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(Employee Benefits)

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Presented By

S.M. Ziyad Ahmed 11264010

Mohammad Jahidur Rahim 11164035

Jashim Uddin Sarker 11264013

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Discussion Topics

The role of benefitsTypes of Benefits

Issue in indirect Compensation

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Benefits

Employee benefits are a tool used by businesses to

attract potential applicants, improve employeesatisfaction, reduce turnover and maintain competition.Employee benefits are various non-wage compensationsprovided to employees in addition to their normal wages

or salaries.

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The role of benefits in reword systemAdvantages to Employer

Job satisfaction

Motivation

Low Absenteeism

Low Turnover

Enthusing and motivating employees to workharder

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Advantages to Employer (Cont..) Improving staff retention and attraction

To foster good morale

Improving the health and welfare of employees Being seen as an employer of choice

Reducing workplace stress

Complying with benefits regulations

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Advantage to Employees

Peace of Mind

Increases self-confidence Employees can feel a sense of pride

Employees can feel a sense of protection

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TYPES OF BENEFITSMandatory protection programsCompensation for time not working

Other protection programs

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Mandatory protection programs

Retirement Pensions

Long-term disability income

Healthcare & Wellbeing

Health Benefits for Retirees

Pay, Bonus & Reward

Unemployment compensation

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Compensation for Time Not Worked

Holidays

Vacation

Sick Leave

Personal Days

Other leave

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Other Benefits programs

Life, Health insurance and AD

Tax-Efficient Benefits

Childcare & Carers

Company Cars & Fleet Flexible benefits

Technology & Administration

Financial Education

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ISSUES IN INDIRECT COMPENSATION Cost Containment

Flexible Benefit Options

Communicating About BenefitsWork-Family Issues

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ConclusionIt is important that organization help employees fullyunderstand all of their options and the true value oftheir benefits package.

We believes that well-implemented workplace flexibilityoptions, including paid leave, lead to increased

employee commitment and engagement, greaterproductivity, reduced turnover, reduced stress, andincreased profitability.

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Thank You

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Any query?