Question

Explain the advantages of offering employee benefits from the perspective of an employee and the employer.

Answer 1

Advantages of offering employee benefits from the perspective of an employee

- employee benefits like health insurance, pension benefits, and many more motivate employees and feel connected with the organization.

- Such benefits secure the future of the employees and they tend to be more honest and loyal with the organization.

- the productivity of the employees will surely increase as they get several benefits that secure their presents and future as well.

- when the workers are provided with health insurance plans, the more likely to have regular doctor visits and have the ability to take preventative medical steps.

Advantages of offering employee benefits from the perspective of an employer:

- A benefits plan, like good health insurance coverage (including dental and vision), helps attract and retain quality employees for the long run in the business.

- Organizations get the tax advantage by deducting plan contributions, health insurance, life insurance, and pension plans.

- Providing benefits decrease absenteeism and improve employee health and morale of the employees.

- satisfied and happy employees will contribute their maximum to the business thus helps in increasing productivity and sales.

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