Management Paper

Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. The importance of employee benefits allows a company to reduce the turnover rate, or set an industry best safety record. For any HRM program to work you must first know what motivates your targeted employee market. Most employees aren’t motivated by the paycheck it’s the perks that go along with the paycheck. Obviously Motek has done a great job of this to have the “lowest turnover rate in the industry.” They understand there is more to it all than money. The desire of being accepted and appreciated is equally if not more important, and Motek has found ways to show its’ employees this and more. Giving them “paid lunches” communicates we care for your well being and appreciate your hard work. For me Intel has a descent perk package, from discounts at hundreds of locations, to 100% tuition reimbursement (only if you study in a field they want you to). But how can this be used in goals related to safety? Well an undistracted employee is less likely to be an unsafe employee. Meaning that