I need a discussion response to my peers post for my perform

I need a discussion response to my peers post for my performance management

If I were the CEO of a small company and was unsure of what benefits to offer, I would definitely generate a questionnaire that would include many benefit options that the employee can rate as important or least important. This would help tremendously as a company’s goal should be to reduce employee turnover and it shows that the employer cares about its’ employees and their opinion, hence will create a positive work environment. Also, according to our textbook, A third empirical method of identifying individual employee preferences is commonly known as a flexible benefit plan (also called a cafeteria-style plan or a supermarket plan). As previously noted employees are allotted a fixed amount of money and permitted to spend that amount in the purchase of benefit options.

Reference

Milkovich, G., Newman, J. (2016). Compensation (12th ed). New York, NY: McGraw Hill.

Solution

Answer: Yes it is important to take feedback from the employees in order to understand their requirements and develop strategies to keep them motivated at work. Motivated employees are more productive. There are several ways of taking the feedback from the employees and questionnaire and the flexible benefit plans can help in understanding the benefits they expect from the company. There are many other methods like a direct feedback from the employees and so on which can be employed for understanding their requirements. The organizations in order to perform need to treat employees as internal customers and keep them happy. Happy employees are motivated employees and have greater loyalty and efficiency as compared to the employees who are not happy with the benefits which the company offers to them.