StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Should business take care of its superannuated employees - Essay Example

Cite this document
Summary
Superannuated employee considers the fund as the prominent source of income for the future once they attain the retirement age. Any mismanagement of the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
Should business take care of its superannuated employees
Read Text Preview

Extract of sample "Should business take care of its superannuated employees"

Download file to see previous pages

It is the obligation of the business management board to take care of the superannuated employees through adhering to the set restrictions. The essay below outlines the reasons why businesses should take care of the superannuated employees with a focus on the benefit to both the employee and business. Most employers and business management structures value their superannuation programs according to the assumed manner in which they are valued by the employees. The viability of the scheme should be ascertained formally through comprehensive research.

This implies that most of these benefit programs do not satisfy the employee needs. Paying close attention to the improvement of the superannuated benefits will ensure that the benefits are aligned with what employees want and value. Catering for the welfare of the superannuated employees acts as an assurance to other employees that their future benefits are flexible enough to be useful even when outside the work environment (Billing et al, 2010). Superannuation plays a crucial role in the improvement of the retirement benefits.

The change in superannuation programs has enabled employees to apply their superannuation benefits in paying off their mortgage and investing in shares. Focus on superannuated employees ensures that improvement of their welfare is maintained through the use resources from the fund. Superannuation is popular among the work force due to the compound interest accrued after a long working life. The business has an obligation of ensuring that the long-term accumulated benefits are paid during retirement.

Taking care of superannuated employee ensures that their patience and willingness to get involved in the high-risk investment is rewarded. Employees should be guarded against losses in the case of business failure. Superannuated employees are the most vulnerable to losses in the event

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Should business take care of its superannuated employees Essay”, n.d.)
Should business take care of its superannuated employees Essay. Retrieved from https://studentshare.org/miscellaneous/1607714-should-business-take-care-of-its-superannuated-employees
(Should Business Take Care of Its Superannuated Employees Essay)
Should Business Take Care of Its Superannuated Employees Essay. https://studentshare.org/miscellaneous/1607714-should-business-take-care-of-its-superannuated-employees.
“Should Business Take Care of Its Superannuated Employees Essay”, n.d. https://studentshare.org/miscellaneous/1607714-should-business-take-care-of-its-superannuated-employees.
  • Cited: 0 times

CHECK THESE SAMPLES OF Should business take care of its superannuated employees

Employers Duty of Care

In this regard, it is within the responsibility of Herman, as employer, to ensure that the workplace is safe and that employees, including Jake, are accorded with the appropriate medical attention for injuries sustained within the work setting and in complying with his identified responsibilities.... In this regard, it is within the responsibility of Herman, as employer, to ensure that the workplace is safe and that employees, including Jake, are accorded with the appropriate medical attention for injuries sustained within the work setting and in complying with his identified responsibilities....
4 Pages (1000 words) Essay

Employer Liability to Unlawful Acts of Employees

Name: Professor: Course: Date: Employer Liability to Unlawful Acts of employees Introduction United States employment law is a collection of federal and state laws.... State and Federal laws ensure that employees join workers unions and have rights of collective bargaining.... However, from 1941, a series of laws were made which prohibited employers from firing employees for no reason.... In 1993, the Medical and Family Leave Act and many other laws that protected employees were formed (Mackey & Daniel, 1986)....
3 Pages (750 words) Essay

Herman Melvilles short novels

Aside from its unfriendly arrival and lack of courtesy, it shows no identification.... o Captain Delano's surprise, the stranger, viewed through the glass, showed no colours; though to do so upon entering a haven, however uninhabited in its shores, where but a single other ship might be lying, was the custom among peaceful seamen of all nations (chap.... should men go out to work to earn money or do any thing just to earn money?...
29 Pages (7250 words) Book Report/Review

Case Study on Employee Relations

hellip; He has employees who range from senior managers, engineers to the general workforce who assist in the running of the company (Pettinger, 1999:3). ... ost employees feel that the top down approach to management together with dictatorial styles of leadership has led to employees feeling like they are not part of the company.... Having employed over 100 employees and with a possibility of future expansion, the business owner has decided that he would want to engage his employees more in the running of the company using the employee relations techniques....
12 Pages (3000 words) Case Study

Employers Liability for its Employees: Sex Abuse

One of the employees in the facility sexually abused a child.... he legal provisions applicable to this case in determination of whether the employer is liable are The case involved an employer who operated a care facility for mentally disabled children.... Bennett in which a Parish priest (Bennet) of the Roman Catholic Diocese in Newfoundland, Canada abused several young boys who were under his care for thirty years while serving as a parish priest....
6 Pages (1500 words) Case Study

ALL-DAY BREAKFAST/BRUNCH RESTAURANT

As a policy, the employees of the restaurant will undergo training in their respective domains from time to time.... The restaurant will buy its raw material from local farmers.... Another distinguishing feature of Happy Breakfast will be its extended working hours.... Due care will be taken while hiring the staff for the restaurant.... The take-out/pick-up option for customers will be available with immediate effect....
4 Pages (1000 words) Essay

Multinational Oil Companies and the Human Rights Dilemmas

This paper focuses on MNC managers and explains how they control employment for millions of people around the world and are in a position to influence directly the enjoyment of the labor rights and economic rights of their own employees.... However, President Olusegun Obasanjo, Nigeria's leader since 1999, has introduced reforms to privatize the government-owned and -subsidized oil operations, or parastatals, partly in an attempt to attract more capital investment and foreign business partners....
26 Pages (6500 words) Term Paper

Company Law as Corporate Control

The characteristics of companies are in terms of their possession of a legal entity or personality, segregated from its directors, members or employees scope of financing, limited liability concept, management, profit sharing, taxation laws, public or private participation in its share structuring, a method of termination of their functioning, or liquidation.... nbsp;… It could be seen in terms of the fact that every corporation needs a legal regime to control and monitor its affairs and infuse focus and direction to a corporate's tryst with goals and objectives....
20 Pages (5000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us