Benefits And Benefits Of Employee Benefits - 1957 Words

Employee benefits are an important component of compensation for many US employees. Approximately 30% of worker compensation comes in the form of fringe benefits, and benefits have been linked to increased productivity and worker satisfaction, and reduced absenteeism (Artz, 2010). While health and life insurance are common benefits provided to employees, firms also offer EAP programs, child care, flexible work hours, work-at-home programs, long-term disability insurance, and health and wellness programs including well-baby programs, gym memberships, stress reduction programs, on-site flu vaccines, and weight management programs. Relatively little is known about how corporations make decisions about the benefits they offer their†¦show more content†¦Organizational climates which promote risk taking have been theorized to impact corporate innovation independently (Caruana, Ewing, Ramaseshan, 2002) or in combination with other organizational and environmental factors (Nystrom, Ramamurthy, Wilson, 2002). As an independent predictor, risk taking is viewed as a necessary prerequisite for adopting new ideas whose outcomes cannot be guaranteed (Albrecht Hall, 1991). A meta-analysis of 24 organizational studies demonstrated that organizational support for risk taking demonstrated a 0.78 effect size on innovation (Hunter, Bedell, Mumford, 2007). Pro-innovation attitudes by managers predict innovation adoption in both the public and private sector (Moon and Bretschneider 2002; Thong and Yap 1995). As a mediator, organizational support for risk taking may explain the relationship of organizational fina ncial health (Kearney, Feldman, Scavo, 2000; Walker Boyne, 2006) and size (Damanpur 2010; Walker 2008). To complement our previous research which identified organizational risk-taking as a significant predictor of innovative health benefit decision-making (Rost, 2014), the research team conducted an exploratory analysis of factors associated with organizational risk-taking in human resource departments to inform future research on employee benefit decision-making. Methodology Data The data were