Employee Benefits and its Effect on Productivity at Semcon India Private Limited, Bangalore

Abstract

Reward management is the key to motivate employees in the present scenario of the work environment. Many researchers have deliberated on the same points that employ benefit packages will motivate employees at the workplace. In the case of benefits monetary benefits like cash rewards and insurances are most preferred by the employees. Many compensation personnel usually are in the state of fix to identify the right kind of benefit and most suitable to retain employees at the workplace. The Head of HR's think about the ideal plans for offering a holistic compensation package. Usually benefit packages are kept a part of flexible plans and annually it is changed.