Employee Benefits and Productivity, Two Sides of a Coin: A Conceptual Overview

Abstract

Businesses must adapt in order to stay ahead of the competition, and this includes their expectations for employee success. An employee is a crucial component of a company, and their total performance determines whether the company succeeds or fails. Study's main goal was to assess how organisational benefits affect employees' job performance, compare that influence to the transformation framework put forth by some benefit management and determine whether organisational benefits have any impact on employees' job performance. The evaluation's findings shown how performance of the employees can be obtained in a better way with organisational benefits. There are a few factors that make it crucial for a company to always implement a good benefits system. Employees are crucial to the success of an organization and the company must take the participation of the employees into account. The findings of the study say that economic employee benefit programmes have a detrimental impact on employee morale, which is a necessary condition for increasing employee productivity. An effective employee benefit programme boosts employee morale, which is a favourable indicator of productivity. When employees are rewarded for a task well done, productivity can be increased.