FIN 422 Week 5 Team Assignment FINAL

Retirement Plan Enhancements

FIN/422

Agenda

IntroductionOn-site daycareWellness programsEmployee stock option planProfit match to the retirement planConclusion

Introduction

“As in all successful ventures, the foundation of a good retirement is planning.” – Earl Nightingale

On-Site Daycare

More ProductivityBetter Quality workRelatively low cost to the companyHigh value to the employee

Wellness Programs

Helps our employees have overall better health.Can cause our insurance premiums to lower because of the program and the better health of our employees.Employees can be more productive and use less sick time because they are in better health.

Employee Stock Option Plan

Alternative source of compensation for employeesEmployees have a “stake” in how the company performsPerformance-based incentive for additional stock options Helps recruit new talent to the companyRetention tool for loyal and experienced employees

Profit Match to the Retirement Plan

Increase employee productivityEncourages employees to increase productivityHigher revenue and profit potential

New employee potentialAttract potential new employeesCompetitive employee benefits

Conclusion

These benefits are an important key to the work-life balance. Employers are in a better position to garner the benefits with tax breaks associated with such benefits.The cost for employers is typically less than that of an individual which furthers the idea that these benefits should be offered. Business strategy is the best way to implement benefits and should always be considered. Employers should look at these benefits as an asset and not a liability.

References

Parker, T. (2019). Top 20 Retirement Quotes. Retrieved from https://www.rothira.com/top-20-retirement-quotes Murphy, T. E. (2010). BENEFITS and Beyond A Comprehensive and Strategic Approach to Retirement, Health care and More. Retrieved from https://phoenix.vitalsource.com/#/books/9781483379111/cfi/6/2!/4/2@0:56.7

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