As newly HR specialist at large manufacturing company. You discovered based on benchmarking how the company’s benefits are not as good as its top four competitors, prepare a persuasive report to the manager of compensation and benefits identifying additional benefits to offer and the legal and financial impact of your recommendations.
1) Current trends in employee benefits programs- identify the most popular trends in benefits today and how they add value. Support your answer with statistics, research and or examples.
2) Recommendations for Improvement- identify and justify which benefits you recommend offering your employees.
3) Legal Implications of Benefits- identify and describe local, state, or federal laws regulating the application of those benefits you recommended in the workplace.
4) Cost Containment Strategies for benefits- Describe At least two ways the organization can keep the cost of your recommended benefits under control effectively without running afoul of laws or regulations.