Employee Benefits in Woolworths Group

Advanced Corporate Accounting

INTRODUCTION
 Advanced corporate accounting is branch which is implied general accounting
principle which helps company in managing stability in business functions.
 Employee benefits is part of advanced corporate accounting and therefore the
presentation will outline benefits of providing advantages to workers of
Woolworths group.

Employee Benefits And Various Forms In
Which These Benefits Are Applicable In
Woolworth Group
 Employees benefits are crucial part of business where the focus of management is on
providing advantages in kind which comprise compensation, medical aid, pension,
transportation services, gratuity, sick leaves, life insurance, etc.
 Corporate social responsibility enables strict structure to business for setting employee
benefits with the help of which the management is able to segregate welfare plans
comprise short and long term benefits and post-employment plans

Cont..
 The welfare plans help the workers in developing trust over organisational changes and
functions.
 It is management by firm for employee retention and building long term relationship
with staff.
 This assist firm in gaining employees loyalty and increasing their working experience
with organisation. Woolworths is focused on welfare of its workforce which is denoted
by its current and non-current provision.