Evaluate the benefit packages of 3 simular companies: AT&T, Sprint, & Verizon. Founded in October 5, 1983, by Alexander Graham Bell, AT&T is now arguably one of the leading telecommunications companies in the world.

Evaluate the benefit packages of 3 simular companies: AT&T, Sprint, & Verizon.
Founded in October 5, 1983, by Alexander Graham Bell, AT&T is now arguably one of the leading telecommunications companies in the world.

Evaluation of benefit packages of AT&T, Sprint, & Verizon

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Evaluation of Benefit Packages of AT&T, Sprint & Verizon

Founded in October 5, 1983, by Alexander Graham Bell, AT&T is now arguably one of the leading telecommunications companies in the world. Initially part of the Bell Telephone company, AT&T has grown over the last century to establish itself as a leading IP based telecommunication service provider. It provides other consumer services like, international service plans, broadband, local search and selling of mobile phones on their network. Having over 292 million on its network, AT&T has the largest 4G LTE network coverage in the United States (U.S.) As a result, they enjoy the most customers market share in terms of mobile broadband services.

Verizon communications is based in the US and founded in 1983 by William J. Katherein. Verizon provides mobile broadband services within the US. The merging of GTE and Bell Atlantic led to the formation of the new company name Verizon Communications Incorporation. Listed among the fortune 500 companies, Verizon is the largest U.S. wireless company with over 90 million retail and retail-postpaid connections. It projects annual revenue of about $115.8 billion and is listed in the New York Stock Exchange (NYSE) National Association of Securities Dealers Automated Quotation (NASDAQ) markets. More than 181,900 employees make up the work force.

Sprint Nextel Cooperation, commonly referred to as Sprint, is a mobile broadband telecommunication company. Cleyson Leroy Brown and Carlos Florendo were the founding fathers of this cooperation in 1898. Due to bankruptcy and reorganization after merging with United Telephone Limited, the company now focuses on wireless communication services. Due to need of increasing market share and taxation queries, Sprint Cooperation bought out the controlling stake of Nexel cooperation. Now having slightly over 50% of the Nexel share, the two companies merged renamed to Sprint Nexel Cooperation. Currently, there are 48 million customers using the wireless mobile network service.

According to Ruthberg (2012), creating an attractive benefits package, appeals to employee base creates a level of satisfaction among workers. The better the packages the higher the chance of keeping highly qualified employees. Human Resource personnel are usually equipped with the task of coming up with a comprehensive employment benefit package to better retain employees. The packages vary in each company and are dependant on ones hierarchical position in the organization. Loyalty is earned by ensuring the employees are significant contributors to the company. The loyalty perks work using a simple mechanism since it is time-based. The longer one stays at a particular company, the more their loyalty bonus.

Health insurance is one of the main enlisted employee benefits. Under it is visions, dental, disability and life covers. Health insurance forms the backbone of the perquisites. A wider range of benefit products includes flexible spending accounts, accidental death and dismemberment insurance, compensation and even tuition fee. Reimbursements of money spent while doing company work goes to show that the company has a sense of decency. If the salaries are not attractive there needs to be a balance by increasing the benefit schemes. It is through these additional upgraded packages that the employees would appreciate staying at the company.

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