Linking benefit and pay and to competitive advantage

For companies to be fitting to give their vanquish and build up high quality goodishs and services they require to have a achievement force which is of high juicy, their productivity is mostly based on approximately few aspect such a pay and benefit and competitory advantages. As companies/ square face still competition to control the food market whatever management of these companies atomic number 18 coming up with ideas to please their employee and correspond them in their unfaltering. All firms require these three things. Some have glossy benefits others are reassessing their presss numerous package are fund education, elderly dread , health concern for employee family, walk institutionalise for their employee, rewarding the most productive employee and providing houses for their employees.Fund educationSome companies encourage their employee to further their studies and climb up the ladder in the keep political party. This is do in order to increase emplo yee companionship in what he/she handle in the order. Its to a fault done in order to increase the productiveness of a employee.Elderly careAs most companies face stiff competition service and good, many firms are starting a package to cater for their employee who have since retired and are in their late ages. This is done in order for an employee to be roll up to concentrate on his duties and give their best in that play along. Company which offer these services passs mostly to out d other s who do non have such kind of services in their operation.wellness care for their immediate familyWhere an employee is required to leave his place of fashion and go to take his immediate member of family to a hospital, whatsoever companies are shimmy this wastage of epoch by introducing health care services to their employee not only if saves time the service bequeath to a fault save the employee money as he/she does not need to spend anything in the hospital as his company will set tle the bills.Offer transport for their employeeFirm will buy buses which are used to ferry their employee from their residence to their place of guide on this is done in order to be bale to save to time which they could have used to go and tactile property for other essence of transport and thus reporting to work late or already fatigue and thus been unable to puddle more(prenominal) for the company. In some firm every employee is dropped at his/her door and thus save companies and also employee time. recognize the most productive employeeIn most firms an employee who produces more in the firm is mostly rewarded by the management this is done in such forth that the productiveness of employee is perused, where by a firm provide a asker where every employee fills the questioner with the guidance of the management.Providing houses to employeeIn area where the employee comes from a furthest distance the firm provide houses for their employee where the employer do not want th eir employee to liquidate time they are provided with a house where they resides together with their family. Its also done in order for a company to be able to know that their employees are safe.ResultsCompanies which have the above described services to their employee tend to have high production and do correct than other who does not have any benefit / free-enterprise(a) advantage.Messer. M (2006) Benefits Gian a competitive edge with offerings employers want strategic finance 88.no5, 8, and 10Competition for experient accounting and finance professional increase cheek are aspect for ways to give themselves an edge way top help, a proletarian achieve a intermit work life balance this is by reservation the worker comfortableness in his work and also in his life among the benefits is over time work and companies that offer facilities such as health care or similar effort demonstrate commission to personal to their employees.They use various ways such as sharpening the lear nings of the employee,Sharpening of readinessThis is done by the company sending employee to school to increase their skill in the company. This effect is felt by the company in their production. inclose where an employee is kept comfortable by the company he tends to produce more in turn of return. A company input can fructify the employee out put this is determined oh how committed is the company to its employees. Company and employee digress widely. In order for a company to perform effectively its moldiness know who to hire, retain nature and develop its employees.The trouble is the employee effective studies appearance that the best and the academically brightest are more likely to leave a firm. This is the best are mostly not comfortable either by the working condition or the workers pay and benefits and thus they are track down by other companies which have better conditio0n and benefits. A company may use the benefits to increase its employee morale and retaining and a ttracting employees it can also use benefits to forbear employee attitude and increase their performance. Such benefit includes race growth or a mentor in a firm.Career growthThis is whereby the company can take its employee to school in order for them to acquire tonic skill for the company. This makes the employee to feel that the company owns them and thus give all the best to the company. What is eventful in any company is the employee and their status a important factor any company to keep its clients and its business knowing its given over into it .its capability to recruit, retain and develop its employees.In most countries in the leash world many workforces will join many companies with a look of giving their best into the company will be determined by company interest in strengthening and restructuring the employee profession. Those different employees will look different in most companies, some will be challenged by the rumination given by the company and advance the ir career with the cypher of crimping the ladder and also for a better pay. Some will not work with the referenced company for long due to been unable to suit to the company, other will go to better paying companies, provide better working condition have good package.Many employee do not take a company as a place to work for over five years they gauge their stray on some aspect its understood that many employee in the res publica are more likely to leave seeking better working condition and other rumination.In some companies they have developed ways of tapping the promising employee by promoting him over the ladder, they also encourage them to go to school and advance their career in order for them to climb the ladder of promotion and get better pay thus encouraging them to work with the said company. Companies should at least look into employees policies under which they work.Schwartz B,R,Wurtzel J, Olson L attracting and retaining teachers organization for a economic cooperati on and development. The OECD commentator no261.27-28In each and every company all workers slopped requires some readiness. In order for them to be able to produce for the company this means they have to asses the work of the company what is expected of them and their aims/goals.IntroductionFor example some company creates a week in the company calendar for rigorous training and also introduction. This enables the employee to be able to produce what is expected of him. It also expects to minimize time loss in the company. To develop a company to be able to produce more and have effective employees a company is supposed to match the productiveness of an employee. In some company they provide a questioner which every new and old employee fills, it offer each week this is aimed at direct correspondence between the directors and employee. In order one to known the weakness and strong ness of an employee. Its integrated in such a way that the directors reads the questionnaire and when they note there is inanition in one employee a special team is there to answer him.Some firm share workshop with other firm this is to date that an employee can learn from the other employee of another firm other organization organize for departmental workshop this sharpens an employee and also he /she get to visualise what he does not understand . This is aimed at putting them with the high execute employee and low performing employee to effective knowledge.One common thing is that good employee is an advantage to the company in which a company can be able to produce more and employee can learn from one another. keep and retaining employees makes them feel that they are part of that company thus they work with all their strength knowing that they will be in that company for a long period. In each and every form when making a policies one should address pay and potential for company / domain growth.In many countries most in third world country worker5 policies are becoming a b it tough to the worker and many people are resulting for self- employment a company should come up with way to reward the employee i.e. by paying more for one who produce more. This is linking pay and benefit to competitive advantage.T. H Koen,Wang C,J.2005 Benefits offer an advantage a firm productivity ?an empirical examination personnel review 34no4.,393,512SummaryThis is explaining or suggesting that employee benefits have a moderate effect on firm productivity, irrespective of industry or firm size.