Sonia Gonzalez
Providing healthcare for our employees is of utmost priority. It is our duty as the Human Resource team to protect our employees and give them appropriate benefits. When it comes to distributing healthcare, there are several human resources challenge that we face in particular. First and foremost, healthcare costs are skyrocketing. With the escalating costs of healthcare and other benefits, we are having trouble finding ways to manage health coverage costs with the overall benefits program. It has come the time we start to reassess and redefine how we distribute our healthcare plans.
Along with increased costs, there is an issue with age distribution. As we know, people live longer as the generations advance, so we have increased demand for health services among aging populations. Older employees become increasingly concerned about their healthcare benefits as those healthcare services become more relevant to them. They are at higher health risks due to their age, and therefore, with the growing population of aged employees, healthcare benefits are in more demand and far more crucial than before, and unfortunately, it will cost a lot. That is why people make their decision based on the types of benefits that companies have to offer.
The company that I research is Amazon. Amazon cares for the best employees by giving them many benefits that can have performance work more beneficiaries. Like other companies, amazon pays meager cash compensation even though it makes up for this through services. This company is an upward communication since Amazon cares about the feeling and the opinion of their employees. It also has horizontal transmission, where the employees share information and resolve conflict to have a better place and productive work and has an innovative culture. It is a very flexible company for workers with work schedules. The perks of being an Amazon employee are in the benefits. Amazon work with full-time employees, part-time employees, and even seasonal employees. Amazon’s compensation strategy is highly competitive compared to the compensation strategies of competing firms. While collaborating with people who have great expertise in multiple areas, the company offers a wide variety of benefits to that employee who are regular and full-time United States employees. The services given to Amazon employees are aim at facilitating growth and development. The company has medical plan options for flexibility purposes and so that employees can choose the medical plan that is best suited for them and their families. Amazon also provides a network of support as part of its benefits package. This support network aims to show that they care about the employee’s wellbeing both at work and away from work. The support benefits network is provided free of charge to the employees to make their lives better. Amazon pays its employees significantly lower than other tech giants such as Google. The company rakes in a large number of profits annually, and that employees who are aware of these financial records expect a bit more in terms of compensation. I talk about Amazon because I research this company. I read about Google and compare it with Amazon, and the best company to work for is Google.
Three benefits appeal to me. The first benefits are tuition assistance programs which pay up to $12,000 per year. I believe further your education is the key to success in the company. The second benefit is the 20% time policy. Google gives their employees the chance to go out and invest their time into a project. It is a learning experience with something else that will spark creativity within the company. You never too old to learn more about the company. It turns out a lot of the side projects have turned into something much bigger. This will saves money. The free rides work for me; I don’t have to deal with the subway transportation being so over crowed and the smell is unbearable. I will also take the lower rate, which lowers the tax brackets in the long run. Zappos also has benefits programs that you don’t want to turn down. I believe these perks are sustainable because they will add to costs in the net profits in the company.
References
” Amazon: Benefits”
http://www.glassdoor.com/employers/blog/5-ways-address-gender-pay-gap-company/
http:// www.amazondelivers.jobs
http://www.aboutamazon.com
Hello Sonia,
I liked that you brought up other companies that had similar benefits to those you liked about Amazon. When it comes to compensations, I have realized that people like different compensation based on their age and where they are in their life at that point. I, too, find that a company that offers educational opportunities has more appealing benefits.