The Benefits of Benefits
by John T. Prendergast, Assoc. Editor;Serial Information: Civil Engineering—ASCE, 1990, Vol. 60, Issue 11, Pg. 72-74
Document Type: Feature article
Abstract:
The article describes the effects of high turnover on a firm's performance and the potential for helping control it through the benefits offered employees. Historically, benefits in the engineering field have fallen short of other industries. But while this is still the case in many firms, others have moved from providing minimal benefits to offering packages incorporating stock ownership, dependent care accounts, supplements to medical insurance and pension plans and other special features. While giving people the opportunity to work on interesting projects with congenial colleagues is still the surest way to attract and retain the best engineers, in light of the predicted future shortage of professionals, a progressive benefits policy can set a firm apart. Firms that help people balance the demands of family and work�providing for child care, allowing flexible hours and beefing up career development procedures�will come out ahead.
Subject Headings: Project management | Professional development | Insurance | Industries | Engineering history | Employees | Employee compensation and benefits
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