Nordstrom Inc. is an American upmarket fashion dealer whose headquarter is located in Seattle. The company provides their employees with prodigious benefits and recompenses. Examples of workforce benefits in Nordstrom include medical insurance, workers’ purchase plan and discount, 401(k) plan, and work/life balance. Eligible employees in Nordstrom Inc. have the privilege to purchase the company’s stock at a 10% discount of the actual market price. Besides, all new employees in the organization are eligible to receive 20% discount at the stores of the company, Rack stocks among others. In addition, the workforce participants are entitled to obtain the corporation’s equivalent donations to their 401(k) after a period of one year working with the company. If the an employee happens to be with Nordstrom for a period exceeding one year, he or she is eligible to acquire $5000 per year of non-profit contributions. Additionally, Nordstrom ensures that their employees relish a great work/life balance. For instance, there are flexible work schedules and unpaid sabbaticals. Another employee benefit in Nordstrom Inc. is the healthiness insurance covers and the onsite benefits. Such healthcare benefits include drugs subsidy and onsite medical services (Nordstrom 1).
However, such employees’ benefits in Nordstrom can be improved substantially to enable the organization completely meet its job satisfaction goals. The corporation can offer a wider variety of plans to satisfy different employees who might have varying preferences and perceptions. The majority of the benefits programs provided to the employees are exceedingly limited disenabling them to access a comprehensive assortment to make their savings decisions. In addition, Nordstrom can diversify its health insurance plans and incorporate employees’ education on health related topics, provide them with reading materials and offer seminars intended to train them on routine safety measures. This strategy will not only lower the expenses associated but also enable the workers to make positive changes since they know what to change (Nordstrom 1).
Work cited
Nordstrom Inc. Nordstrom Rewards Benefits. 2016. Web.
