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You’re very accustomed to seeing statistics focused on the fact that American employers in general provide much less paid time off than employers do in other countries, but there is a more puzzling set of figures that bear looking at as well. Even when American workers are given paidvacation time, they barely even use half of it.
So offering dearness allowance as a type of employee incentive program is a reliable way to attract and retain employees. Fringe benefits are the goodies that companies offer employees besides their salaries. They are usually non-cash perks, such as health insurance, paidvacation days, or gym memberships.
Apple offers its employees extended paidvacations while their medical coverage plans include fertility treatments. Employee perks are non-wage offerings that extend beyond salaries and benefits and are an important component of company culture. What are perks? What are gifts?
Paid leaves – From maternity to sick leaves, compensatory time off, and even paidvacations, paid leaves are usually calculated by dividing an employee’s annual leave balance by the number of pay periods in the year. However, the insurance premium is left to the discretion of the company.
In this section question pertaining to the overall engagement, the company culture, likeliness of recommending the company to others, for how long does employees feel committed to the organization and similar questions should be asked. EmployeeRecognition: People may take a job for more money, but they often leave it for more recognition.~
For example, Microsoft could enhance their years of service awards by offering additional paid time off to employees who have been with the company for a certain number of years. For instance, employees reaching 10 years of service could receive an extra week of paidvacation to use within the year.
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