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Discussion Board - Coursework Example

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The payment of discretionary benefits is usually done when a company is considering the laying-off of its employees. Additionally, an ideal criterion is established to help in the determination of…
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Discussion Board
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Download file to see previous pages However, the human resource management must make an informed decision pertaining to the award of discretional benefits. The early retirement of employees has merits and demerits to an organization. Therefore, the management must be certain that a decision taken will lead to benefit the organization. The move usually helps in the reduction of anxiety concerning post-employment benefits. Moreover, the initiative benefits the firm given that it spends fewer employees compare to post-retirement benefits. The payment for time not worked affords the employees time for sick leaves, vacations, holidays and bereavement time (Beam and MacFadden, 2010). The benefit is ideal given that it indirectly boosts the performance of the employees. Moreover, it also acts as a performance appraisal time. The work of the employees is reviewed while they are away; hence, the payment for time not worked is a benefit to the company. Additionally, the paid vacations provide the employees with time for rejuvenation and reflection on their goals while working in the firm. The premium pay also motivates the employees because it is a direct compensation for working in adverse conditions and working for long hours. Therefore, discretionary benefits boost the performance appraisal of employees.
Specialized insurance benefits are offered when the clients are faced with emergencies. The benefits enhance a client’s financial security and preparedness for future events. The employment insurance benefits help the clients who have lost their jobs inadvertently. Employees can lose their jobs due to many factors, including a shortage of work and massive layoffs especially during organizational restructuring exercise. According to McCall (2014), specialized insurance benefits are also awarded to the employees when they have no alternative pertaining to the job vacancies. Additionally, clients can be guaranteed outpatient care when the insurance benefits pertaining to health care ...Download file to see next pagesRead More
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Discussion Board
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