Employee Benefits and its Effect on Productivity at Semcon India Private Limited, Bangalore#

“The most comprehensive definition of the employee benefits was surprised by the International
Accounting Standard (IAS 19), which indicates that the employee benefits are all forms of consideration
given by an entity in exchange for service rendered by employees. Also, IAS 19 identifies and classifies
these benefits into five categories namely: short- term employee benefits, post- employment benefits,
and other long- term benefits, benefits for the employment, termination and contract. There are points
mentioned in the clause about compensation in the form of the equity participations (Mirea, Naftanaila,
2012). "

The article above identifies and classifies what are the employee benefits which also relates to our topic
about employee benefits that will affect the employee's productivity.

DO EMPLOYEE BENEFITS REALLY OFFER NO ADVANTAGE ON FIRM PRODUCTIVITY?

AN EXAMINATION OF TAIWAN'S SHIPPING INDUSTRY

"A lot of studies suggest that employee benefits are a useful tool in attracting and retaining employees
with critical skills (e.g. Beam and McFadden, 1988; Evers, 1998; Federico and Goldsmith, 1998; Steere,
2000; Laabs, 2000; Kurlander and Barton, 2003). Skilled employees have been viewed as a strategic
input for a firm to strengthen core competency (Prahalad and Hamel, 1990; Barney, 1991). Hence, firms
can use employee benefits to increase employee productivity, and, in turn, achieve competitive
advantage."

This article relates to our proposed topic of employee benefits and their effects on employee
productivity because it discusses the importance of employee benefits not only as a tool for attracting
skilled employees, but also as a tool for increasing employee productivity in achieving a company's
competitive advantage.