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Human Resource Management Name: Institutional Affiliation: Date: QUESTION 1 Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and the employees. In your opinion, what benefits are of most significant value to employees? To the organization? Why? From a personal perspective, I believe that medical and retirement benefits have more value to the employees as compared to the other types of benefits (Snell & Bohlander, 2013). However, any benefit is of value to the organization. The more benefits a company offers its employees, the more likely it will retain its employees and more talented employees will also want to join the organization. The organization grows to be more competitive in the industry as compared to its competitors since highly gifted employees will be attracted to that particular organization. To increase the value of the organization in the job market, the management needs to inform the employees about the benefits that the company offers. Moreover, it needs to involve the employees in deciding which benefits are most important to them (Mamorsky, 2017). This will enable the management to provide flexible benefits that will enhance employee satisfaction and will improve the company value in the job market. Employers are required by law to provide specific benefits to employees. What laws mandate benefits to employees, and what are the provisions of those laws? The social security act- An employer is entitled to pay social security taxes as a similar rate to the one paid by employees (Snell & Bohlander, 2013). Unemployment insurance is also mandated at the state
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