IGCSE, A Level Business Student Forum

Q17 Analyse the advantages of fringe benefits to a business, offered by a school/college. [6]

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Possible Structure
[KN]
[AN]
[AN+]

[KN]
[AN]
[AN+]

[KN] Enhanced Employee Motivation and Satisfaction
[AN] Encouraging staff morale and work satisfaction can be achieved by providing fringe benefits like health insurance, retirement plans, or tuition assistance.
[AN+] Employee motivation and commitment are higher when they feel appreciated and supported, which can enhance output and performance as a whole.

[KN] Attraction and Retention of Talent
[AN] High-quality employees can be drawn to and retained by schools and colleges by offering alluring fringe benefits.
[AN+] Offering competitive benefits packages helps them stand out from the competition and increases the likelihood that bright people will select and remain at the company.

[KN] Competitive Advantage
[AN] Schools and colleges can gain a competitive gain in the education sector by offering generous fringe benefits.
[AN+] This can set them apart from other institutions and make them more enticing to both staff and students.

[KN] Better Productivity
[AN] Healthy and satisfied employees are more likely to be productive and perform well in their roles.
[AN+] Providing benefits like fitness programs can contribute to a healthier and active workforce.

[kn] health and well being
[AN]health realted benfits such as medical insurance and wellness program contributr to the overall well being of employees
[AN+] THUS HEALTHY AND SATISFIED EMPLOYEES ARE likely to take less sick leaves reducing disruption to the school operations

[KN]ATTRACTING TALET
[AN] competitive fringe benefoits make the school more attractive to potential employees
[AN+] a comprehensive benefit package can set the school apart from other employees in the education sector ,helping it attract top notch talent

[KN] Greater staff satisfaction.
[AN] Fringe benefits like healthcare act as safety of the teachers staff etc which makes them feel more secured hence decreasing the total turnover rate.
[AN+] Thus this results in positive working environment with a boost to the growth of school/college brand image.

[KN] Increased productivity.
[AN] Staff who feel that their well being is taken care of are likely to be more focused and motivated to work.
[AN+] Thus increases the workforce morale, and so motivated employees maintains customer satisfaction , hence adding more efforts in their teaching style.

[kn] improved staff satisfaction
[an] health related benefits such as medical insurance make employees feel as if they are being taken care of
[an+] decreasing total turnover rate which results in improved brand image
[kn] better productivity
[an] if the staff feels that their health is taken care of, they are motivated towards focus and efficiency
[an+] leading to increase in workforce morale

[KN]helps employee reqruitement and retention
[AN]It promotes a positive employer brand, making the institution more appealing to potential candidates which improves brand image
[AN+]leading to stability in the learning environment, enabling continuity and consistency in teaching methodologies

[KN]employee motivation and performance
[AN]motivated employees tend to be more engaged and committed to their roles, which can result in higher productivity, innovative teaching methods
[AN+]Teachers who feel valued and supported are more likely to go the extra mile to ensure students' success, contributing to overall academic excellence.