BUS FPX 4043 Assessment 7 Top Ratings for Compensation and Benefits

Student Name

Capella University

BUS-FPX4043 Compensation and Benefits Management

Prof. Name

Date

Top Ratings for Compensation and Benefits: Top 10 Employers

Company Compensation Benefits

1. Costco Wholesale Health and dental care, parental leave, stock options, and higher than average pay
2. Kaiser Permanente Excellent work environment, pay is well above the national average
3. Verizon Great opportunities for advancement, employee relief for those affected by natural disasters
4. FedEx Express Great vacation time, medical, dental, and vision care, offers for part-time workers
5. Apple Employee discounts on Apple products, onsite gym and doctor’s office, education reimbursement
6. Capital One Offering of adoption and surrogacy reimbursements, flexible scheduling
7. HEB Great insurance benefits and plans
8. ALDI Generous HRA funding, healthcare incentives, 100% match for annual contributions for 401K, generous vacation time
9. Starbucks Lead the way in education benefits due to the Starbucks College Achievement Plan
10. General Motors (GM) Medical, dental, and vision insurance, 12 weeks paid Parental Leave, employee discounts on new GM vehicles

BUS FPX 4043 Assessment 7 Top Ratings for Compensation and Benefits

The above chart displays the top ten employers based on their compensation and benefits packages (Indeed, 2018).

The organizations listed above provide highly competitive benefits packages, fostering employee loyalty and reducing turnover rates. Competitive compensation and benefits are crucial for attracting, motivating, and retaining talent.

Characteristics of Top Employers for Compensation and Benefits

Employers crafting compensation and benefits packages should prioritize understanding the needs of their employees, demonstrating commitment to work-life balance. Offering excellent health insurance and retirement plans is paramount, as medical coverage ranks among the top priorities for job seekers (Gerhart & Newman, 2020). Employers may also consider additional benefits, such as programs addressing work-life balance, especially in the wake of global crises like the COVID-19 pandemic.

Recommendation for Elite Rehab

For Elite Rehab’s competitive compensation and benefits package, it’s essential to prioritize employee well-being by addressing their needs comprehensively. While a competitive salary is crucial, a robust benefits package, including health insurance, retirement plans, and life insurance, enhances financial security and ensures access to essential healthcare (Giddens, 2011).

References

Indeed Editorial Team. (2018, February 27). Top Rated Workplace: Compensation and Benefits. https://www.indeed.com/lead/best-places-compensation-benefits?gclid

Giddens, T. (2011). 5 tips for clearly communicating employee benefits. The American City & County, 126(10).

Gerhart, B., & Newman, J. M. (2020). Compensation (13th ed.). McGraw-Hill. Available in the courseroom via the VitalSource Bookshelf link.

BUS FPX 4043 Assessment 7 Top Ratings for Compensation and Benefits