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International Journal Of Engineering, Business And Management(IJEBM)

The advantages of implementing the employee benefits plan and tis role in reducing the cost of promoting human resources

Halgurd Mohammad Ali

International Journal of Engineering, Business And Management(IJEBM), Vol-4,Issue-4, July - August 2020, Pages 57-64 , 10.22161/ijebm.4.4.1

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The research entitled "Advantages of Implementing Employee Benefits Plan and its Role in decrease the Costs of Human Resource promotion" includes clarifying the benefits and advantages of applying the retirement benefit plan and its role in developing, upgrading, qualifying and utilizing the human resources properly for the establishment and improving its capacity and efficiency effectively, thus demonstrating its impact on reducing production cost. The elimination of waste and wasteful in units.The problem discussed by the study can be presented as follows ((wasteful wastefulness in the possibilities available, and the shortening of human resources in exploiting them)). In order to find solutions and offer treatments to get rid of this problem. The study clarifies and explains the concept and history of the retirement benefit plan and its definition and then the types of the retirement benefits plan and methods of participation The plan of retirement benefits and methods of participation in them as well as factors affecting them, and how to measure the cost of retirement benefits, and investment of retirement benefit funds and disclosed in the financial statements, and then indicate the importance of human resources in the facility and its functions and characteristics, which is characterized by a fundamental and strategic role in the preparation and training of cadres of humanity and training and improve Developing its capabilities and efficiency in the success and achievement of the objectives of the establishment. In order to give clarification on the problem of the study. In order to solve the research problem, the study relies on adopting the following in order to reach the results that represent suggested solutions to the problem at hand, the following basic hypothesis can be formulated: (The adoption and implementation of the retirement benefit plan makes improvement and development ability and efficiency of human resources and reduce costs and eliminate aspects of wastefulness, and waste).The researcher prepared a questionnaire and fact-finding by asking questions and conducting a statistical analysis of the opinions of the members of the research sample. The researcher reached to a number of results displayed in conclusions.

Human resource, retirement benefit, benefit plan, cost retirement, responsibility, Finance sources, disclosure, recruitment and training.

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