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What is the treatment of employee benefit scheme pleas give answer only if you know the treatment under IAS19 Employee benefits?

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Question added by Muhammad Arslan , Assistant Manager Accounts , Crystalline Accountancey
Date Posted: 2014/05/15
Menerva Melad
by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

Running a business can be a very difficult job and one of your biggest concerns will be in how your employees feel towards your business. If they are happy in their jobs you can rest assured that they will work hard and produce good results, but even the slightest amount of discontent could cause them to become restless and want to leave. This could be very inconvenient for your business, as it could mean that you lose some of your best employees.

 

This is the last thing you want and while the real key to keeping your employees happy is ensuring they are in the right kind of position and that they are being paid enough, employee benefits can also help.

Benefits do exactly what it says on the tin - they are benefits that you can provide your employees with in order to encourage them to stay within your business. If your employee benefits package is appealing enough they are likely to look at other jobs and decide it works better for them to stay with your business, although your benefits can also help to stop employees from even considering a job move

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