Bayer Employee Benefits

2430 Words 10 Pages
1) Bayer is a global enterprise with companies in almost every country around the world. They have been recognized globally for their dedication and commitment to their employees, the environment and charitable contributions. The profile I have highlighted is the Canadian sector. This company provides multiple employee benefits; tuition and family planning subsidies, and moving expense when employees choose to move to cities globally where new location are due to open. The extensive list of employee perks is extensive and begins here:
Medical benefits- As part of the health plan, the employer pays up to 95% of the premiums, the plans are flexible and can be customized depending on the level of coverage and employee wishes. Included in the
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Employees are permitted flexible schedules, telecommuting, paid vacation, compressed work weeks, summer schedules to complete a work life balance atmosphere. These huge perks allow employees to have a life and work. With a younger generation now in the workforce and almost all families with working parents, children, sports and regular vacation, flexibilities allow parents to watch children participate in extra circular actives like sports, that take place during the work week. It reliefs a significant stress and allows for balance. Considering we spend 40 or more hours a week at work, it leaves little time to complete the other things in life we must accomplish. Paid sick days is another benefit. The company feels you "should not be punished if you are sick or injured and unable to come to work." (Bayer.com) This, provides employees to recover without the added stress of loss in pay in addition to not feeling well. A full recovery is easier made without added stress and staff then perform better. The wellness program allows employees to have a free gym membership, register message therapist on site, discounted healthcare products through the company store. It also provides discounts on weight loss programs, quitting smoking and licensed nutritionist fees. These programs allow employees to make smart decisions that improve self-esteem and their personal well-being. Perhaps encouraging them to make …show more content…
The Brothers do not need to be aware of everything that is happening in the company but a weekly or bi-weekly touch point for all managers in similar department across the country via conference call could identify best practices and other cost saving measures. A monthly conference call with their overseas subsidiaries in addition to a semi annual face to face meeting could keep the brothers well informed. How can they know how the company is doing and what the company occurs if they only check in 4 times a year? The overseas subsidiaries are not the only location the Wilson’s should be visiting they should make a visit separately or together to each one of their locations a minimum of once a year. Consequently, profits are not the sole issue facing this organization such as, succession planning, ways to improve sales and production, loss of profit share and competition. The meetings can easily be set up online in a virtual environment with an app like “go to meeting.” The saving to the to the company could be a minimum of $120,000 a year in travel cost. Money could be earmarked for bonuses or employee rewards like transportation, day care, health plans or paid sick

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