and dental care. The threshold is placed at 180 days of work with 20 hours of service each week. Cosco employees are allowed to make use of the company's in-house optical care centers. There is a pharmacy on-site that allows for discounted shared payments on generic medicines for as little as $5. There is co-pay that is sealed at 15% of the branded medicines (Kim, 2011).

The Advantages and Disadvantages of Advancing Such Benefits to Part Time Employees

Cons

There is a chance that workers will excessively take advantage of the benefits and make the company incur losses.

Employee benefits cause confusion to the part time workers. Many of them do not fully understand what's on offer and often fail to take advantage of the packages offered.

Pros

It is a good strategy because there is a strong gives smaller companies a competitive advantage over bigger companies that are less flexible on matters regarding the attracting the best employees. Furthermore, some part tie employees end up being absorbed by the companies as full time staffs. When such employees are offered such benefits, it motivates them to stay on until there is an opening for full time employment.

To provide benefits to part-time employees what would you do, and why?