Plastec Case Study Essay

There are many types of insurance programs that are offered with a compensation & benefits package at places of employment. The programs that will be discussed are term life insurance, universal whole life insurance, accidental death & dismemberment, and long and short term disability insurance. These programs offer extra precautions for life disasters. For someone like myself I would rather pay for it and have the coverage instead of something spontaneous happening and not having the funds to go through life. We will dive into each form of insurance and the advantages they provide.

Their efforts towards keeping satisfaction at a maximum extends to their employees with a benefits plan that offers medical and dental insurance as well as a myriad of other benefits. Upon hire, new employees receive an enrollment package with all the details, including eligibility and coverage for them and their dependents. Most of the benefits discussed are made available to any employee working regular, full-time, averaging 30 or more hours per week.

These employees enjoy accrued benefit such as health insurance, vacation, Competitive wages, dental insurance, holiday and a retirement plan (Helms, 2001).

For any business to be successful it needs motivated employees. They are the single most important factor in the long-term success of an organisation.

Chapter conclusion: Benefits for employees are very important for companies. Benefits for employees include various insurance plans, paid vacation days, paid sick leave, paid days off, etc. Different companies need to establish different benefit plans based on their company conditions. In brief, benefit in one of the bridge between employers and employees.

There are different ways to motivate people one way is intrinsically, or internal. For example that deep pride the employees feel about their job because they are doing something that will help another person and potentially save lives. “I feel grateful and proud that whether I’m working in the lab or at my desk, my work will in some way help someone with a significant medical condition,” said one of the employees at

My organization offers some standard benefits as well as some extra benefits to set them apart as an extraordinary employer. The ‘standard’ medical package includes Medical, Dental, Vision, 401k and Disability insurances. All full time employees that are not considered contractors are offered enrollment on the first day of employment up to 31 days from your hire date to select your benefits; however your effective date is the day you start. If you do not make any elections, they will automatically enroll you in

There are so many different and effective ways to motivate your employees. The better understanding you have about your employees and their needs, the more likely you are to find and provide the

There are several different ways an employer can motivate their employee's: job design & goals, performance appraisal, pay, and career development.

The Employee shall be entitled to participate in bonuses and other employee benefit plans provided by the Employer for its employees. The Employer currently offers the follow, medical, dental, and vision plans. The Employer also currently offers life insurance, education assistance and individual retirement account (IRA) benefits. The Employee is eligible for benefits thirty (30) days after start date. More details on these benefits will be provided separately at time of hire.

Employees’ benefit plan is non-wage compensation, which means employees sacrifice part of their wages or salaries to exchange some other form of benefits. The purpose of benefit plans is to increase the security of employees, which consequently reduces work absenteeism and promotes job satisfaction. Some of the benefits in the plan include: retirement benefit plans, employee assistance plans, and group insurance (health, dental, life etc.). However, the scope of benefit coverage has gradually been expanded; from traditional benefit plans to flexible benefit plans. Both of these two benefit plans have different contents and emphases. Nowadays, about 60 percent of North American organizations prefer to use flexible benefit plans.

Employee benefits are a tool used by businesses to attract potential applicants, improve employee satisfaction, reduce turnover and maintain competition. Benefits that most employers offer include, but are not limited to, medical and dental coverage, time away from work, retirement, and additional assistance during life changing events. The majority of employers in the United States offer benefits to their employees and include an annual enrollment yearly to select benefits and make any needed changes.

Nothing is a better motivator than passion. Even paychecks and vacations won’t keep an employee motivated about their job for very long if they are not at least somewhat passionate about what it is they do. Since most jobs have several functions and roles, it’s very likely that your employees are more passionate about some

Workplace motivation is an important and engaging topic that involves everyone regardless of the position someone holds (Smith, 2015). Quality of service is closely related to the employee performance (Lashley, 2001, p.13) which make the ability of an employer to motivate employees is important to the overall success of the organisation

Generally, in all companies and other organizations employees play an important role in their work place. Each company tries to motivate their stuff in order to improve their working process more effectively and efficiency. It is commonly believed that motivated workers add their contributecompany to be productive. We are going to point out the best two motivating ways below.