Nobody downloaded yet

Employee Benefits in Public Sector - Research Paper Example

Comments (0) Cite this document
Summary
In the paper “Employee Benefits in Public Sector” the author discusses the variation between private and public sectors regarding pay and benefits. Both pay and benefits motivate employees, but there are debates regarding what has a greater impact on employees’ satisfaction…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Employee Benefits in Public Sector
Read TextPreview

Extract of sample "Employee Benefits in Public Sector"

Download file to see previous pages Benefits given to employees in both private and public sectors are part of the total compensation paid to them, and from the perspective of HRM, both pay and benefits should necessarily serve the similar function in motivating employees. As Noe, Hollenbeck & Gerhart (2003, p. 403) noted, benefits normally contribute to attracting, retaining and motivating the workforce. Though private sector firms pay relatively higher, employees are highly attracted to the public sector for the extra benefits such as security contributions, pensions, retirement savings etc offered by the public sector firms. But, Georgellis, Iossa & Tabvuma (2010, p. 487) concluded in their study that public service motivated employees are attracted to public sector jobs for a higher level of satisfaction with the nature of their work itself since public sector provides greater opportunities for pro-social behaviors. Employees are expecting benefits to help them maintain social and economic security. Most Americans consider employee benefits while choosing a job. Eight out of ten people of the respondents of a survey revealed that benefits are extremely important to them when they decide about whether to choose a particular job. Most Americans found health insurance as the most important benefit they look at. It is because, more than one quarter of Americans reported that they or their immediate family member have encountered job lock, or passed up a job opportunity, or stayed at a job they would have otherwise skipped, or they still continue working at older age to continue health insurance (Reddick, 2009, p. 51). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Employee Benefits in Public Sector Research Paper, n.d.)
Employee Benefits in Public Sector Research Paper. Retrieved from https://studentshare.org/human-resources/1783917-employee-benefits-in-public-sector
(Employee Benefits in Public Sector Research Paper)
Employee Benefits in Public Sector Research Paper. https://studentshare.org/human-resources/1783917-employee-benefits-in-public-sector.
“Employee Benefits in Public Sector Research Paper”, n.d. https://studentshare.org/human-resources/1783917-employee-benefits-in-public-sector.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Employee Benefits in Public Sector

Public Sector vs Private Sector

...? Evaluation of projects - Public Sector vs Private Sector - BlueJay Manufacturing Evaluation of projects - Public Sector vs Private Sector - BlueJayManufacturing Project – Aims In BlueJay Manufacturing a project needs to be developed for supporting the training of employees in responding more effectively to customers’ orders. A project should be introduced for enhancing the development of a unique training program that meets specific criteria in terms of its cost, its duration and its quality (Olateju, Abdul-Azeez, & Alamutu, 2011, p.1). Evaluation of project – Methods In general, the evaluation of projects has three key...
3 Pages(750 words)Research Paper

Employee Benefits

...may opt for the holidays in unison, and that this may become an issue, especially during festivals. Proper counseling and the mention of an appropriate clause in the contract will ensure that this plan is implemented soundly. The scheme of holidays may be devised as follows: Years of Service Average days per year 2 -5 years of service 11 6 -9 years of service 15 9-12 years of service 18 More than 12 years of service 21 Retirement Plan& Other Associated benefits This is another employee oriented measure that the management may hope to engage in. Popular schemes include the 401K savings plan and the various voluntary retirement plans. In a bid to be engaged to the Spa, the management may extended...
2 Pages(500 words)Essay

Employee benefits

...”. Department of Human Resource Management. Accessed on March 24, 2006 Retrieved from, http://www.dhrm.state.va.us/genlbenefits/flex/overview.html. 4. Smith, I. 2000. “Benefits”. Reward Management. Ed White, G and Drucker, J. Routledge. New York Pp. 152-174. 5. Glasscock, S. & Gram, K. 1999. “WORKPLACE RECOGNITION”. B.T. Batsford Ltd. London. Pp. 65-70. 6. Griffith, W.R. and Hom, W.P. 2001. “RETAINING VALUED EMPLOYEES”. Sage Publications. California. Pp. 180-202. 7. Hastings, S. 2000. “Grading Systems and estimating value”. Reward Management. Ed White, G and Drucker, J. Routledge. New York Pp. 84-82. 8. Thompson, M. 2001. “Salary progression systems”. Reward Management. Ed White, G...
4 Pages(1000 words)Essay

Employee Benefits

...Employees received monetary compensation for the work they perform for enterprises. This is what most people considered the pay employees received for work, but in reality there is a different type of pay which at times has a great impact in the standard of living of employees. This type of indirect pay is called fringe benefits, which is defined as non-salary employee compensation (investorwords, 2007). There are different types of employee benefits, some are mandatory by law while others are offered by the employer to increase the overall compensation package of the employees. Companies also offer these...
3 Pages(750 words)Essay

Public Sector vs. Private Sector

...Public vs. Private Sector One of the key differences between public sector and private sector collective bargaining concerns the structure and ways in which upper management receives pay increases. In private sector upper management, salaries are often directly related to their individual performance. For instance, most executives own significant shares of company stock or are required to display tangible increases in revenue in order to receive pay raises. Exactly the opposite is true of public sector employees. In the public sector, upper-level salaries...
2 Pages(500 words)Essay

Employee Benefits

...IAS 19: Employee Benefits History International Accounting Standards (IAS) emerged in 1975 with publication of IAS 1and 2 on disclosure of accounting policies and valuation as well as the presentation of inventories using the historical cost system (Deloitte 2010a). Thereafter, IAS 3-18 was published between 1976 and 1982. IAS 19 was published in 1983 and has undergone series of revisions and amendments to date. The first publication of IAS 19 in 1983 described how employee retirement benefits are accounted for in the employers’ financial statements. IAS 19 was revised on 1993 and the revision was on review of retirement pension...
6 Pages(1500 words)Essay

Public Sector vs Private Sector

...Evaluation of projects - Public Sector vs Private Sector - BlueJay Manufacturing Project – Aims In BlueJay Manufacturing a project needs to be developed for supporting the training of employees in responding more effectively to customers’ orders. A project should be introduced for enhancing the development of a unique training program that meets specific criteria in terms of its cost, its duration and its quality (Olateju, Abdul-Azeez, & Alamutu, 2011, p.1). Evaluation of project – Methods In general, the evaluation of projects has three key parts: a) the identification of costs, b) the identification of outputs and c) the comparison of the findings related to the previous two phases (Marieta, Opreana & Pompiliu 2010, p.132... ). In...
4 Pages(750 words)Research Paper

Employee Benefits and Services

...Employee Benefits and Services Number] [02/02 In order to attract or retain a workforce, organizationneed to offer an incentive that could keep a non-citizen in the firm. One might ask the need to give rewards to a non-citizen equivalent to a citizen including retirement or health insurance plans, the simplest answer to this is they are equally competent, providing the similar services, acquinted with the same skills and hence working with loyalty towards the prosperity of the organisation. After a research, it has been found that the productivity and contribution of a non-citizen is relatively higher than a native US Citizen. The reason behind this is that he/she enters the country with an aim to attain...
1 Pages(250 words)Essay

Employee benefits

...Employee Benefits at Richemont Company in Switzerland Question One Richemont Company in Switzerland is the second biggest luxury goods firm globally and eighth biggest according to the Market Index of Switzerland by 2012. The company owns numerous globe’s leading firms in the area of luxury commodity. The company has an efficient code of conduct for its employees with various employee benefits. The company is committed to providing its staffs with safe and healthy working conditions and adherence to its general announcement to Human rights as well as other recognized labor Practice norms. Some of the employee benefits...
5 Pages(1250 words)Assignment

Employee Benefits

...Employee Benefits Employee Benefits Employees are en d to some benefits that should be offered all along their working periods. Additionally, upon retirement, employees also enjoy some retirement benefits as granted by the employment act. The employee benefit plans are established to provide health benefits, vacation benefits, disability benefits, training benefits, retirement benefits as well as death benefits among other similar benefits. These plans...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Employee Benefits in Public Sector for FREE!

Contact Us