Topic > Essay on Compensation and Benefits System - 962

The organization is able to manage high risk coverage at relatively low costs due to the availability of highly qualified personnel in the company's employee team. This benefit also brings another benefit of easing the financial burden of the organization (Johnson, 2016). Furthermore, an effective employee benefits system offered by the organization could improve overall productivity. This benefit is attributed to the fact that employees tend to be more effective when they are given the assurance of job security. Furthermore, workers become more productive when they and their families are given the security desired by their employer. The other benefit to the organization if it employs an effective compensation and benefits system involves the benefits derived from rewards (Wayne, Shore, M., Bommer, & Tetrick, 2002). These premiums are typically tax deductible as business expenses. Therefore, a company that has an effective compensation and benefits system will likely save extra money for others