Allowance or Subsidy: Benefits to Employees Ought to Exceed the Benefits to the Company
Chapter I 1
INTRODUCTION
The Problem and Its Setting
“When employers give allowance or subsidy, the benefits to the employees ought to exceed the benefits to the company.” - John Kasich
An employee is an individual who was hired by an employer to do a specific job. Employees may work part-time, full time or temporary, barters his or her skills, knowledge, experience, and contribution in exchange for good compensation and benefits from an employer. As cited by Yeng Remulla, (2010), employee benefits are becoming a major part of what employees are looking for from their companies. Therefore some companies are looking at their benefit packages and trying to trim benefits which are beneficial to everyone that will motivate employees into better enjoying their jobs. 2 In the business industry, it cannot be denied that employees are a big part of it and that success of firm depends upon them therefore, it is really essential that company treats them adequate compensation and benefits are given according to what they deserve. As cited by Thomas J. Peters ,(2003), the magic formula that a successful business has discovered is to treat customers like guests, and employees like a real persons. Some company’s common reasons in giving benefit is to motivate their employees to be more into or be more hard-working on their prospective job's. The situation cannot change the fact that employees meant to constantly experience stress, adversities, frustrations, tiredness due to a lot of work and even rejections on their job so it is a must that there is something that will give them a reason in order for them to continue their service. One of the ways which an employee adheres faithfully to the company is through receiving allowances which include meal allowance or
INTRODUCTION
The Problem and Its Setting
“When employers give allowance or subsidy, the benefits to the employees ought to exceed the benefits to the company.” - John Kasich
An employee is an individual who was hired by an employer to do a specific job. Employees may work part-time, full time or temporary, barters his or her skills, knowledge, experience, and contribution in exchange for good compensation and benefits from an employer. As cited by Yeng Remulla, (2010), employee benefits are becoming a major part of what employees are looking for from their companies. Therefore some companies are looking at their benefit packages and trying to trim benefits which are beneficial to everyone that will motivate employees into better enjoying their jobs. 2 In the business industry, it cannot be denied that employees are a big part of it and that success of firm depends upon them therefore, it is really essential that company treats them adequate compensation and benefits are given according to what they deserve. As cited by Thomas J. Peters ,(2003), the magic formula that a successful business has discovered is to treat customers like guests, and employees like a real persons. Some company’s common reasons in giving benefit is to motivate their employees to be more into or be more hard-working on their prospective job's. The situation cannot change the fact that employees meant to constantly experience stress, adversities, frustrations, tiredness due to a lot of work and even rejections on their job so it is a must that there is something that will give them a reason in order for them to continue their service. One of the ways which an employee adheres faithfully to the company is through receiving allowances which include meal allowance or