Employees' Benefits Essay Example | Topics and Well Written Essays - 1000 words

Employees Benefits - study ExampleThis study suggests Leverage the power of the leading contain plan administration technology Our unspoilt Service Plan Administration solution is delivered through our proprietary sack up technology, Shareworks (Share Works Premier 2010 score 2).The employer can establish advanced plans like inducing plans, savings and investment plans. Employees are the most all-important(prenominal) assets of an geological formation, who are the pillars which support the organization and without an organization cannot operate its business therefore, Use of web-based technology go forth uphold the Microsoft to re-establish stock procure plan in a better way which will be right-hand for the organization to sustain and motivate its employees, web technology will also help the organization to rectify its administration and will free the employees to gravel updated about current and upcoming incentive plans (Beam and McFadden, 2001). Introduction of spi c-and-span plans will motivate the employees to work efficiently and these new plans will cover the loss of employee stock purchase plan to employees and will endure more investments option to employees, so introduction of new plans will allow employees to reduce the investment risk by diversifying the portfolio through investing in other investment and savings plans. Investment and saving plans generally provide a sense of ownership in the firm, these plans will emphatically boost up employees motivation and their loyalty towards their organization, Microsoft then be able to retain its efficient and full-bodied workers. Microsoft should also increase its existing plans such as increasing the discount percentage on employee stock purchase plan it will improve the current working conditions of employees and will help the organization to provide employees with improved working environment, researches have shown that improving existing incentive plans will increase the motivational take aim of employees and it increases organizations performance as well. The company should also devise new incentive plans and recompenses, new incentive plans to the efficient workers will be helpful for the organizations to get best out of their employees in bring round whereas organization should introduce new awards and should make sure that those employees who are doing well and meeting their targets should be appraised and rewarded in front of everyone, it makes sure that management cares about them and notices their every effort made for the well-being of the organization. New incentive plans will provide a new opportunity to employees for self-improvement and for enhancing their living style (Martocchio, 2010). Use of web technology will also allow the organization to provide detailed information about plans to the employees that will increase clarity and transparency it will help the employees to understand offered plans in a better way. pellucidness and transparency reflects the mirror image of an organization, so basically it eliminates or minimizes doubts regarding the image of the organization, it will help employees to stay clear about plans and will definitely increase employees strive towards achieving those incentives and rewards that will eventually increase organisational productivity and performance (Medina, 2006). Web technology will also help the organization to manage the reward system in an efficient way, so that deserving employees wont get de-motivated and will be rewarded timely. Use of web technology will decrease the administrative cost of the organization, will allow the organization to better utilize its capital on incentive plans offered to employees. Employees work for some compensation and they always collect a pay back for their efforts not only in terms of basic salary only when in shape of extra benefits as well. Extra