hrm
meme333
hrm_journal_entries.docxPART 1
Please answer the following statements/questions and explain why you feel that way:
Explain:
the terms compensation and benefits in your own words
how are the concepts the same and how they are different
After reading the Google articles:
list five (5) perks (aka informal benefits) Google employees enjoy and explain why Google offers these perks to its employees
tell me two (2) perks you wish your employer provided and why you would choose to work for an employer who offered those perks
Read the short newspaper article about Google at the following URL and answer the related question:
http://www.mercurynews.com/ci_22982220/irs-is-looking-into-whether-free-meals-at
Using your best critical thinking skills and Chapter 9 concepts on compensation and benefits, explain why you think the IRS's actions will OR will not hurt companies who want to hire the best and brightest workers for thier companies.
Part 2
Selecting Employee Benefits
Similarly, a logical place to begin selecting employee benefits is to establish objectives (purpose or goals) for the benefits package. To meet employee expectations about benefits, the organization/HR can see what other organizations offer. For example, employers can purchase survey information about benefits packages from private consultants, or obtain benefits data from the U.S. Bureau of Labor Statistics (see Table 13.2, page 407, for BLS data for full-time employees).
Employers should also consider that the value placed on various benefits often differ from one employee to another. In general, basic demographic factors (age, gender) can influence the kinds of benefits employees want; and, in particular, personal situations (single-mother with a two-year old) can influence the kinds of benefits employees want.
Please complete the following statements. Be sure to explain why the issue is important for HR from the strategic partnership point of view (i.e., answer the “so what?” question).
Organizations need to consider the signals their benefits package sends to current/future employees as they set goals for benefits and select benefits to offer because ________ .
Organizations must consider employees’ individual needs and preferences for benefits because _________ .
Some organizations address employees’ differences by offering a cafeteria-style plan; other companies offer a stock ownership plan (or profit sharing).
Tell me which plan you would select for yourself and why.
Tell me whether you would work differently if you owned part of the company and why.
