HRM500, Strayer University
Dr. Jeffrey Weaver
Recognizing Employee Contributions
Employees deserve recognition for their hard work, creative ideas and commitment to the company. “Employee recognition is the timely, informal or formal acknowledgement of a person’s or teams behavior, effort or business result that supports the organization’s goals and values, and which has clearly been beyond normal expectations” (Wiley & Kowske, 2012). It is important to show employees your appreciation for their work so they can understand how they are valued by the company. The effect of this action helps to increase employee satisfaction and productivity. Rewarding employees …show more content…
Lastly, health wellness is a trend right now, so employers should offer employees discounted prices to gyms within the establishment. It is important that companies consider certain concepts when designing a benefits plan. The first concept that must be looked at is ensuring that the company has the necessary funds needs to implement these plans. In order to make these decisions there must be a comparison done to evaluate the current prices within the market. If the funds are not available or are low, then there needs to be a limit on the plans you choose or not choose at all. Next, these options should be compared to the employee’s current values and expectations. Employees tend to value benefits more if they can use them. It is also important to know that with employees their values and expectations differ with each person.
Assess the efficiency of common techniques for effectively communicating compensation and benefit plans to employees. Support your answer.
“Effectively communicating with employees about their benefits must be a year round effort and should not be confined to blurbs of information only during open enrollment periods” (Kupritz & Cowell, 2011). The purpose is to provide employees with enough information so that they are able to make the best decision regarding benefit options. Human Resources should create a summary of benefits, which provides employees with a short