COMMERCE 2BC3 Chapter Notes -Sandwich Generation, Preferred Provider Organization, Credit Union

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 2BC3
• Professor: F O U Z I A

Document Summary

Employers provide benefits to their workers for being part of the organization. Benefit: is an indirect reward given to employee or a group of employees for organizational membership. They often include retirement plans vacations with pay extended health insurance educational assistance and many marked programs. They are costly for the typical employer. Benefits should be looked at as a vital part of the overall compensation strategies of the organization. Employers offer some benefits to recruiting and retention some because they are required to do so and some simply because doing so reinforces the company philosophy of social and corporate citizenship. Employers with good benefits argued positively within a community and the industry by customers, current employees, and workers in other firms. Benefits offered could aid in reducing employee turnover which makes the organizational performance benefit. The composition of the canadian workforce is changing and expectations of different generations of employees are affecting benefit decisions.