Human Resource

Management

Presented By: Mubasshir Raza

 Management is concerned with attracting and
keeping employees, whose performance
meets at least minimum levels of acceptability
and at keeping absenteeism and turnover to
tolerable levels.
 The purpose of benefit administration is to
provide benefits to employees in the
organization and simulate them together to
greater effort and higher performance.
 These benefits foster loyalty and act as a
security base for the employee.
Employee benefits include various types of non-
wage compensation provided to employees in
addition to their normal wages or salaries

 Payment for time not worked

 Workmen’s compensation
Health Benefits
 Employee Job security
 Voluntary Arrangement
 Old age & retirement benefits
 In addition to benefits, organizations also provide
services that employees find desirable.
 These services are provided at low or no cost to the
employees.
 These are provided at the discretion of the
management with consultations with
employees or unions
 Eg. Cafeteria services
Educational services
Transportation services
.
Benefits and service administration is the
process of establishing, maintaining, and
managing benefits for the employees of an
organization. Employee benefits typically
include medical insurance, pension plans,
individual retirement
accounts (IRAs),
vacation time, sick time,
and maternity leave.
 An Efficient Administration
A good benefits administration program
creates and maintains an enrolment profile for
every employee, keeping track of information
such as the date hired, marital status, number
of dependents, total hours worked, and
attendance records. The program offers
flexibility, taking into account special
employee needs, part-time and
temporary hires, and changes in
government regulations.
Factors influencing the decision
to set employee benefit and
services
 COST
ABILITY TO PAY
NEEDS OF THE EMPLOYEE
TAX CONSIDERATION
SOCIAL RESPONSIBILITY
THE REACTION OF THE EMPLOYEES
BARGAINING STRENGTH OF THE UNION
Benefits trends in the future will have a focus on
improving the experience of the “now.” Below are
three predicted trends that will be a focus for the
future of employee benefits.
1.Vacation stipends and rewards for taking
vacation days

In 2016, CNN reported that 3% of companies

offer their employees a stipend to pay
for vacations.
2.Faster payroll processing
In line with technologically advanced benefits, more
efficient and employee-friendly payroll methods might
become top priorities for employers who wish to
engage their employees.

3.Radical student loan assistance

As the current $1.4 trillion student loan crisis is a hot
topic for many policy makers, current HR and benefits
departments are already implementing
student loan refinancing and educational
assistance reimbursement for employees
 IMPORTANCE of Employee Benefit &
Services
1. Increase Your Appeal
The acquisition of skilled and dedicated workers will help
create a strong foundation for your business. To bring these
individuals on board, it helps to have some tangible benefits
that differentiate your business from the masses.
2. Minimize Turnover Rate
It’s difficult for a business to make serious progress when
employees are constantly coming and going. When this
happens, it’s hard to establish a veteran team of experts, and
the overall talent level will lack. Fortunately, offering benefits
packages is often enough to make employees stick around for
the long run.
 3. Better Morale
Another advantage of offering benefits is the boosting of
employee morale. By understanding and addressing the needs
of your workforce, it’s likely that employees will be dedicated
and take their jobs more seriously.
4. Healthier Employees
Assuming you offer some type of health/dental plan and sick
leave, your workforce should be in relatively good health. If
your employees have solid health insurance plans in place,
there is a better likelihood that they will have regular checkups
and take preventative medical steps .
5. Better Job Performance
By offering benefits, you give employees more of a reason to
care about your company and remain loyal. As a result, they
should be willing to work harder, which can lead to greater
productivity and higher quality .
The results of the survey ranked
average importance by benefit:

1. Healthcare Plan: 32%

2. Vacation Time: 25%
3. Pay Raise: 15%
4. Employee Benefit: 10%
5. Performance Bonus: 9%
6. Retirement Plan: 8%
Surveyor- PAYCHEX_WORK
The Best Company Benefits And Perks
•Netflix offers one paid year of maternity and
paternity leave to new parents. They also allow
parents to return part-time or full-time and take leave
as needed throughout the year. (Overall benefits
rating: 3.7)
•Twitter is well-known for providing perks such as
three catered meals a day, but some lesser-known
benefits include on-site acupuncture and improve
classes. (Overall benefits rating: 4.3)
•World Wildlife Fund employees take Friday off
every other week, also known as “Panda Fridays” at
the nonprofit. (Overall benefits rating: 4.5)
•Pinterest provides a unique take on the parental
leave policy by providing three paid months off, plus
an additional month of part-time hours, as well as two
counseling sessions to create a plan to re-enter the
workplace. (Overall benefits rating: 4.7)

•Accenture covers gender reassignment for their

employees as part of their commitment to LGBTQ
rights and diversity. (Overall benefits rating: 4.0)

•Walt Disney Company wants its employees and

their friends and family to enjoy the “Happiest Place
on Earth” as much as their visitors by offering free
admission to its parks, as well as discounts on hotels
and merchandise. (Overall benefits rating: 4.0)
•Facebook provides $4,000 in “Baby Cash” to
employees with a newborn. (Overall benefits rating:
4.7)

•Adobe shuts down the entire company for one week

in December and one week over the summer. (Overall
benefits rating: 4.6)

•Google provides the surviving spouse or partner of

a deceased employee 50% of their salary for the next
10 years. (Overall benefits rating: 4.6)

Surveyor- PAYCHEX_WORK
 Sources –
Course Book
Internet

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