Name: (Your Name)
For Dr. Larry Byrd
Date: (Today’s date)
Innovations of Employee Benefits
The succeeding paragraphs will explain how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.
The first way is offer onsite day care facilities. The study suggests that on-site daycare is not only affordable; it is in many cases profitable. Further, the study found that a majority of workers would be willing to contribute to the cost of employer-sponsored daycare whether or not they used the benefit. "There are several kinds of employers who typically have on-site childcare, such as ...view middle of the document...
While only 17 percent of U.S. employers currently allow animals in the workplace, according to a survey from the American Pet Products Manufacturers Association, pet-friendly, often specifically dog-friendly, environments are building steam. From major companies like Google, Zynga, and Amazon.com to growing start-ups (some featured in Inc.'s Winning Workplaces), more and more canine companions are showing up to work.
Benefits and Specific Jobs
The succeeding paragraphs explain how certain innovative benefits can be tied to specific jobs.
The first way is for working parents who are professionals. In a report by the National Conference of State Legislatures, employers cite child-care issues as causing more problems than any other family-related issue in the workplace, with increases in absenteeism and tardiness reported in nine out of 10 companies. And 80% of the companies surveyed said that work days were cut short because of child-care problems. Child-care services enable employers to gain wage savings, too. For the book Kids at Work: The Value of Employer-Sponsored On-Site Child Care Centers, authors Rachel Connelly, Deborah S. DeGraff, and Rachel A. Willis studied hundreds of employer-sponsored child-care programs and interviewed some 1,000 employees. Their research demonstrates on-site day care is not only affordable but also profitable. The researchers estimated savings in wages of $150,000 and $250,000 for just two companies that provided on-site day care.
A majority of workers were willing to pay, on average, $125 to $225 per year to subsidize on-site day care—whether or not they had young children. That’s right—even nonparents said they’d chip in, because they believed it would help raise morale and increase productivity
The second way is those who work in a sales or smaller business office. Facts from the American Humane Association: Staff morale and worker productivity increased by bringing pets to work, increased camaraderie among employees, happier employees result in enhanced job performance, increase in sales reported by store owners who take their dogs to work and dogs can serve as a crime deterrent.