Should business take care of its superannuated employees Essay

Should business film care of its superannuated employees - Essay ExampleIt is the obligation of the business oversight 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 care structures value their superannuation programs according to the assumed manner in which they are valued by the employees. The viability of the device should be ascertained formally through comprehensive research. This implies that most of these benefit programs do not suffer the employee needs. Paying close attention to the improvement of the superannuated benefits will ensure that the benefits are aligned with what employees hope and value. Catering for the welfare of the superannuated employees acts as an assurance to other employees that their future benefits are flexible nic e to be useful even when outside the work environment (Billing et al, 2010). Superannuation plays a crucial character reference in the improvement of the retirement benefits. The change in superannuation programs has enabled employees to apply their superannuation benefits in stipendiary off their mortgage and investing in shares. Focus on superannuated employees ensures that improvement of their welfare is hold through the use resources from the fund. Superannuation is popular among the work force due to the compound interest accumulated after a long working life. The business has an obligation of ensuring that the long-term accumulated benefits are paying(a) during retirement. Taking care of superannuated employee ensures that their patience and willingness to get involved in the high-risk investment is rewarded. Employees should be guarded against losings in the case of business failure.Superannuated employees are the most vulnerable to losses in the event