Reference no: EM133212571
Review the information and resources Below:
Companies with the Best Benefits
Google
The Internet's top search engine offers a particularly stunning benefit package. Among other things, their best company benefits support:
- health and wellness
- financial wellbeing
- flexibility and time off
- family support and care
- community and personal development
Google believes that health should be a priority. They offer their employees:
- onsite wellness centers
- second medical opinion for staff and their loves ones
- a medical advocacy program for transgender employees
Employees can gain financial peace of mind through benefits like:
- student loan reimbursement
- bonus and equity refresh opportunities
- 1:1 financial coaching
Google also offers a hybrid work model with remote work opportunities available when appropriate. Part-time work and job-sharing options are also available. Paid time off includes:
- vacation
- paid parental leave
- global reset/wellbeing days
Google is known for the extra benefits they provide their employees to maintain a healthy work life balance. Their benefits package:
- fitness centers and massage programs
- on-site meals and snacks
- 401 k
- inspiring workspaces
- internet reimbursement
Southwest Airlines
If you like to travel, Southwest is definitely one of the top airline companies with good benefits. It allows employees and their families to board Southwest planes at no cost. Employees receive guest passes that permit friends to join them on free trips.
Employees also enjoy price reductions when they:
- stay at hotels
- use other airlines
- rent vehicles
The company gives employees a 10 percent discount when they purchase its stock. Staff members benefit from profit sharing and a 401k retirement plan as well. Additionally, Southwest Airlines provides important perks including:
- health and dental insurance
- life insurance
- flexible spending accounts
- disability coverage
One thing that stands out about companies who have rated "the Best Place to Work" is their benefits packages. Still, the standard perception among many is that the value of these benefits has been declining relative to what was offered in previous decades. And many organizations are concerned about the rising costs of these benefits and question their value to the organization, especially since competitors might not offer any benefits by using contract employees and/or by using part-timers.
Answer the questions below (using examples to support your answer):
- How might the organization benefit from providing such benefits? (You might think in terms of psychological, social, organizational, and monetary. On the monetary side, ideally, there is a positive return on investment (ROI), but this seems hard to justify. Cite evidence to provide the rationale for your thinking.)
- In your opinion, what benefits are of greatest value to employees? What benefits are of the greatest value to the organization? Explain.
- What can management do to increase the value to the organization when providing benefits to employees?