1. Benefits and Motivation Reasons for granting benefits
Employee Benefits
Definition
Benefits and Motivation
Reasons for granting benefits
Types
Management

2. Employee Benefits Definition:
Rewards given to employees or group of employees for maintaining membership in the organization.
Purpose:
Attract employee
Retain employee
Improve performance
Benefits and services constitute another means for keeping employees happy and contented.
The objective is employee security and retention

3. Employee Benefits Reasons for granting:
To keep organization competitive
Motivate employee performance
To keep unions out
Comply with legal requirement.
Keep turnover cost low.
Other various reasons
Employee adjustment to inflation
Protection from days without income
Providing an investment of good will
Providing for post employment security
Developing organizational identity
Making spending decision for workers
Providing for family welfare
Providing for child care assistance

4. Employee Benefits Types: Legally required benefits Voluntary benefit
SSS ; GSIS
Employee’s compensation
13th Month pay
Paid vacation, sick leaves and holiday pay
Pag-ibig fund benefit
Phil-health benefit
Paternity benefit
Voluntary benefit
Group life insurance
Health insurance
Pension plans
Employee Services.
Educational program
Pre-retirement program
Company sponsored social and recreational events
Counseling services
Credit union
Free uniform
Housing and moving expenses
Food services
Company paid transportation and parking

5. Employee Benefits Management:
Make decision on which benefit strategy to adapt.
Leader strategy
Follower strategy
Barely legal strategy
Determine desires of employee
Communicate benefit to employee
Monitor cost benefit

6. Employee Benefits Flexible Benefits Plans: Advantages
Employee are able to get the types of benefits that are most appealing to them.
Company’s investment in benefits is optimized.
Employees become more aware of the benefits offered by the company.
Company can recruit and hire more easily because of the attraction of flexi benefit plan.
Disadvantages
Higher administrative cost
Employee may choose inappropriate benefit package
Chosen benefit may be costly to maintain.

7. Thank you GOD BLESS US ALL!!
Assignment:
(Optional) Incentive plans
Group Work :
Present incentive plans for executives and rank and file employees of your organization
Thank you GOD BLESS US ALL!!