Question

Which benefits are of greatest value to your employer. Provide a justification for why you believe these benefits are of greatest value to employers (Pick at least 3)

Answer 1

When an organization think about offering benefits to their employees it actually involves all the stakeholders so as to have win-win for employees and employers. For example,

• Employees to take time off as the employers offer them vacation time. In case an employee is unable to take vacation time off it may results into the lower focus and work productivity. This in turn affects the employer also as this may affect the day to day business. Therefore, it is important that employer should allow employees to take paid or unpaid leaves as required.
• Employers offer health insurance as part of their employee benefits. It ensures and offers employees to make of the same in case they need to go for any wellness checkups (which may prevent future issues) or an employee having illness and most likely may become nonproductive at workplace. Therefore, health insurance offer benefits to the employees as well as the employers and increase its reputation.
• Employers offer employee stock options and ownership so that employee can feel motivated and invest in the employer stock. Employee get the stock on the discounted price. This will increase the employee productivity and work towards employer’s success. Also, it increases the employer’s equity.