Discretionary Benefits [WLO: 2] [CLOs: 1, 2] Prior to beginning this discussion, review The Most...

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Discretionary Benefits [WLO: 2] [CLOs: 1, 2]

Prior to beginning this discussion, review The Most Desirable Employee BenefitsLinks to an external site. article, as well as the additional required readings this week. An employer may provide discretionary benefits to the employee, which is not mandated by law. These benefits are considered to be additional “perks” of the position. Examples could include pay for time not worked, health and medical insurance, and retirement plans. However, while the benefits may not be required by law, there may be laws regarding the administration and design of said discretionary benefits. For your initial post, answer the following questions and provide support for your arguments:

What role(s) can discretionary benefits play in an organization’s HR function and why?

What should an employer take into account when designing a discretionary benefits program and why?

week-4-guidance-hrm610-wk4-qe1thbmu-p5g0kj4n.docx required-resources-hrm610-wk4-wnvyrqxc-gvajpvwd.docx

Shubham · Accepted Answer

Discretionary benefits is important and this plays an important role in the organization and this helps HR to function that can help in retaining, motivating and attracting employee for staying in the organization. It includes benefits that are not related with the law and it provides employees with a sense of security and well-being. It is important for increasing job satisfaction and loyalty for the organization. This provides with discretionary benefits that can help an organization to differentiate the company from competitors in the labour market. It is required for handling the tight labour markets where employers are searching for top talent (Alqudah, Ca
allo-Penela & Ruzo-Sanmartín, 2022). Discretionary benefits include medical benefits and insurance along with retirement plans. This can also be used as a tool for employee retention. This includes providing attractive benefits packages and this increases loyalty of employee to the organization and it reduces turnover rates. This process is important for organizations that invest heavily in training and development of employee. The company may have to pay high for replacing skilled and experienced employees. Discretionary benefits are required for motivating employees to perform and keep on improving the...

Discretionary Benefits [WLO: 2] [CLOs: 1, 2] Prior to beginning this discussion, review The Most Desirable Employee BenefitsLinks to an external site. article, as well as the additional required...

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