Cost of Employee Benefits

Employees dont understand prize of benefits, SHRM Employee Benefits plenty reveals 2008 SHRM Employee Benefits Survey executive Summary Employers are offering more benefits than ever, but employees dont understand those benefits and are unable to appreciate the value of their benefits package, harmonise to the Society for Human Resource Management 2008 Employee Benefits Survey. A disconnect exists between the dollar amount organizations spend on benefits and the employees intuition of the value of their benefits package, SHRM concludes in its report released June 22 at its annual conference in Chicago. It is essential that HR professionals help employees amply understand all of their options and the true value of the benefits package. HR professionals should endeavor to increase their employees level of understanding by communicating the value of their benefits package, the report advises. Total compensation statements, employee meetings and workshops are examples of communication methods that HR professionals can use so their benefits program is valued and utilise by employees, SHRM concludes in its survey results report. SHRM is the largest and most reputable organization of HR decision makers in the world with 245,000 members in 575 chapters crossways the nation. The Society for Human Resource management has conducted its annual Employee Benefits Survey since 1996.

This years survey was completed in February 2008 by 996 SHRM members. Those members represent employers of all sizes, in all types of industries, evenly mixed-up geographically throughout the United States. Members were asked whether they offered 257 possible employee benefits in 10 categories: Health care and welfare Preventive health and wellness Financial and compensation paying(a) time off Family friendly Flexible working Personal services Housing and relocation Business travel... If you take to get a full essay, order it on our website: Orderessay

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