Employer-Employee Relations

Employer-Employee Relations Paper

Stefanie Helton, Tara Wise, Sarah Carter, Makissa Abner

MGT/434

April 13, 2015

Clint Heiner

Employer-Employee Relations Paper

Introduction

Regular Employees versus Temporary/Independent Contractors

Owners of Banks often hire employees to perform day-to-day tasks such as organizing files, accounting and just day to day production. Hiring permanent full-time employees is a large commitment, which prompts some banks to hire temporary workers to fulfill specific roles until those roles are no longer necessary. Hiring temporary workers can be advantageous due to the differences in pay and benefits between permanent and temporary employees.

Permanent Full Time employees receive job benefits directly from the Banks chosen medical providers within their network. Benefits packages vary from one employee to another, but they often include paid time off, health insurance coverage, dental insurance and retirement packages such as 401(k) plans. Other common types of benefits include health club memberships, access to company vehicles, educational assistance and meal plans. Providing such benefits to employees is costly, but top candidates may expect to receive a competitive benefits package.

Temporary workers fall into two general categories: workers hired through staffing agencies and workers hired directly by employers. Staffing agencies are businesses that help temporary workers connect with companies that need temporary labor. When a worker finds a job through a staffing agency, the company he works for pays the agency a certain contracted rate, then the agency pays the employee his wages. Workers who obtain jobs through staffing agencies don't receive benefits from the companies at which they're working because their staffing agencies technically employ them. Staffing agencies may provide certain benefits to temporary workers, but the benefits provided are usually minimal.

“Temporary employees work for a specific length of...