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Human Resources Benefits Short Questions 3

Coursework Instructions:

Respond to each of the following Human Resource benefits questions with 130-150 words each.
1. Even after Enron several years back, and the collapse of major companies, and the happenings on Wall Street not really that long ago, do you see stock options as a vital resource for developing benefits packages? Yes or No? Why? Be specific.
2. Are employees more likely to favor defined contribution plans over defined benefit plans? How about employers? Be specific.
3. What are some of the key factors HR professionals should take into account when reviewing possible retirement plans? Be specific.
4. As you may be aware, states and local governments across the country are focused on pension reform. What are your professional views? Do you think states and local government pension plans need to be revamped? Why? Why not? Be specific.

Coursework Sample Content Preview:

Human Resources Benefits
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Q1. Stock options as a vital resource for developing benefits packages
The Enron bankruptcy was one of the most astonishing and frightening experience that the investing world ever witnessed. Never before had an organization holding such as high regard, cherished and admired across the world collapsed. This event significantly shook the trust and faith of individual investors about Wall Street as well as the integrity of mankind. Enron was regarded as the most innovative company and everything seemed well for the investors. However, behind the scenes, the company’s top executives were cooking the books and hiding the company’s losses to avoid suspicion.
Stock options are essential resources for developing benefits packages. Through this approach, the company gives its employees the right to buy a specified number of shares in the company at an agreed upon price. Additionally, the stock option aids in attracting and keeping talented workers in an organization. Furthermore, this is a proper way to motivate the employees, reward good performance and generate their loyalty. Ordinarily, the stock option constitutes ownership interest in the company and employees tend to become more dedicated as they are more invested in the company and its results.
Q2. Defined contribution plans and defined benefit plans
A defined contribution plan is a retirement plan in which the employee and the employer make contributions which are intended at funding the employee’s retirement. In this case, the benefits of employees are based on how much he or she contributes. On the other side, a defined benefit plan is an employer-sponsored plan which guarantees the employees a certain amount of money during retirement. Employees are more likely to prefer a defined benefit plan. This is because this plan provides a degree of security for employee retirement and they are usually not affected by market risks. It is also important to note that the benefit plans are not subject to an employee’s ability to save and this type of plan also ...
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