Should business take care of its superannuated employees Essay

Should business take c atomic number 18 of its superannuated employees - Essay ExampleIt is the stipulation of the business management board to take care of the superannuated employees through adhering to the set restrictions. The essay below outlines the reasons why businesses should take care of the superannuated employees with a focus on the benefit to both the employee and business.Most employers and business management structures value their superannuation programs according to the assumed manner in which they are value by the employees. The viability of the scheme should be ascertained formally through comprehensive research. This implies that most of these benefit programs do not satisfy the employee needs. Paying close attending to the melioration of the superannuated benefits will ensure that the benefits are aligned with what employees want and value. Catering for the welfare of the superannuated employees acts as an assurance to other employees that their future benefi ts are flexible enough to be useful even when outside the work environment (Billing et al, 2010). Superannuation plays a crucial role in the improvement of the solitude benefits. The change in superannuation programs has enabled employees to apply their superannuation benefits in paying off their mortgage and investing in shares. Focus on superannuated employees ensures that improvement of their welfare is maintained through the use resources from the fund. Superannuation is popular among the work force due to the compound interest accrued after a huge working life. The business has an obligation of ensuring that the long-term accumulated benefits are paid during retirement. Taking care of superannuated employee ensures that their patience and willingness to get involved in the inquisitive investment is rewarded. Employees should be guarded against losses in the case of business failure.Superannuated employees are the most vulnerable to losses in the event