Total Rewards

0 / 5. 0

Human Resource Management Time-Off Policies Name Institution Work versus Vacation Policies The King’s Company wishes to develop cost-effective strategies in the current situation of declining sales, to survive the turbulence in the industry and market. For an effective strategy, the company must change its organizational structure, culture, practices, and policies. One main issue is on time-off policies, how it is implemented and used, yet avoiding litigation. Successful implementation of time-off policies assumes an open and transparent organizational culture, clear communication channels, and working as a team. Organizations offer paid time-off as an employee benefit which is in the comprehensive employee compensation packages. In the past couple of years, highly skilled employees are now demanding to have paid vacation days included in their compensation packages (Tissen, Lekanne Deprez, Burgers, & Van Montfort, 2010). Traditionally, employers offered their staff separate paid time-off benefits which included sick leave, attending to personal matters, and paid vacation. However, in the recent times, many companies are shifting to offer a more flexible Paid Time-Off (PTO) benefit policy. For instance, Netflix has adopted the Paid-Time-Off policy, which allows its own employees to schedule and manage their time-off. Virgin, VMware, and LinkedIn are the other three companies that have also adopted the PTO policy. The King’s Company can benefit from this policy by reducing unscheduled absences and gaining competitive advantage by attracting and retaining highly skilled employees. Adopting PTO policy is beneficial to the company, as the employer will

Related samples

Name Name von Professor Disziplin Datum Inhalt TOC o "1-3" h z u 1 Einleitung PAGEREF _Toc507996845 h 32 Chancen und Risiken der Digitalisierung PAGEREF...

Motivation und Gesundheitsverhalten Inhaltsverzeichnis TOC o "1-3" h z u Abbildungsverzeichnis PAGEREF _Toc507269413 h 31. Gesundheit und gesundheitsbezogenes...

Descartes
0
(0)

DESCARTES MEDITATION Student’s Name Institution Introduction This term paper reflects Descartes’ meditation. It gives a critical analysis concerning the...

Student’s Name: Professor’s Name: Course Number: Date: Schizophrenia Psychological disorders are a pattern of irregular thoughts and behaviors which impede a...

Comments

Leave feedback

Your email address will not be published. Required fields are marked *