Describe the perceived value of each benefit

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Assignment: Assume you are the Benefits Manger at a growing chemical manufacturing plant. Your firm is evaluating all current voluntary employee benefits in an effort to ensure your current benefit lineup attracts/retains the type of workers needed to keep the plant functioning as well as controlling costs. Your current voluntary benefits include:

- Life Insurance at 1 x annual salary

- Dental Insurance

- Flexible Spending Accounts for both medical and daycare reimbursement

- Comprehensive Vision Insurance

- EAP

Your task is to send a report to the President of the company, outlining the current voluntary offerings. In addition, you have been asked to describe the perceived value of each benefit, the level of importance you place on each and how you would rank them in terms of their overall importance to the organization from a recruitment/selection and employee retention standpoint. Additionally, propose a new benefit to replace one currently offered, and explain why this new benefit would be an advantage to the workers at the plant.

Reference no: EM132674076

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