Employee benefits Assignment Example | Topics and Well Written Essays - 1250 words

Employee benefits - Assignment Exampleinclude, vacation and sick will, health insurance, pension plans and proper wages according to the local standards on minimum wages and working duration.The organization executes annual health and natural rubber day where health consultants and safety experts advise the employees and carry out health assessments on employees. Besides, the employees are conscious on safety compliance and health as well as compliance to environmental protection. The simple eye pressure of employees is measured and fresh up massages. The company allows a maximum of 6 months of sick leave for its employees but with no pay. The company has a policy of not forcing its employees to work the only remedy for this is to come salaries. The directors are paid compensation in boundarys of pension plans, stock option plan at market price among other related benefits.The employees are offered an employee Benefit Plan 401(k) as well as single employer plan, health insuranc e cover which is deductable from their basic pay (Finance Week 23). The health insurance for employees is unconditional for all permanent employees. The temporary or contract employees are required to organize for their own personalised health insurance prior to signing their employment contracts. The executive employees have other benefits which tied onto performance but majorly linked to the stock options plans. The executive employees receive the highest compensation in the company depending on the limit of output of the organization and its investments.Richemont Swiss offers life insurance to its employees, which is optional and deductable from the basic pay of employees. This comes after an stipulation with the employees from the deduction on their pay. Besides, the organization has other health benefits such as dental benefits, long term disability for the employees in line of duty, temporary disability benefits such as accident and sickness, death benefits which manufact ure of travel accidents with exclusion of life assurance. The