Question

Compensation and benefits are key factors in recruiting and retaining the best talent for any level of job in every industry. Employers know that it is tough to find and keep good talent.

Scenario: You recently had a discussion with your boss attempting to convince her to invest in your company’s employees by providing them with paid continuing education benefits. Your boss responded to your request by saying “what if we invest in our employees and they leave us?” and you responded, “what if we don’t and they stay?”

Your Task:

• Compose a memo to your boss detailing a benefits package you intend to provide your employees.

• Be sure to explain your rationale behind your proposal and how it could benefit the company and contribute to a stronger organizational commitment by employees in the long run

Answer 1

To: XYZ

From: ABC

Date: dd/mm/yyyy

Subject: Paid continuing education benefits

As per our previous discussion on this topic and your doubt that what if the employees leave us, I am presenting the following reasons supporting the rationale behind the suggestion. First of all, if a scheme like this is implemented it will attract top talents in the industry showing that we are investing in their growth. Also, this would also reduce the employee turnover as they would not want to lose this valuable opportunity. This opportunity will also increase the productivity of the employees as it will enhance their skills and encourage them to stay in the company for longer durations (seeing that companies values them and is investing in them). Finally, coming to the economical benefit for the company, this will help the company get tax waivers as according to the US law the companies providing paid education benefits to employees are eligible for tax cuts.