Human Resource Management Assignment 2022

Running head: HUMAN RESOURCE MANAGEMENT
Human resource management
Name of student
Name of University
Author note

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HUMAN RESOURCE MANAGEMENT
Table of Contents
1. Research topic: Employee benefit expenses related to the revenue of the Mahindra
Company....................................................................................................................................3
1.1 Research aim....................................................................................................................3
1.2 Research question.............................................................................................................3
1.2.1 Secondary question........................................................................................................3
2. Literature review....................................................................................................................3
2.1 Employee benefit expenses..............................................................................................3
2.2 Employee expense benefits related to higher revenue generation....................................4
3. Research plan or methodology...............................................................................................4
3.1 Variables used..................................................................................................................5
3.2 Methods of data collection...............................................................................................5
3.3 Methods of data analysis..................................................................................................5
3.4 Project timeline.................................................................................................................6
3.5 Data sources evidence......................................................................................................7
4. Conclusion............................................................................................................................13
References................................................................................................................................13

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HUMAN RESOURCE MANAGEMENT
1. Research topic: Employee benefit expenses related to the revenue of the
Mahindra Company
1.1 Research aim
The aim of the research is to analyse how the employee benefit expenses are related to
the revenue generation of the Mahindra Company in Australia.
1.2 Research question
The question based on the aim and objective of the research is:
How can the employee benefit expenses be related to the revenue generation of Mahindra
Company in Australia?
1.2.1 Secondary question
Does the employee benefit expenses and other compensation structure contribute to the
higher level of motivation and enhancement of morale of employees at work?
2. Literature review
2.1 Employee benefit expenses
According to Noe et al. (2017), the employee benefit expenses are associated with the
approaches undertaken by a business organisation to compensate as well as deliver other
benefits beyond the wages structure. This has also fostered higher level of security of
employs and ensured better stability with the involvement of beneficiaries for overcoming
issues such as illness, unemployment and other harms. These kinds of benefits are mainly
offered on the basis of expenses made by the organisation to protect the welfare and income
of the employees and their families, furthermore, improved the standards of living of theirs
(Cascio, 2015). Mello (2014) also stated that the expenses done by the company to provide
employee benefits such as the employee incentives, educational benefits and also for the

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HUMAN RESOURCE MANAGEMENT
purpose of ensuring better lifestyle management, health and transportation benefits too
(Bratton & Gold, 2017). Though few of the benefits are sanctioned by the Government and
regulatory bodies, the others are optional considering the employers’ discretion and according
to the availability of supplementary benefits including the pension coverage and healthy
insurance facilities. With the management of defined benefits programs, there are standard
formulas used by the employers according to the salaries of employees and other things
(Armstrong & Taylor, 2014).
As the term “employee benefit expenses” suggests, the benefits are mainly provided
for the purpose of meeting the needs and preferences of the employees. As stated by Kwon &
Hein (2013), the employers have utilised the optional benefits too as part of the incentives
program for the purpose of promoting the growth, enhancement of morale and to increase the
longevity of workers too, thereby kept them motivated and encouraged to perform to their
potential. The employee benefits expenses also include providing benefits to the employees
in the form of income protection and even protect the employees who lack significant amount
of income (Liapis & Thalassinos, 2013). This kind of protection, according to Sparrow et al.
(2016), has also provided better security to the employees and maintained societal economic
stability all throughout. Not only does the employee expense benefits are associated with the
increase in interest among the workers to perform to their potential within the workplace, but
also has allowed for making them put their extra amount of effort for gaining some added
advantage and create a good place and earn good reputation too while working within the
organisation (Budd, 2017).
Few examples of employee benefits offered on the basis of expenses managed by the
company include health benefits, Government benefits, lifestyle benefits as well as retirement
benefits and savings. The employee benefits that provide disability income replacements are
the Government programs including the workers’ compensation and social security, which