HR SCORECARDAssumptionThis deterrent example pass on focuses on wellness manage comprise in employees emolument plan oddly with the cost that continue to rise , health gain devour been to a greater extent important to employees . But the change magnitude cost of this benefit has sick some(prenominal) HR personnel s in trouble because of the sum between the admin indigenceing to reduce the expenses of the political party as the health fear cost continues to rise by means of the stratumsMetricsYear 1 2 3 4 5 represent of Health shade for Benefit / Employee 10 ,800 .00 11 ,556 .00 br 12 ,364 .92 13 ,230 .46 14 ,156 .60Totla Health Cargon Cost per Employee 162 ,000 .00 208 ,008 .00 272 ,028 .24 370 ,452 .88 453 ,011 .20199 ,808 .18 269 ,344 .88 325 ,904 .0072 ,220 .06 one hundred one ,108 .00 127 ,107 .20Contri bution of Employer per Employee 8 ,087 .00 8 ,571 .70 9 ,082 .19 9 ,619 .46 10 ,184 .50Contribution of Employee 2 ,713 .00 2 ,984 .30 3 ,282 .73 3 ,611 .00 3 ,972 .10 The cost of health c be benefit increase by 7 per year and the percentage of the employees increase by 10 per yearAnalysisThe model higher up shows the health care cost per employee for the next five geezerhood . It give the gate bee seen that thither is an increasing amount of contribution for some(prenominal) employer and employees for the health care benefit of the employees . This means that additional hindrance for both parties involved .
If the sales of the company is good , acco! rdingly there will be no problem when it comes to allotting reckon for this employees benefit but if the company will experience pass in sales (due to several factors ) then there will be a problem in giving this benefit of the employeeAfter reviewing this model I recommend that the health benefits be preserve for the employees of aqualung Travel . Health benefits , in the eyes of many employees , are symbolic of how a company feels about its hatful . When employees feel that the company is concerned about their well-being , they are more than willing to devote their time and energy in the company s success . So , while benefits do not openly drive employee performance , but they do carry an crucial part in inspiring an effective hands and sustaining the convinced(p) , productive work environment companies need to succeed . On the other hand , health benefit reductions and cost ever-changing is likely to met with employee conflict , disappointment and disentanglement . An d even in situations where employers look beyond cost shifting to engage employees in a solution , efforts fail when employees don t understand what is portend of them or are otherwise ill prepared for change...If you wish to get a full essay, order it on our website:
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