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Complete 1 page APA formatted essay: Merger between Huge Co. and Computers Co.Download file to see previous pages... Both sides worry about the merging of benefits, both afraid that their benefits the
Complete 1 page APA formatted essay: Merger between Huge Co. and Computers Co.Download file to see previous pages...
Both sides worry about the merging of benefits, both afraid that their benefits they've gotten accustomed to will be replaced by the other's benefit program.
Both programs have advantages and disadvantages. Huge Co. offers a program that aims for the long term needs of its employees. Their program ensures the employees' financial stability after retirement. Their program also takes care of the employees' health, as well as the company's budget. The only possible down side to Huge Co.'s benefits program is the management's lack of feedback on their employees' satisfaction with the said program. Computers Co.'s benefits program is very flexible but it is flexible to the point that it allows its employees to only think of their short term needs. Their program is high on the satisfaction of their employees but also high on the company's budget. Taking all good and bad things into account, a possible compromise may be reached.
Since both companies individually have good and bad sides to their benefits programs, the best program can be made out of the good parts in both of them. The two companies operate with a "cafeteria plan," as they call it, which is good for the employees so that they can fit the benefits to what they truly need. This is even more applicable considering the age differences in the employees, which translates to the differences in their priorities in life.