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Employees Benefits and Services. DR. Anil Mehta. Meaning. Employees benefits and services include any benefits that the employ receives in addition to direct remuneration. Why Benefits and Services Increased earnings to employees Less distortion in salary structure Stable employees

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Employees Benefits

and

Services

DR. Anil Mehta


Meaning

Employees benefits and services include any benefits that the employ receives in addition to direct remuneration


  • Why Benefits and Services

  • Increased earnings to employees

  • Less distortion in salary structure

  • Stable employees

  • High productivity

  • Less fatigue

  • Good company image

  • Enhanced employee morale


  • Types of Fringe Benefits

  • Payment for time not worked

  • Hours of work

  • Paid holidays

  • Shift premium

  • Holiday pay

  • Paid vacation


  • (B) Employee Security

  • Retrenchment Compensation

  • Lay-off Compensation

  • (C) Safety and Health

  • Safety measures

  • Workman’s compensation

  • Health benefits



  • Holiday homes

  • Educational facilities

  • Transportation

  • Parties &Picnic

  • Miscellaneous organizing games ,with awards ,setting of clubs, Festival gifts, birthday gifts, annual ,awards. Productivity /performance awards etc.



  • Employees Stock Option Plan

  • Benefits to the employee

  • Employees remain loyal and committed to the company

  • It motivates them to to do well and share the fruits of progress

  • Better industrial relations, reduce employees turnover, lesser supervision, and other incidental benefits



Thank You benefits, like any other shareholder


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