Question

If you were to be in charge of employee benefits, what aspects would you handle benefit administration internally? Externally? Hint- pay attention to organization size. What is your recommendation for BBE and why?

Answer 1

For organizing employee benefit is an essential task for the company. For formulating the employee benefits the following steps to undertaken:

To identify organisation benefit and its budget

The first step for the programme is to determine the objectives of the organisation. This will helps to improve the overall benefits of the organization. This will also help to determine the employers and employees needs for the company. For the objective function, the factors like size, location, industry and collective bargaining took into account.

Construct needs assessment

The needs assessment takes the cost-benefit analysis of the needs of the organization. This needs factors like tax regulation, employees needs and the competitors benefit will take. In recent times, market research is the main tool for constructing an employee's benefit packages. For this purpose, a set of questionnaire constructs and survey with the employees. Then finally construct the benefit packages.

Formulating programme

In the third step is to formulate the benefits programme. Here the employer will construct the benefit packages according to the priority of the employees. Then he will consider the cost of the design and it compared with the benefit of the packages.

Communication

Here the employer communicates the benefit packages with the employees. Then he collects the feedback from the employees. For this, the employers make the awareness programmes to the employees and try to motivate them to point out the benefits of the programme and encouraging them the wise use of the benefits.

Evaluation

The final step of the programme is the periodic evaluation of the benefit programmes. Organize a periodic meeting to calculate the cost-benefit analysis of the programme and match the employer's objectives with the employee's needs.