Employee Benefits
Comments (4)
 

There is no doubt that these are the days wherein the employee really takes the CTC factor into consideration but then Employee Benefits, if practiced fairly also act as a measure for motivating and retention of employees. It’s infact good news that companies are realizing the fact that no compromise can be done in losing talent and that’s the cause “Talent Retention” is the buzz word these days in each of the corporates.

However, the following can be considered as the various Employee Benefit factors :-

-ESOP (Employee Stock Ownership Plan)

-Employee Referral Schemes

-Employee Recognition Program (Employee of the Month)

-Variable Performance based incentives

-Subsidized Food Coupons/Vouchers

-Insurance Coverage (Life/Accident)

-Stipulated Fixed Training Hours per employee (Yearly basis)

-Frequent Family Get-Togethers

-Fair System of Performance Appraisals

-Succession Planning & Career Plan Charting

Though there are new benefits evolving periodically, these are few of them which shall be considered as a “Benefit”, especially by the Executive & the Officer Cadre.

Comments

Showing 4 comments
chrm Global
chrm Global
chrm Global
chrm Global

Add New Comment

chrm Global

Posting Guidelines

We hope the conversations that take place on CHRMGlobal.com will be energetic,constructive, and thought-provoking. To ensure the quality of the discussion, our moderating team will review all comments and may edit them for clarity, length, and relevance. Comments that are overly promotional, mean-spirited, or off-topic may be deleted per the moderators' judgment.

Before we post this, who are you?