Article Critique Assignment Essay Example | Topics and Well Written Essays - 500 words

Article Critique Assignment - Essay Example It is at this time that companies have to make use of effective communication regarding employee benefits. Many employees are not even aware that their benefits like health plans, employer-paid life insurance, pension deposits, tuition reimbursement programmes and employee assistance programmes amount to roughly one third of their salary. Wise employers would try to make clear to the worried employees at these times that the benefits they are provided are a way to show how much their service are appreciated. Effective explanation of the real value of benefits will lead to higher levels of employee satisfaction. This will also reduce the instances of talented employees being lured by seemingly higher salaries, since the awareness of the real value of their benefits would help them make realistic calculations, which will convince them why it is better to stick on to their current job. Communication helps not only to retain talent, but to maintain the morale as well. Those who are worri ed about the lack of bonuses and incentives, and the fear of staff cuts, the reassurance that their compensation is as much as 25% more than what they thought it was could curb the bitterness. Morano suggests a total compensation communications campaign, which can be realized at a minimal cost. This could also be supplemented at an even lower cost and a more dynamic manner – communicating the benefit plan at a one-to-one basis. With the effective implementation of these strategies, the high anxiety among employees can be minimized drastically, and the productivity of the company can be maintained even during the crises of economic recession. 2. During the time of economic recession, employees are not able to show their appreciation towards the good work of their employees with raises, bonuses or incentives. The constricted budgets do not allow them to be generous towards their employees even if they want it. The employees may experience a lot