This may include health insurance, retirement, vacation time and other paid time off. “That said, if your company becomes known for offering good benefits, you will generally find it easier to recruit talented employees and you may even see some positive side effects with respect to marketing and sales” (Inc.Staff, April 26, 2010). Health insurance is the most costly benefit provided by companies, but it can be a great recruiting tool. The cost of premiums has recently sky rocketed, causing many organizations to make cuts. There are very few companies that are providing health insurance to their employees at no extra cost to be paid by the employee. Many organizations are charging higher premiums for dependents. Ancillary benefits, such as, dental, vision, and life are being offered to the employee for full price. It is up to the HR department to come up with a strategic way to save the company money, but provide a decent health insurance plan as a recruiting …show more content…
This is the time that the company allows the employee to take off and still receive compensation. The issue with this benefit is that there are many people who do not take this time for fear of missing something important while they are gone. There are some individuals that fear they may lose their job if they take time off. “Workaholic employees may seem attractive in theory; in practice, they will likely suffer from burnout and cause stress among other workers” (Inc. Staff, April 26, 2010). The GPS Company has a policy that if you must take time off. This policy is enforced by the HR department. There are certain times of the year when they are busier than others, so during the slower times of the year certain departments in the company are encouraged to take time off. The premise behind this is if they take the time away during the slower periods, they will be renewed to be at their best during the busy period. This has been a successful policy for them. This company offers flextime to their employees. They have some employees that are working in the office a few days of the week, and work from home on the other days. The repair department allows their employees to set their own schedule according to the demand of work that they have. The marketing department allows job-sharing, which is where two employees are sharing the same job. They have found that this is a