The role that benefits plays depends a great deal

The role that benefits plays depends a great deal on the demographics and culture of a company. The value of benefits increases as the age of the workforce increases. Try and think of what other demographics will influence the value of benefits in the future?

Solution:

The benefits to the workforce refer to the reward of their working in the organization. The benefits can depend upon the demographic and the cultural aspect of the company. The demographic characteristics of an employee include the age, gender, qualification etc. The value of benefits increases as the age of the workforce increases. That is the there are more benefits at the old age such as gratuity, retirement benefits etc. The other characteristics namely gender and educational qualification also affects the benefits to the employee in the future.

The gender discrimination is done for the benefits attainment by the employee; the females are given more benefits than males. There is a special quota in every organization which requires the hiring of female employees. Apart from these special benefits in the form of health insurance, maternity leaves, compensation etc. are attached with the gender. The educational qualification is another demographic factor on the basis of which the benefits can differ. The higher the educationthe higher will be the benefits. All these factors do affect the value of the benefits in the future course of time.

Reference:

HYPERLINK “https://www.google.co.in/search?hl=en&prmdo=1&biw=1366&bih=629&tbm=bks&tbm=bks&q=inauthor:%22Max+Muller%22&sa=X&ei=v9S9T_TQDoanrAepv73YCg&ved=0CFcQ9Ag”Max Muller, HYPERLINK “http://books.google.co.in/books?id=GIIPHoMtw4AC&printsec=frontcover&dq=HR&hl=en&sa=X&ei=v9S9T_TQDoanrAepv73YCg&ved=0CFYQ6AEwAg” o “The Manager’s Guide to HR: Hiring, Firing, Performance Evaluations, Documentation, Benefits, and Everything Else You Need to Know”The Manager’s Guide to HR, 2009.