The Business Strategy of Employee Benefits As a part of the total compensation p

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The Business Strategy of Employee Benefits

As a part of the total compensation paid to employees, benefits serve functions similar to pay. They contribute to attracting, retaining, and motivating employees. The scope of possible employee benefits is limited only by the imagination of an organization’s decision makers.

For many years, Google has been at the top of Fortune’s list of the best companies to work for in the United States, mainly because of the extensive array of benefits it provides to its employees. These “perks” include free transportation to and from the office; subsidized on-site daycare and laundry facilities; a free gym and company-subsidized massages, not to mention the more than 19 cafés that serve free breakfast, lunch, and dinner. As the following video demonstrates, there seems to be a solid business strategy behind Google providing such a rich assortment of benefits to its employees.

1."Googlers" enjoy extensive employee benefits but what is the competitive advantage of these perks?

    a.helps employee focus on work

    b.distracts people from working

    c.keeps people at their desk

    d.ensure strict work schedule

    e. requires people to follow rules

2. Lowering the cost of company-subsidized childcare is an example of Google

   a.listening to its employees

   b.trying to reduce company cost

   c.not caring about employees

3. Why does Google monitor the length of employee lines at its in-house cafés?

a.gives employees time to interact

b.controls food cost

c.monitors employees diets

d.evuluates food trends

e.identifies vegans

4. What is unique about Google's approach to employee performance goals?

a.provides extensive flexibility

b.sets them in stone

c.does not set goals

d.makes goal consistent

e.avoids performance reviews

5. What is behind Google's approach to employee benefits?

a.let the employees use their brain

b.never trust employees

c.senior manager knows best

d.freedom to choose causes chaos

e.treat them like children

Explanation / Answer

1)

a. Helps employees focus on work.

Highly motivated employees work better

Q2)

b. trying to reduce the company cost

Q3)

d. evaluates food trends

Q4)

a. provides extensive flexibility

Q5)

e.treat them like children

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