Recognizing Employee Contributions
As a Human Resource Manager, it is a person’s duty to make the employees feel valued and respected while they are working for the company. These employees have to be given incentives and recognition for the good work they have done for the company (Quast, 2011). Without the good work of these employees, the company will not continue moving forward because there will be no one to delegate the work to. By having a well-planned benefits package for the employees, they will not go anywhere.
One thing is to reward quality work for instance, if the standard of the manufacturer is exceeded by the technician, completing the work in less time, they will still be paid for the hours given to finish the task. By doing this, the efficient worker will be encouraged to finish their work right away. The expert workers will become so good that they will even reach double of the usual output, and then they will receive an increase in pay. When all workers work this, the company will increase their efficiency as a whole and improve their sales, as well as reputation.
The performance bonuses are also a good idea, which means that the company will support paying for expected results and receive majority of the money they expect. To make it more clear, give each employee their own goals every start of the year and they can be rewarded with bonuses at the end of the year when they have achieved it. This will become a motivation for employees to perform the best job, and this is expected to increase the profit for the company. There will be quarterly reviews for the employees so they will not develop jealousy with each other because they will all understand the amount they are receiving.
These suggested ways will make the employees stay and give importance to their hard work and performance.
The laws that affect benefit packages are ERISA, ADA, HIPAA, COBRA, and other laws (Hero, 2016). Currently the company will offer paid holiday vacation and sick leave, insurance for medical and dental needs, disability insurance, retirement plan, stock options, and long-term care insurance. These are the chosen benefits because these mostly focus on the protection of the employees in case anything happens to them. Since they will be working for the company and each of them is expected to experience growth and satisfaction, they will need to receive protection as well. This is especially beneficial for employees who already have a family because they can list them down as beneficiaries. Taking into consideration that their performance in the company will not be compromised even if they are assured of these benefits, especially the sick leave or paid vacation.
Health benefits will cover hospital room charges, emergency treatment. Their dental treatment that does not need hospitalization will be covered by the company, and vision care expenses that include frames and lenses, contact lenses, and other …
