Specific Examples of Educational and Wellness Employee Benefit Plans A-Level Coursework

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Human Resources: Legal Environment -- Total Rewards

A modern HRM consultant must be aware of the array of possible employee benefits. The modern trend is away from traditional notions of benefits and toward benefits that enhance the lives of employees and their productivity for the company. Two of the many possible modern benefits are training and educational opportunities and wellness programs. As specific examples will show, despite the several challenges of implementing such benefits, the reward for both the employees and the company are clear.

Two Employee Benefits That Provide Great Opportunities to Increase Employee Productivity

After decades of research and practical experience, Human Resources specialists have moved away from traditional notions of employee benefits to a more holistic and integrated approach that simultaneously attracts talent, enhances employee growth, and motivates meaningful employee contributions to the company's goals. Competitive local and global forces have made measures once deemed extraordinary now highly strategic (Chen & Hsieh, 2006).

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While the modern approach to employee benefits ideally encompasses multiple options far beyond the parameters of this report, two intelligent employee benefits in the "war for talent" are: training and educational opportunities; and wellness programs.

Training and educational opportunities for employees both reward employees for their contributions and trains employees to expand their skill sets, ultimately contributing even more to the company's goals (Chen & Hsieh, 2006). Starbucks Corporation, for example, offers a college achievement plan to its employees/partners (Starbucks Corporation, 2014). According to this plan, eligible Starbucks employees receive partial or total tuition reimbursement and individually tailored support including an enrollment coach, financial aid counselor and academic advisor (Starbucks Corporation, 2014). In this way, Starbucks not only rewards willing and capable employees but also increases the skills and motivation and loyalty of its….....

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"Specific Examples Of Educational And Wellness Employee Benefit Plans" (2014, June 16) Retrieved May 17, 2024, from
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