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The Bureau of Labor Statistics, [3] like the International Accounting Standards Board, [4] defines employee benefits as forms of indirect expenses. Managers tend to view compensation and benefits in terms of their ability to attract and retain employees, as well as in terms of their ability to motivate them.
The benefits of the training and development of employees include: increased productivity and performance in the workplace [1] uniformity of work processes; skills and team development [1] [34] [35] reduced supervision and wastage; a decrease in safety-related accidents [35] improved organizational structure, designs and morale
On-the-job training is beneficial for both employers and employees. For the employers, it is beneficial because it narrows down and prepares the skilled employees who are right for the company. By the end of the training process, the company's values, strategy, and goals are introduced and resulting in an employee's loyalty to the business.
Employers must document all training. Creating a training matrix will help keep track of who has been trained, when they were trained, the training topic, and when it is time for refresher training. Employees must also sign an official sign-in sheet provided by the employer that can serve as proof that employees received proper training.
Workplace wellness programs benefit employers as well; while the various components of the wellness programs helps to keep employees healthy, employers are able to increase recruitment and retention of workers. [39] Some employers have also utilized penalties to improve employee participation within the company wellness program. [40]
Workplace health surveillance, the collection and analysis of health data on workers, is challenging for AI because labor data are often reported in aggregate, does not provide breakdowns between different types of work, and is focused on economic data such as wages and employment rates rather than skill content of jobs.
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