Compensation and Benefit in Zara: Packages for Employee Retention

Running head: COMPENSATION AND BENEFIT
COMPENSATION AND BENEFIT
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Author Note

1COMPENSATION AND BENEFIT
Section 1: Narrative
The genre of the Organization
Zara is one of the biggest fashion companies in the world and the company has largest
distribution channel also and unique business model and design and production is the trademark
of the company. This is a Spanish retail company that was founded in 1975 and now become the
world largest apparel retailer and all the big brand products are under the same belt (Zara.com,
2018). The business is expanding in different countries and stretches the business horizon. As
one of the prime companies in the retail industry, employee retention and involvement is the key
matter that needs to be implemented in the company for the development of business and make
them in the good position in the competitive business scenario.
Employee compensation and benefit packages
Some of the benefit packages employees want from the company and company have to
implement this for the retention of employees. This effective benefit helps employees to curtail
the high-risk cover and also assist the financial burden to sort it out. Employees have a different
kind of pressure and they have they have to ensure the situation they are in and want a security at
their job. Some of the important packages the need to implement in the retail organization is:
 The basic need of an employee is the workplace safety and security and the situation
employees will work in need to be safe so the employees can concentrate in the
workplace.
 Government bares approximately 70% of the healthcare expenses where employees are in
the workplace and the emergency treatment of fast aid sections need to be in office in
different departments (Reilly, O’Hagan & Dalton, 2016).