Assignment task:
1. Develop a brief overview of the company that includes the organization's vision, mission, and values.
2. Identify a minimum of three mandatory employee benefits.
3. Provide the legal justification crucial to understanding the mandatory benefits offered.
4. Identify a minimum of three discretionary employee benefits.
5. Provide related information that is crucial to understanding the discretionary employee benefits offered.
6. Evaluate how the discretionary and mandatory benefits align with the company's organizational strategy.
Here is a brief breakdown to help assist with the questions.
1. Write a short overview of the company that includes the organization's vision, mission, and values.
Remember, mission means - what you intend to do (why does the organization exist), vision is how you intend to do it, and values is what behaviors do you intend to use).
2. Identify a minimum of three mandatory employee benefits.
(Think mandatory - federal level here, what are three benefits that everyone at the company/ organization must get, HINT: Worker's comp. ins., family related medical leave
3. Provide the legal justification crucial to understanding the mandatory benefits offered
You should be able to develop legal justification(s) - what laws apply to mandatory benefits, from your research on Question #1).
4. Identify a minimum of three discretionary employee benefits. Need Online Tutoring?
Think big-picture here, what are three optional - but very common, benefits that everyone at the company/ organization would get, HINT: accrued time off [vacation/sick time], Retirement acct.
5. Provide related information that is crucial to understanding the discretionary employee benefits offered.
What kinds of data would you need to know in order to create a well-crafted optional employee benefits package? For example, would you conduct a local market study of benefits from similar companies?