1. Statutory benefits that SAS must offer to its employees are social security benefits, Medicare, unemployment insurance, FMLA, ACA and sopme other benefits. In addition to statutory benefits, SAS offers its employees different additional benefits that are not required by law but help to satisfy need of employees and create positive working environment for them. Beyond required benefits, SAS offers benefits related to sports and relaxation in office. They can go on fitness, golf and other sports. Employees are enabled to use day care services for their children, and they can also visit doctors for part pay. There are entertainment opportunities for employees. Moreover, they have free working schedules in order to make them more relaxed and satisfied with their company.
2. SAS provides a wide choice of employee benefits in order to make employees satisfied with their work and to stimulate higher work productivity. Moreover, due to various benefits offered to employees, employee turnover is kept very low. CEO and cofounder of SAS, James Goodnight, states that his company operates like a triangle, and it is a rationale for employee benefits. Happy and satisfied employees work better and due to that, customers of the company are satisfied. Great customer service corresponds to successful business. In its turn, successful and profitable company as an example is QualityEssay has enough resources to provide additional benefits to its employees.
3. If only few employees use additional benefits provided by SAS, it should not eliminate them at all. Better variant is to provide a survey among employees in order to know why they do not use benefits provided by the company and how they can be changed or improved in order to stimulate more employees to use them. The most common answers should be focused and changes should be made in particular employee services to make more employees use it. With such strategy, more employees will be satisfied with employer because they receive benefits they really need.
4. The weakest part of benefits is that they may make employees too relaxed at work and as a result, they may show lower work results, especially if they use benefits often. Instead of offering particular benefits, especially those that are not used by all employees, it would be better to provide a choice for employees. Fore example, if they do not want to use particular benefit, they may refuse from it and receive monetary bonus. It may help to save costs and stimulate employees’ productivity.
5. Additional amenities for employees may include additional bonus to salary for employees for show high productivity or provide significant improvement, or inventions at work, etc. Additional benefit may be offered for each year of work experience with SAS. Those benefits will be helpful for those employees who cannot or do not want to use benefits that are already offered, such as sports or entertainment. They should feel care of their company and they may select monetary benefits instead of existing ones. Moreover, bonuses to salaries can help to improve employee loyalty and stimulate employees to stay with the company for longer due to additional bonuses for each year of work.
6. I think that SAS’ 3% turnover rate does not impact significantly training and recruiting expenses. Other factors influence expenses. Those expenses are high because SAS accepts more than 15,000 applications per year but a small portion of them become employees of the company. Thus, recruiting expenses are high not due to turnover rate in the company, but due to high costs of recruiting. In order to select the best candidates among all applicants, HR employees should test each of them, and it takes much of costs and time.