Compensation and Benefits

Paper Summary:

This paper discusses an article by Gary Roberts that is related to benefits and compensation called "An Examination of Employee Benefits Cost Control Strategies in New Jersey Local Governments". The paper explores how New Jersey local governments are reducing benefit costs to their organizations largely through structural displacement strategies that reduce the number of overall employees as well as the number of overall full-time employees.

From the Paper:

"With the spread of globalization and increasing cost competitive strategies of companies in all industries, controlling the costs associated with operations is a concern for every organization from public to private, profit to non-profit. Usually, the very first method that organizations seek to control costs is with the largest expense associated with staying in business: employee related costs. These include performance, productivity, compensation, and benefit related expenses. In a recent article examining the cost controlling strategies of governmental bodies in New Jersey, Roberts takes a candid look at the nature of these cost control methods as they relate to compensation and benefits visa-vis the employees (2001). Roberts begins by framing the importance of this issue in understanding how these cost structures have expanded over time to become such a large drain on an organization's resources: "The percentage of compensation expenditures devoted to benefits grew from three percent in 1929 to ..."

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