Employment Benefits and Work Environment

SAS – Fortune’s Best Companies to Work For

The work environment provided by the top companies on the Fortune’s Best Companies to Work For list is focused on making the employees satisfied. Through an offering of perks, employment benefits, and an appropriate work environment, these firms attract top talent and ensure a high level of productivity (“Fortune 100 best,” 2018). However, a critical question arises of why most businesses do not attempt similar trends to become competitive. Cost remains the biggest concern for extensive implementations of readily available perks and amenities to the staff. Instead, the incentive is offered by raising salaries and bonuses for achieved targets as a motivational factor for employees (Gerhart, Milkovich, & Newman, 2014). However, the industry has shown that in the modern workforce, traditional methods of employee engagement such as salary hikes do not guarantee results or inherently incentivize employee satisfaction (Crowley, 2013). This leads to companies to consider various management and work environment practices, but it is a concept which cannot be universally applied to every business.

The cost of offering perks increases with the size of the business. Furthermore, substantial benefits such as health care are increasing in price annually. Many of the well-known companies offering amenities and perks have significantly high profits or capital investment in comparison to the size of their workforce. In order to maintain a sense of equality and justice, perks and benefits must be offered to everyone, which becomes logistically and financially detrimental for companies with thousands of employees or workers that do not provide enough value.

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
Employment Benefits and Work Environment
Post Your Own Question And Get A Custom Answer
Hire Writer

This leads to the underlying reason for the difference between the top firms on the Fortune 100 list and others: company culture. Business is a for-profit enterprise, and many managers see employees, particularly at lower levels as expendable and easily replaceable human capital. A focus on increasing company finances is not necessarily a negative aspect, and it is true that many businesses cannot afford employee benefits or have a business model which relies on strict operational hours. However, companies can offer perks based on their availability of resources or type of business. It is based on the inherent workplace culture that either supports employees as human beings or seeks to abuse the position to make a profit.

Recruitment and Retention

As indicated in the previous discussion, monetary compensation has lost its traditional appeal to employees if the workplace is not desirable. However, as the primary purpose of a job, compensation is still a critical factor that affects recruitment and retention in a company. Compensation includes both intrinsic value (personal satisfaction) and extrinsic value (salary and benefits) which contribute to an employee’s career choice, motivation, and productivity. Compensation is one of the primary expenses in an organization’s budget and remains a point that most employees significantly care about. This highlights a crucial necessity for any business to determine a compensation strategy which is competitive, aligns with values, and appropriately fits its employees (Gerhart, Milkovich, & Newman, 2014).

In terms of personal, professional experience, from hourly jobs as a teenager to current employment, it is rare to see companies formulate a compensation strategy to ensure retention. For low-level employees, there are often a variety of available options regarding recruitment which leads to companies offering the most basic compensation packages. The focus falls on management and executive positions. However, in my experience, high turnover, even for low-level management, has been a significant and costly issue for any type of business. Employees usually adhere to specific reasons when choosing to leave an organization, including dissatisfaction, better alternatives, predetermined plan for career development, or a critical situation. In some way or another, all of these are inherently tied to compensation (Society for Human Resource Management, 2017). A company should focus to be competitive on the market in compensation and offer rewards that are based explicitly on retention. In turn, this leads to job satisfaction and other factors which could reduce turnover.

References

Crowley, M. (2013). How SAS became the world’s best place to work. Fast Company. Web.

Fortune 100 best. (2018). Fortune. Web.

Milkovich, G., Newman, J., & Gerhart, B. (2014). Compensation (11th ed.). New York, NY: McGraw-Hill Companies.

Society for Human Resource Management. (2017). Managing for employee retention. Web.

MyhomeworkGeeks
Calculate the price of your paper
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from MyHomeworkGeeks

Quality Urgent Essays

Domyhomeworkk online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At domyhomeworkk.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Have a homework question? Get help from verified tutors now!