Do you think companies should provide a broader menu of benefits (e.g., child care, veterinary care,...

Do you think companies should provide a broader menu of benefits (e.g., child care, veterinary care, financial counseling) or improve the menu of core benefits (e.g., health care, insurance, pensions)? Why?

Solutions

Expert Solution

I believe it shall depend upon the size of the Company, the nature of the services it is engaged in and the composition of the general employees in terms of demographics, health and income factors, that shall help in deciding as to whether a broader menu of benefits is needed or whether strengthening of the core benefits by the Company is more called for. For example, if the general income generating capacity of the employees is less, then it is better to cover all-comprehensively, the core benefits itself because those shall be highly essential for the employees to anyway invest in and hence unavoidable in nature. However, on the other side, if the employees are economically more stable, then a broader menu of benefits could be offered because such employees would be in the position to think and analyze the returns that such broader benefits have to offer, irrespective of those benefits not being in-depth.

keosha answered 1 year ago

Next > < Previous

Related Solutions

Provide a well detailed answer !! Do you think that companies should provide an integrated reporting...

Provide a well detailed answer !! Do you think that companies should provide an integrated reporting rather than CSR reporting?

To what extent can a union exploit benefit issues (e.g., health care insurance, pension, child-care benefits,...

To what extent can a union exploit benefit issues (e.g., health care insurance, pension, child-care benefits, and family leave) in an effort to organize more union members? Explain your reasoning.

Have you ever been denied unemployment benefits and do you think unemployment benefits should be extended...

Have you ever been denied unemployment benefits and do you think unemployment benefits should be extended for individuals having a difficult time finding employment? What do you think about the current administration decision to extend unemployment benefits for unemployed individuals up to two years? Does unemployment benefits lessens the incentive for unemployed to gainfully seek employment?

Do you think principles such as demand or competition should dictate pricing, or should insurance companies...

Do you think principles such as demand or competition should dictate pricing, or should insurance companies or government agencies set pricing for physicians?

Do you think the firm should offer benefits to part-time workers? If yes, should it offer...

Do you think the firm should offer benefits to part-time workers? If yes, should it offer paid time off, the 401(k) plan, and health insurance? Or only one or two of the benefits? Explain your recommendation.

Given the rationale for why firms provide benefits, why do you think firms seldom provide personal...

Given the rationale for why firms provide benefits, why do you think firms seldom provide personal auto insurance to employees as an employee benefit?

Ethics in Business and Accounting Question Do you think that companies should have an ethical or...

Ethics in Business and Accounting Question Do you think that companies should have an ethical or legal responsibility to show the total price that you will pay in the initial advertisement?

What do you think are the most critical paid time off benefits to provide to recruit...

What do you think are the most critical paid time off benefits to provide to recruit the best employees?

Answer this, What do you think about the Affordable Care Act? Should it be amended in...

Answer this, What do you think about the Affordable Care Act? Should it be amended in any way? In your opinion will it be a good or bad thing in terms of controlling health care costs? Will it have an impact on your personal health care costs? Note/ type your answer

Knowing the concept of system administration, do you think that all companies, big or small, should...

Knowing the concept of system administration, do you think that all companies, big or small, should have a system administrator?

Subjects