It is said that employee benefits are taken for granted – that employees don’t really appreciate them. Everyone wants to feel appreciated, at least I would think so. When management decides to take action to help create and uphold a work environment where employees are enthused and excited about the outcomes of their actions that makes for a more prominent company. The success measures of an employee who is happy with the benefits allotted to them by their company should be stellar, considering the upside to the incentives given We know that many companies offer a benefits package as an incentive for employees, a bonus for accepting employment. I want to focus on 401(K) benefits and how they encourage employees and affect their overall work …show more content…
Some employers make matching contributions as well. Earnings on the plan accrue on a tax-deferred basis. Most plans have restrictions on how and when you are able to withdraw these assets and some penalties may apply when doing so before the designated withdraw timeframe. Having this type of plan in itself is a very responsible thing and very beneficial to the employee if he/she wants to be potentially well off when they do decide to retire from working. Employers tend to stick an eligibility requirement with these plans as well. Most times only full-time employees are able to receive this …show more content…
Motivation is defined as the inner force that drives a person to successfully accomplish personal and organizational goals he or she sets for themselves or those around them. Studies show that motivated employees are vital to workplace success and typically needed in the workplace because of the rate of change a workplace can have over time. Motivated employees are essential in the overall success of the business and will assist in keeping a business alive in being more productive. In order for a company to be successful they need to know and understand what motivates employees. Things like wages, job security, interesting work, and good working conditions all ring a bell when I think of what an employee wants from an