One of the biggest challenges in the benefit determination process is that employees differ considerably in their demand for benefits and even more clearly in the types of benefits they demand.

One of the biggest challenges in the benefit determination process is that employees differ considerably in their demand for benefits and even more clearly in the types of benefits they demand.

This seems to vary most noticeably with the personal circumstances of the employee. For example, the desire for retirement benefits typically rises with age. Employees with children value childcare assistance more than employees without children. If an employee is covered under a spouse’s or parent’s major medical insurance plan, the value of that benefit is insignificant. In all these cases, it should be noted that the employees base their decision on theirperceived need, not on the cost of the benefit to the organization.
From your perspective, rank order the importance of the following employee benefits as part of a compensation plan. 1 = the most important benefit; 10 = the least important benefit.

Having Trouble Meeting Your Deadline?

Get your assignment on One of the biggest challenges in the benefit determination process is that employees differ considerably in their demand for benefits and even more clearly in the types of benefits they demand. completed on time. avoid delay and – ORDER NOW

Do My Paper

Employee assistance plan
401(k) plan
Health insurance plan
Life insurance
Dental and vision insurance
Short- and long-term disability insurance
Childcare assistance
Tuition reimbursement
Paid vacation
Paid sick leave
In addition to ranking these benefits, your discussion board posting should address the following: What factors were the most important to you in determining your ranking of priorities among the benefits listed (i.e., age, gender, marital status, number of dependents, etc.)? In other words, why did you rank one benefit higher than another? You should provide this analysis for each of the benefits.

Your initial posting is due by the end of Module 7. Your initial posting should consist of a minimum of 4 full paragraphs. Please make certain to cite any outside sources used.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.