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Human Resouce Management - Essay Example

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[Your full name] [Instructor’s full name] August 14, 2011 Answer: No: 1 Importance of employee benefits as a strategic component of fulfilling the goals of HRM can never be denied. Employee benefits, such as, sick leaves, flexible work scheduling, life insurance, vacations, social security, and other benefits play a very important role in making HR managers get desired results from the employees…
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Human Resouce Management
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Download file to see previous pages As a result, employees tend to work hard for their companies boosting low employee turnover rates and high employee satisfaction rates. Fulfillment of the goals of HRM is directly associated with the dedication of employees to the company. If the employees are satisfied due to provision of various employee benefits, they work with full commitment, which not only results in increasing workplace productivity but also ensures generation of high revenues for the company. Low employee turnover is one of the most incredible accomplishments of the HR departments of Genentech and Zappos. “Companies take a deep interest in their employee turnover rate because it is a costly part of doing business” (Beam). If the employees are satisfied with the company and there is no issue of discrimination, none of the employees will ever want to leave the company. Therefore, employers of all companies need to include employee benefits in their strategic plans in order to fulfill their goals regarding employee turnover and workplace productivity. Answer: No: 2 Rosenbloom states, “Employee benefits are a part of employees’ total compensation” (3). ...
Money is not always the best motivating factor for the employees. Managers of Genentech and Zappos believe that employees look for benefits along with money. If a company provides employees with normal salaries without any employee benefit, it reduces their interest in working for that company. That is the reason why managers of Genentech and Zappos think towards providing such benefits to their employees, which should be able to retain and motivate the employees. Development of fun loving culture by Zappos and provision of innovative benefits to the employees by Genentech, such as, paid sabbaticals and pet insurance are some of the effective ways to retain and motivate employees. Provision of such benefits increase employee motivation and they feel good to work for their companies. Genentech and Zappos also focus towards ensuring flexibility in job design for the employees. The reason is that development of employee benefits system along with flexible job design not only motivates employees to achieve rewards and benefits but also improves morale of the employees. Therefore, we can say that Genentech and Zappos have been successful in motivating employees through providing considerable benefits to the employees. Answer: No: 3 The use of incentives and benefits such as those offered at Genentech and Zappos depend on some key factors. Some of the most important factors, which organizations need to consider while developing incentives and benefits system for their employees, include managerial capability and cost of the benefits. Managers of a company need to be proficient in implementing the rewards and benefits system in an appropriate manner. The most ...Download file to see next pagesRead More
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