Other
HRM3705 SU 9
- Institution
- University Of South Africa (Unisa)
STUDY UNIT 9
[Show more]
Content preview
COMPENSATION MANAGEMENTHRM3705
Study unit 9
Employee Benefits
Prepared by Magda Bezuidenhout,
, Learning outcomes of study unit 9
Once you have completed study unit 9, you should be able to:
• Define discretionary employee benefits and discuss the role in plays in strategic
compensation
p
• Discuss the purpose of employee benefits within the reward system
• Discuss the various types of employee benefits and their different roles
• Discuss flexible benefits as an alternative pay system
• Discuss the implications of discretionary benefits for strategic compensation
• Identify and discuss the different components of discretionary benefits
• Contrast between defined benefit plans and defined contribution plans
• Discuss the advantages and disadvantages of flexible benefit programs in terms of
employee satisfaction and cost containment
• Identifyy and discuss legally
g y required
q benefits
• Discuss some of the implications for strategic compensation and possible approaches
to managing legally required benefits
• Understand the key y role of communications in increasingg the p
perceived value of
benefits
• Discuss the considerations when designing and planning discretionary benefits
programmes
Prepared by Magda Bezuidenhout,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LLL56. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R65,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73527 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 15 years now