Due Date: November 21, 2017 Marks: 10
An engineering firm offered unique benefit to its employees because employees could not attend the urgent meeting due to illness of the child. They know that baby-sitter will be of little help. If they had a child who was ill, too ill for regular day care, then that child would be cared for by an independent day-care center called Feeling Better- Child-Care professionals in the area specializing in the caring of sick children. And organization would pay 100% of the costs. During its first full year as a benefit, feeling better services were used more than twenty-one times, a cost to the company of nearly $2,500.
In deciding to offer this benefit to its employees, the firm viewed it as a classic benefit/cost analysis. Under a typical situation, parents would generally miss work, either taking a personal day, or in other cases, just calling in sick themselves. Company records in contrast that each day an engineer i working, he or she bills clients an average of $817. In contrast, feeling better’s services are about $115 a child per day. Accordingly, offering this benefit netted the company more than $700.
Organization continues to look for ways to help its employees deal with this issue. Although using Feeling Better- Child-Care has been successful overall, some parents are still apprehensive about leaving their ill child in a strange place. Consequently, organization is now exploring other options, including having care-givers come to the employee’s home for the days.
Question:
Do you think the firm’s decision to hire the Feeling Better- Child-Care would be fruitful in future too? Discuss with reasons.
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