Kokomo's Comprehensive Benefit Package

Paper Summary:

The paper discusses the new benefits package that will help to retain Kokomo, Inc.'s existing staff and reduce the current turnover rate. The paper discusses the standard items of the package, as well as some attractive perks to help employees feel that they are valuable members of the team. The paper relates that the benefit package is well-below budget, which allows for worst-case scenarios, as well as future increases in costs. The paper concludes that this benefits package will result in a highly competitive work environment that will attract the international flooost formers that the company desires and will result in long-term health for the Kokomo company.
The paper includes color graphs.

Outline:
Budget
Employee Demographics
Analyzing Benefit Options
Indirect Expense Benefits
Flooost Former Additional Bonuses
Conclusion

From the Paper:

"Employees are the lifeblood of any company. Experienced employees are more valuable because they are past the learning curve and represent the most productive members of the working staff. Retaining experienced employees represents a critical strategic move that can have excellent payoffs in the end. Experienced employees make fewer mistakes and often represent the most efficient workers. Training new employees costs money and it often takes time until they become proficient at their jobs. These are only a few reasons for the necessity to attract quality workers and then take positive measures to keep them for the long haul."

Sample of Sources Used:

• Harris Poll. (2003). Health Care Poll. Harris Polls. October 22, 2003. 2 (9), 1-4. Retrieved May 2, 2008 from http://www.harrisinteractive.com/news/newsletters/wsjhealthnews/WSJOnline_HI_Healt h-CarePoll2003vol2_iss9.pdf
• Pilette, P. (2005). Pressenteeism & Productivity: Two Reasons Employee Assistance Programs Make Good Business Cents. Annals of the American Psychotherapy Association. 8 . Retrieved May 2, 2008 from http://www.questia.com/googleScholar.qst;jsessionid=LdLJR4Pd2bQdVDQhyPnJShHhh 3X3B5pn2HGsDrLpv0KFvfnh1Q8W!600706942?docId=5009404200
• Prudential. (2008). The Road to Retirement. Retrieved May 2, 2008 from http://www.prudential.com/view/page.
• Social Security Administration (SSA) (2008). Questions. Retrieved May 2, 2008 from http://ssa- custhelp.ssa.gov/cgi- bin/ssa.cfg/php/enduser/std_alp.php?p_li=&p_page=1&p_cv=2.66&p_pv=&p_prods=&p _cats=7%2C66&p_hidden_prods=&cat_lvl1=7&cat_lvl2=66&p_search_text=&p_new_s earch=1&p_search_type=answers.search_nl.
• US Department of Labor (20008). What you should know about your retirement plan. Retrieved May 2, 2008 from http://www.dol.gov/ebsa/publications/wyskapr.html

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