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e || Learning Center Code || Course || Semester || Subject || SET No. || DSouza Pritam Henry 571017160 Halo Technologies, Thane, Mumbai 1976 Master of Business Administration - HR Fourth Semester Compensation Benefits 2 23rd March 2012
Directorate of Distance Learning, Sikkim Manipal University, II Floor, Syndicate Building, Manipal 576 104
Signature of the LC
Signature of Evaluator
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Teleworking: Employees work from home on all the days of the week via telecommunications. This flexi-time arrangement has a lot of benefits for both the employers and the employees. The benefits for the employees are: Provides an opportunity for workers who are disabled. Working parents can meet their family obligations. Saves commuting time. Provides time and location flexibility. Reduces job related stress and also interruptions at the workplace. The benefits for the employers are: Influences employees in a positive way. Improves productivity. Reduces absenteeism. Improves employee job satisfaction, job performance and work quality. Reduces costs related to environmental requirements, time, space, employee safety, relocation of the employees, and productivity. Helps in retention of voluntary workforce, women and baby boomers. Companies can terminate contingent workers services more easily. With respect to compensation and benefits paid to the flexible workforce, most companies pay an hourly wage, which is fixed on the basis of the complexity of work as well as the skill sets of the employee. No amount of paid leave, insurance and legally required benefits like gratuity and retirement benefits are paid.
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