Retirement Benefits Help Employees example essay topic

Would you like to work at SAS? Why or why not? Would you prefer to work at SAS or at Microsoft? Ans: Yes, I would love to work with SAS if given an opportunity. The employees of that company enjoy working and serving the company.

The basic reason that I would like working for SAS would be the Employee benefits provided to employees. These are of two types: - 1. Welfare benefits help protect current employees against losses associated with illness, disability, or death. Welfare benefits can provide flexible, low cost options that protect employees and their families against the high cost of medical expenses and the loss of earning capacity that can accompany a sudden accident, illness or death. 2.

Retirement benefits help employees save for retirement and may provide income for employees in their retirement years. Qualified retirement plans typically cover substantially all employees and have special tax advantages. These types of plans are subject to somewhat complex rules to obtain tax advantages. Two broad categories cover most qualified plans: defined benefit and defined contribution. Also the work environment and the overall timings of the organization would help in reducing the worry of the employees regarding their families. It would also help them in spending time with their families, thus indirectly improve their productivity and satisfaction with the job.

Question: - Would you prefer to work at SAS or at Microsoft? Ans: SAS gives a lot of benefits to its employees working with it. These benefits are very tempting but the company does not have a name and prestige as what Microsoft has. Working with Microsoft would be amazing as regards to the job content, but when it comes to choice I would prefer to work with SAS. They will not have the benefits associated with Microsoft, but yet we are working to make a living by doing what we enjoy doing the most. Question: - What are advantages and disadvantages of SAS benefit strategy?

Ans: . Advantages: 1. The company will get employee commitment and the employee gets job satisfaction that is beneficial to both. 2. It boosts employee's moral to work better, which in returns gives high returns.

3. Willingness by workers to work extra if needed to complete projects and assignments. 4. It increases the company's stock value and goodwill among its employees. 5.

Working environment is positive and upbeat... Disadvantages: 1. Employees may be very relaxed. 2. A major disadvantage is the profit to benefit ratio. 3.

Employees will be over rated. 4. It would result in the employee's opposition to introduce changes or reduction in the benefits. Question: - SAS is sometimes criticized for being too paternalistic.

What is your opinion? Ans: Today, in the 20 buildings scattered over SAS campus, coffee-break rooms are stocked with free sodas, fresh fruit, M&Ms and pastries. SAS employees even get a tuition discount if their children are admitted to Cary Academy, a private school Dr. Goodnight founded From 100 original customers in 1976, SAS now serves more than 30,000 customer sites in over 120 countries. SAS leases rather than sells its software. Thanks to its 98% renewal rate, revenue has climbed by double-digit percentages in each of the company's 22 years of existence and is expected to hit $850 million this year.

At first blush, you look at SAS and it seems like a very paternalistic organization. But if you look carefully, it's actually an enormously effective business model. The roughly $50 million a year of figures SAS saves with its low turnover, pays for all the family-friendly stuff. It is enormously shrewd. While the free company clinic costs $1 million a year to operate that is $500,000 less than what it would cost the company if employees were treated elsewhere.

People are clamoring to get in the company so even if it seams a paternalistic company it's following a very basic formula "Keep employees happy the company will be happy".