Human Resource Management
Employee Benefits
Making employees happy is vital since it makes employees work better and satisfied working for the company. In this regard, it fulfills HRM goals as it lowers turnover rates and employee complaints. Companies ensuring their employees receive the required benefits leads to employees' contentment but failure to do so results into dissatisfaction and quitting of duties. In addition, morals should be very good in the company to make the employees happy; mistreating employees makes them shun work. HRMs biggest goal is to keep employees smiling and if employees are happy, even the management is happy and the company therefore runs efficiently. This ensures employees conduct their duties effectively and want to stay in the company.
The sole merit of issuing attractive benefits to employees is that it helps lower turnover rates while helping the firm recruit highly skilled workers at a competitive rate as opposed to other companies. In this regard, proving employees with attractive benefits is essential in retaining skilled and disciplined workers (DeCenzo, 2009). In addition, companies with low turnover make it possible for employees to build their career as proved by Genentech and Zappos.
However, a fat paycheck does not guarantee that skilled workers remain loyal to the firm thus, additional packages for workers is recommended. As an example, Hewitt Associates is a company managing benefits for large corporations; Hewitt initiated a free lunch program for...
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