Welcome to Live Chat
Welcome to LiveWebTutors Services, World's leading Academic solutions provider with Millions of Happy Students.
In A Hurry? Get A Callback
Many employers offer their employees benefit packages as part of their total compensation program. Often these benefit packages range in value from 30 to 40 percent above the employee’s base salary. A very interesting question is: Why don’t companies simply pay their employees 30-40% more salary and have the employee select their own benefits?
In simple terms, taxed earnings is that earnings on which you are required to pay govt taxation. The quantity beyond which you have to pay the earnings tax is made the decision by the tax govt bodies after cautious research. The earnings of individuals owed to different age, places and careers is analyzed and the overall situation is analyzed before determining what the taxed earnings should be. The taxed earnings supports are useful in identifying the tax which an individual owes to the country or state. By talking to your tax advisor you can easily get to know about what comprises as taxed earnings for social security.
Based on some research and my own experience, I believe that there are four main reasons that employers provide benefits programs to their employees.
The four reasons are:
- Lower cost – The main reason that employers offer its employees benefits programs lies in the following quote: “A decade ago, many employers adopted benefit plans, in lieu of paying cash, simply for the tax benefits.” (Smith, 2007) According to the article, there is a significant difference in the tax collected on salaries compared to the tax collected on the same value of benefits.
- Incentives – Many employees offer benefit programs as a way of enticing people to join their organization. A healthy benefit package is equally as important as salary dollars.
- Work satisfaction - Staff are happier with an employer paid and managed benefit program. This type of program reduces stress on employees by taking over the responsibility of benefit program design.
- Staff morale – Happier staff means greater staff morale which means more productivity.
There are many reasons that employers might offer their employees company managed and paid benefit programs. While the list is likely long, four key reasons are highlighted in this report.
There is no deadline that can stop our writers from delivering quality assignments to the students.
Get authentic and unique assignments by using our 100% plagiarism-free services.
The experienced team of Live web tutors has got your back at all times of the day. Get connected with our customer support executives to receive instant and live solutions for your assignment problems.
We can build quality assignments in the subjects you're passionate about. Be it Engineering and Literature or Law and Marketing we have an expert writer for all.
Get premium service at a pocket-friendly rate. At live web tutors, we understand the tight budget of students and thus offer our services at highly affordable prices.
They check the papers thoroughly before submission. This helps every one of us acquire 100% error paper, irrespective of the complexity.
27 Jan 2021
Rayne
Hiring an expert online is possible today without any hassle online. This is where you can hire experts without spending much fortune.
27 Jan 2021
Blaire
Thanks for helping me out whenever I needed any help. I got to know about their service from my friend and since then there is no turning back.
27 Jan 2021
Giana
Their cooperative and helpful nature has crafted a well-organized in-house system. Thoroughly impressed with their spontaneity and service!
27 Jan 2021
Milania
My assignment was completed in the shortest possible time and was exceptionally well framed. Completely satisfied with the service provided!
27 Jan 2021
Paloma