or cash only they expect to receive some extras. This extra is what is referred to as employee benefits, or fringe benefits. Anything that is non-financial is considered to be employee benefits that are offered in order to enrich the lives of the employees. Employee benefits are not based on an employee's performance, and they might not have a direct effect on the performance of employees. However, having inadequate benefits could result in low satisfaction levels and increase employee turnover.
Benefits and compensation are important in Human Capital Management in the following ways:
Job Satisfaction
It is no lie that employees like to feel appreciated, and one… Continue Reading...
correlation. Compensation is associated with facilitating factors of work life balance, which result in employee satisfaction. Employee benefits are significantly correlated to work life balance as more appealing employee benefits programs give rise to employee satisfaction. Personnel have a greater level of satisfaction with respect to their work and family when they revel in the benefits of work life balance programs being offered by the organization. In addition, Arif and Farroqi (2014) point out that work life balance have dissimilar impacts on both male and female employees. On one hand, male personnel attain greater job satisfaction with all the three measures for instance job, work life… Continue Reading...
changes to the budget in general. To begin with, the salaries and wages expenditure category, employee benefits, supplies category, service expenses together with other corresponding outlays all experienced a 10 percent decline. The central services within the Clerk and Recorder’s Office also declined by the same. The item within the budget that did not experience any changes is the capital outlay, which remained the same with regard to the 2015 adopted budget and the new budget amount. In total, 9.79 percent, similar to $886,559 is the total amount of deductions recommended to be subtracted to the total revenue.
Without a doubt these recommended changes will… Continue Reading...
