Your CEO has just read an article in THE WALL STREET JOURNAL that discussed how employee benefits costs are on average 40% of total payroll costs. To save money, he suggests the company fire the entire benefits staff (saving hundreds of thousands of dollars per year) and simply eliminate all non-legally required benefits. In exchange, he’d like to give all employees a base pay raise of 30-40% instead of offering benefits – they can simply purchase their own benefits if they want them.
Provide at least one argument that could be presented to your CEO to persuade him/her that this is not a good idea.
Provide at least one argument that supports your CEO’s idea.
Explain what anticipated impact you believe this plan would have on the organization’s ability to attract, retain and motivate employees.
Type of service-Academic paper writing
Type of assignment-Essay
Pages / words-1 / 275
Academic level-Sophomore (College 2nd year)
Language style-US English