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Posted: May 7th, 2023

The human resource benefits department plays

Human resource benefits departments play a major role in establishing employee value propositions. Compare two organizations by explaining how they demonstrate best practices in providing discretionary employee benefits to their employees. Document how these benefits impact organizational cost effectiveness. Examine the trends and determine the challenges of maintaining effective discretionary benefits for employees. Then, provide recommendations that could enhance employee satisfaction through discretionary benefits that are offered.. Length: 4-5 pages (not including reference page) References: Include a minimum of three scholarly resources. Will add additional tip if finished before due date

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The human resource benefits department plays a crucial role in establishing an organization’s employee value proposition. Discretionary employee benefits are one of the critical components of an effective employee value proposition. In this paper, we will compare two organizations and demonstrate how they provide discretionary employee benefits and their impact on organizational cost-effectiveness. We will also examine the trends and challenges of maintaining effective discretionary benefits for employees and provide recommendations to enhance employee satisfaction through discretionary benefits.

Comparison of Two Organizations

Organization A and B both provide discretionary benefits to their employees, but they differ in the scope and extent of benefits provided. Organization A offers a comprehensive benefits package that includes health insurance, life insurance, disability insurance, and retirement plans. In addition, employees can take advantage of flexible spending accounts and paid time off. The company also offers tuition reimbursement programs for employees seeking further education.

On the other hand, organization B provides fewer discretionary benefits compared to organization A. It offers a standard benefits package that includes health insurance, life insurance, and a retirement plan. The company also provides paid time off, but no flexible spending accounts or tuition reimbursement programs.

Impact of Discretionary Benefits on Organizational Cost Effectiveness

The provision of discretionary benefits has a significant impact on organizational cost-effectiveness. While it may seem like a significant expense to provide discretionary benefits, it can actually save the organization money in the long run. Providing comprehensive benefits can help attract and retain top talent, which ultimately leads to increased productivity and profitability. In addition, it can reduce the cost of turnover, recruitment, and training, which can be substantial.

For example, organization A’s comprehensive benefits package may seem expensive, but it attracts top talent and leads to a lower turnover rate. This ultimately reduces the cost of recruitment and training new employees. In contrast, organization B’s limited benefits package may make it difficult to attract and retain top talent, leading to a higher turnover rate and increased recruitment and training costs.

Trends and Challenges of Maintaining Effective Discretionary Benefits

One trend in the provision of discretionary benefits is the increasing focus on work-life balance. Many organizations are offering benefits that help employees balance their work and personal lives. For example, some companies offer flexible work arrangements, such as telecommuting, to allow employees to work from home or work flexible hours.

One challenge in maintaining effective discretionary benefits is the cost of providing them. Organizations must balance the cost of providing benefits with their overall budget. This can be a difficult task, especially in industries with high turnover rates or where wages are low.

Another challenge is ensuring that employees are aware of the benefits available to them. Many employees are not fully aware of the benefits available to them or do not understand how to access them. This can result in employees not taking advantage of the benefits provided, leading to a lower return on investment for the organization.

Recommendations for Enhancing Employee Satisfaction through Discretionary Benefits

One recommendation for enhancing employee satisfaction through discretionary benefits is to provide a comprehensive benefits package. This can help attract and retain top talent and lead to increased productivity and profitability. In addition, providing a range of benefits that help employees balance their work and personal lives can enhance employee satisfaction.

Another recommendation is to ensure that employees are aware of the benefits available to them. This can be achieved by providing regular communication about the benefits package, including how to access them and any changes to the package.

Discretionary employee benefits play a crucial role in an organization’s employee value proposition. Organizations that provide comprehensive benefits packages can attract and retain top talent, leading to increased productivity and profitability. However, providing effective discretionary benefits can be challenging due to cost and communication issues. To enhance employee satisfaction through discretionary benefits, organizations should provide a comprehensive benefits package and ensure that employees are aware of the benefits available to them.

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