BUS FPX 4043 Assessment 7 Top Ratings for Compensation and Benefits

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Capella University

BUS-FPX4043 Compensation and Benefits Management

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Date

Top Employers for Compensation and Benefits: Insights and Recommendations

Top 10 Employers in Compensation and Benefits

The following table highlights the top-rated employers based on their compensation and benefits packages. These organizations demonstrate excellence in addressing employee well-being, financial security, and career growth opportunities.

Rank	Company	Compensation and Benefits
1	Costco Wholesale	Health and dental care, parental leave, stock options, and higher-than-average pay
2	Kaiser Permanente	Excellent work environment; pay well above the national average
3	Verizon	Advancement opportunities and employee relief programs for natural disasters
4	FedEx Express	Vacation time, medical, dental, and vision care for part-time and full-time employees
5	Apple	Employee discounts, onsite gym and doctor’s office, and education reimbursement
6	Capital One	Adoption and surrogacy reimbursements, flexible scheduling
7	HEB	Comprehensive insurance benefits and plans
8	ALDI	Generous HRA funding, healthcare incentives, 401K match, and vacation time
9	Starbucks	Education benefits through the Starbucks College Achievement Plan
10	General Motors (GM)	Medical, dental, and vision insurance, parental leave, and employee discounts on vehicles

The above data demonstrates that these organizations prioritize competitive benefits packages, fostering employee satisfaction and loyalty (Indeed, 2018).

Characteristics of Top-Rated Employers

Top-rated employers for compensation and benefits share a commitment to understanding and addressing the needs of their employees. Key characteristics include offering competitive salaries, health insurance, and retirement plans. Research indicates that medical coverage is one of the most significant factors influencing job seekers’ decisions (Gerhart & Newman, 2020).

Additional benefits, such as flexible scheduling, education reimbursement, and wellness programs, are also highly valued. Post-COVID-19, work-life balance initiatives have gained importance, highlighting the need for organizations to adapt to evolving employee expectations.

Recommendations for Elite Rehab

To attract and retain top talent, Elite Rehab should design a compensation and benefits package that prioritizes employee well-being and financial security. Offering a competitive salary paired with robust health insurance, retirement plans, and life insurance will address essential healthcare and financial concerns (Giddens, 2011). Furthermore, providing flexibility, such as remote work options or wellness programs, can enhance employee satisfaction and work-life balance.

References

Indeed Editorial Team. (2018, February 27). Top Rated Workplace: Compensation and Benefits. https://www.indeed.com/lead/best-places-compensation-benefits