Employees working in a company are always on the lookout for benefits and incentives that can aid them as they progress through their careers. They want to be able to progress so that they can lead a more comfortable life and support their families. Contrary to what people usually believe, companies do want to provide their employees with promotions and another kind of benefits, but there can be several challenges that they might face. For one, smaller businesses find it harder to give their employees the benefits that they are looking forward to, especially if the company is still in its infancy. Bigger companies that have a lot of employees working for them often face difficulties when they are trying to determine which employees should be able to avail of these benefits, and who shouldn’t. Learn more: https://www.crunchbase.com/person/jeremy-goldstein#/entity
Jeremy Goldstein, a prominent corporate lawyer from the state of New York recently came out with an article about what companies can do when they are trying to offer a certain kind of employee benefits. He is the founder of his law firm, which is Jeremy Goldstein and Associates. In the article that he published, he stated that compromise is one of the best ways to be able to offer employees what they want, without going overboard and getting too caught up in how to offer it. In the article, he also shed light on a relevant topic that corporations are usually in two minds over, which is EPS.
It is something that a lot of corporates have started implementing so that they can offer their employees the benefits that they deserve. In this system, employee benefits are determined according to the employee to share ratio. This system has been proven to be effective because it applies a fixed formula to determine how much an employee should ideally get. This system has encouraged more people to invest in companies that are implementing this, which provides better scope for development and profits on both the investor’s end as well as the company’s end.
However, there are a few drawbacks that companies can face while implementing the system. Even though this can determine how much an employee should get, the choice of who should get it is left entirely up to the company itself. This can lead to discrimination, where employers only offer benefits to employees who they favor.