Impact of Employee Assistance and Compensation Expenses on Financial Stability

Project Management
Impact of employee assistance and compensation expenses on financial stability of the
organization

Contents
Introduction................................................................................................................................2
Conceptual Framework..............................................................................................................2
Literature Review.......................................................................................................................4
Methodology..............................................................................................................................4
Gantt chart..................................................................................................................................6
References..................................................................................................................................7
Appendix....................................................................................................................................9

Introduction
Economy of the enterprise depends on the work and efforts of the employees put together to
achieve the mission and objectives of the firm. Quality of service and facilities provided to
the customers is the basic requirement so that long term sustainability can be retrieved within
the expected time. Competitive environment and recognition provided to the employees helps
in improving their capabilities and stability (Ajose, 2017). Turnover of the enterprise can be
accelerated by initializing the employee compensations. In this paper, we are going to deliver
our report on identifying the impact of employee compensation expenses on financial
stability of the organisation. Financial stability of the organization depends on the cumulative
work done of employees which can be improved by providing recognition and compensations
to them. Revolution in the working curriculum of the enterprise depends on the good and
healthy relationship between the workers.
Research Aim
The aim of the research design is to evaluate the consequences of the employee assistance
and compensation program on the financial stability of the enterprise. It helps in finding out
the impact on sustainability with respect to the team efforts in achieving the goal of the
enterprise.
Research Question:
What are the impacts of employee assistance and compensation expenses on financial
stability of the organisation?
Conceptual Framework
Compensation and compensations provided to the employees helps in adding values to the
contribution in achieving goals and objectives of the enterprise. Positive impact on the
working environment can be seen by having active participation of the employees in the
designing of the project plan and providing different compensations to them such as gratuity,
bonus, maternity and Paternity leave, compensation, award and reward for the good work,
and payment for overtime. It helps in motivating them positively and overcoming the
challenges by enhancing their skills and expertise through the arrangement of training and
development program (Hallowell, 2017). Satisfaction of the customers depends on the
contribution of the employees in satisfying the need and requirement of them by giving
privilege to the quality of services and facilities provided to them. Financial growth of the