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Comparison of Fringe Benefits in the Turkey and United Kingdom

Year 2018, , 21 - 40, 31.12.2018
https://doi.org/10.24013/jomelips.468026

Abstract

The purpose of this study is to reveal the similarities, differences,
and factorial structure of fringe benefit applications in banks in Turkey and
the United Kingdom. Data was collected based on the banks’ information
available on the Internet. The present study was designed as a kind of online
survey. The findings indicate British banks exhibited more successful
applications than Turkish banks in the communication of fringe benefits.  When fringe benefit applications are
evaluated through dual comparisons, the insurance fringe benefit applications
of the two countries are compatible on a large scale. Other fringe benefit
applications show significant differences. It is understood that local needs,
customs, and judicial regulations may determine the creation of fringe benefit
application programs in the two countries. This is the first study to compare
the employee fringe benefits applied in banks in the UK and Turkey. In addition, the
study has the potential to serve as a reference for Turkish banks.

References

  • Aberdeen Group (2013) “The Power of Employee Recognition” Analyst Insight, November 2013.
  • AON. (2014), “EMEA benefits communication survey 2014”, Available at: http://www.aon.com/unitedkingdom/attachments/aon_hewitt/dc/Aon_Hewitt_EMEABenefitsSurvey-2014.pdf (accesed 12 December 2016).
  • Arthur J. G. (2015) “2014 Benefit strategy and benchmarking survey”, Available at: http://www.ajg.com/media/1089295/2014-benefits-strategy-and-benchmarking-survey-executive-summary.pdf (accesed 08 September 2016).
  • Bankers Almanac (2016) “Bankers Almanac and Due Diligence Repository,” Available at: http://www.bankersalmanac.com/formslogin.aspx?ReturnUrl=%2fprivate%2fqueban3.aspx%3fquery%3dI&query=I (accesed 03 October 2016).
  • Bureau Labor (2015) “The National Compensation Survey and the Affordable Care”, Available at: https://www.bls.gov/opub/mlr/2015/article/the-national-compensation-survey-and-the-affordable-care-act-preserving-quality-health-care-data.htm (accesed 04 October 2016).
  • Cascio, W. F. (2013) Managing Human Resources, McGraw Hill, New York.
  • Cooke, J. G. (2012) “The benefits of flexible working arrangements a future of work report”, Available at: https://www.bc.edu/content/dam/files/centers/cwf/individuals/pdf/benefitsCEOFlex.pdf (accesed 04 October 2016).
  • Dessler, G. (2011), Human Resource Management, Pearson, New York.
  • Devon. (2014, March) “Employer childcare vouchers”, Available at: http://www.devon.gov.uk/cypsfactsheets-disc3-employerchildcarevouchers.pdf (accesed 04 October 2016).
  • Hillebrink, C., Schippers, J., van Doorne-Huiskes, A. and Peters, P. (2008) “Offering choice in benefits: a new Dutch HRM arrangement” International Journal of Manpower, Vol. 29 No. 4, pp. 304-322.
  • İş Kanunu. (2003) “İş Kanunu (Labor Low)”, Available at: http://www.mevzuat.gov.tr/MevzuatMetin/1.5.4857.pdf (accesed 10 October 2016).
  • Jamison, J., and Kleiner, B. (2015) “Excellence in wellness program incentives”, Insights to a Changing World, No.3, pp. 78 - 85.
  • Koo, R. C. (2011) “The global added value of flexible benefits”, Available at: http://www.ifebp.org/inforequest/0161111.pdf (accessed 20 October 2016).
  • Lin, J.-H., Wong, J.-Y., and Ho, C.-H. (2013) “Promoting frontline employees’ quality of life: Leisure benefit systems and work-to-leisure conflicts”, Available at: http://www.sciencedirect.com/science/article/pii/S0261517712002440 (accesed 21 October 2016).
  • Lin, Z., Kelly, J. and Trenberth, L. (2011) “Antecedents and consequences of the introduction of flexible benefit plans in China”, The International Journal of Human Resource Management, Vol. 22, No. 5, pp. 1128-1145.
  • McCarthy, G., Almeida, S., and Ahrens, J. (2011) “Understanding employee wellbeing practices in australian organizations” The International Journal of Health, Wellness and Society, Vol. 1 No. 1, pp. 181-197.
  • Mejia, L. R., Balkin, D. B., and Cardy, R. L. (2007), Managing Human Resources, Pearson, London.
  • Mercer. (2014) “Employee benefits choise gaining favor in EMEA”, Available at: https://www.mercer.com.tr/insights/view/2014/employee-benefits-choice-gaining-favor-in-emea.html (accesed 25 October 2016).
  • Mulvaney, M. (2011) “A Study of the role of family-friendly employee benefits programs, job attitudes, and self-efficacy among public park and recreation employees” Journal of Park and Recreation Administration, Vol . 29 No. 1, pp. 58-79.
  • Osborne, H. (2014) “New childcare vouchers: all you need to know”, Available at: http://www.theguardian.com/money/2014/mar/18/new-childcare-vouchers-how-work (accesed 02 December 2016).
  • Rand, J., and Tarp, F. (2011) “Does gender influence the provision of fringe benefits? Evidence from Vietnamese SMES” Feminist Economics, Vol. 17 No. 1, pp. 59-87.
  • Ryff, C. D. (1989) “Happiness is everything, or is it? Explorations on the meaning of psychological well-being” Journal of Personality and Social Psychology, Vol. 57 No. 6, pp. 1069-1081.
  • Stone, R. J. (2008), Human Resource Management, Wiley, Beijing.
  • TBB. (2015) “Türkiye’de Bankacılık Sektörü 1960-2015 (Turkish Banking Sector)”, Available at: https://www.tbb.org.tr/Content/Upload/Dokuman/2183/Turkiye'de_Bankacilik_Sektoru_1960-2015.pdf (accesed 02 December 2016).
  • Torre-Ruiz, J.M.; Vidal-Salazar, M.D. & Cordón-Pozo, E. (2015) “Benefit flexibility and benefit satisfaction: does employee’s personality matter?” Personnel Review, V.46 No.1, pp. 2-16.
  • Werther, W. B., and Davis, J. K. (1989), Human Resources and Personnel Management, McGraw-Hill, New York.
  • Whitney, M.M. (2017) “Employee Recognition Program”, Available at: http://www.morganbrown.com/docs/Recognition%20Programs%202-11.pdf (accessed 25 June 2017).
  • Xavier, B. (2014) “Shaping the future research agenda for compensation and benefits management: Some thoughts based on a stakeholder inquiry” Human Resource Management Review, Vol. 24 No. 2014, pp. 31- 40.

Türkiye ve Birleşik Krallık’ta Uygulanan Yan Hakların Karşılaştırılması

Year 2018, , 21 - 40, 31.12.2018
https://doi.org/10.24013/jomelips.468026

Abstract

Bu çalışmanın amacı Türkiye ve Birleşik Krallık’ta faaliyet gösteren
bankalardaki yan hak uygulamalarının farklılıklarını, benzerliklerini ve faktöriyel
yapısını ortaya çıkarmaktır. Çalışmada Bankaların İnternet sitelerinden elde
edilen veriler kullanılmıştır. Bulgular Birleşik Krallık bankalarının Türk
bankalarına göre yan hakların iletişimi konusunda daha etkin olduğunu
göstermektedir. Yan haklar ikili bazda karşılaştırıldığında, sigorta alanındaki
yan hakların her iki ülkede de birbiriyle rekabet edebilecek düzeyde olduğu
görülmektedir. Diğer alanlardaki yan haklar ise birbirinden oldukça farklıdır.
Bunun nedeni yerel gereksinim, gelenek ve yasal düzenlemelerin yan hakların
şekillenmesini belirlemesidir. Bu çalışma Birleşik Krallık ve Türkiye’deki
bankalarda uygulanan yan hakları karşılaştıran ilk çalışmadır. Bu niteliğiyle
Türk bankaları için uygulamada referans değerine sahiptir.

References

  • Aberdeen Group (2013) “The Power of Employee Recognition” Analyst Insight, November 2013.
  • AON. (2014), “EMEA benefits communication survey 2014”, Available at: http://www.aon.com/unitedkingdom/attachments/aon_hewitt/dc/Aon_Hewitt_EMEABenefitsSurvey-2014.pdf (accesed 12 December 2016).
  • Arthur J. G. (2015) “2014 Benefit strategy and benchmarking survey”, Available at: http://www.ajg.com/media/1089295/2014-benefits-strategy-and-benchmarking-survey-executive-summary.pdf (accesed 08 September 2016).
  • Bankers Almanac (2016) “Bankers Almanac and Due Diligence Repository,” Available at: http://www.bankersalmanac.com/formslogin.aspx?ReturnUrl=%2fprivate%2fqueban3.aspx%3fquery%3dI&query=I (accesed 03 October 2016).
  • Bureau Labor (2015) “The National Compensation Survey and the Affordable Care”, Available at: https://www.bls.gov/opub/mlr/2015/article/the-national-compensation-survey-and-the-affordable-care-act-preserving-quality-health-care-data.htm (accesed 04 October 2016).
  • Cascio, W. F. (2013) Managing Human Resources, McGraw Hill, New York.
  • Cooke, J. G. (2012) “The benefits of flexible working arrangements a future of work report”, Available at: https://www.bc.edu/content/dam/files/centers/cwf/individuals/pdf/benefitsCEOFlex.pdf (accesed 04 October 2016).
  • Dessler, G. (2011), Human Resource Management, Pearson, New York.
  • Devon. (2014, March) “Employer childcare vouchers”, Available at: http://www.devon.gov.uk/cypsfactsheets-disc3-employerchildcarevouchers.pdf (accesed 04 October 2016).
  • Hillebrink, C., Schippers, J., van Doorne-Huiskes, A. and Peters, P. (2008) “Offering choice in benefits: a new Dutch HRM arrangement” International Journal of Manpower, Vol. 29 No. 4, pp. 304-322.
  • İş Kanunu. (2003) “İş Kanunu (Labor Low)”, Available at: http://www.mevzuat.gov.tr/MevzuatMetin/1.5.4857.pdf (accesed 10 October 2016).
  • Jamison, J., and Kleiner, B. (2015) “Excellence in wellness program incentives”, Insights to a Changing World, No.3, pp. 78 - 85.
  • Koo, R. C. (2011) “The global added value of flexible benefits”, Available at: http://www.ifebp.org/inforequest/0161111.pdf (accessed 20 October 2016).
  • Lin, J.-H., Wong, J.-Y., and Ho, C.-H. (2013) “Promoting frontline employees’ quality of life: Leisure benefit systems and work-to-leisure conflicts”, Available at: http://www.sciencedirect.com/science/article/pii/S0261517712002440 (accesed 21 October 2016).
  • Lin, Z., Kelly, J. and Trenberth, L. (2011) “Antecedents and consequences of the introduction of flexible benefit plans in China”, The International Journal of Human Resource Management, Vol. 22, No. 5, pp. 1128-1145.
  • McCarthy, G., Almeida, S., and Ahrens, J. (2011) “Understanding employee wellbeing practices in australian organizations” The International Journal of Health, Wellness and Society, Vol. 1 No. 1, pp. 181-197.
  • Mejia, L. R., Balkin, D. B., and Cardy, R. L. (2007), Managing Human Resources, Pearson, London.
  • Mercer. (2014) “Employee benefits choise gaining favor in EMEA”, Available at: https://www.mercer.com.tr/insights/view/2014/employee-benefits-choice-gaining-favor-in-emea.html (accesed 25 October 2016).
  • Mulvaney, M. (2011) “A Study of the role of family-friendly employee benefits programs, job attitudes, and self-efficacy among public park and recreation employees” Journal of Park and Recreation Administration, Vol . 29 No. 1, pp. 58-79.
  • Osborne, H. (2014) “New childcare vouchers: all you need to know”, Available at: http://www.theguardian.com/money/2014/mar/18/new-childcare-vouchers-how-work (accesed 02 December 2016).
  • Rand, J., and Tarp, F. (2011) “Does gender influence the provision of fringe benefits? Evidence from Vietnamese SMES” Feminist Economics, Vol. 17 No. 1, pp. 59-87.
  • Ryff, C. D. (1989) “Happiness is everything, or is it? Explorations on the meaning of psychological well-being” Journal of Personality and Social Psychology, Vol. 57 No. 6, pp. 1069-1081.
  • Stone, R. J. (2008), Human Resource Management, Wiley, Beijing.
  • TBB. (2015) “Türkiye’de Bankacılık Sektörü 1960-2015 (Turkish Banking Sector)”, Available at: https://www.tbb.org.tr/Content/Upload/Dokuman/2183/Turkiye'de_Bankacilik_Sektoru_1960-2015.pdf (accesed 02 December 2016).
  • Torre-Ruiz, J.M.; Vidal-Salazar, M.D. & Cordón-Pozo, E. (2015) “Benefit flexibility and benefit satisfaction: does employee’s personality matter?” Personnel Review, V.46 No.1, pp. 2-16.
  • Werther, W. B., and Davis, J. K. (1989), Human Resources and Personnel Management, McGraw-Hill, New York.
  • Whitney, M.M. (2017) “Employee Recognition Program”, Available at: http://www.morganbrown.com/docs/Recognition%20Programs%202-11.pdf (accessed 25 June 2017).
  • Xavier, B. (2014) “Shaping the future research agenda for compensation and benefits management: Some thoughts based on a stakeholder inquiry” Human Resource Management Review, Vol. 24 No. 2014, pp. 31- 40.
There are 28 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Research Article
Authors

Osman Bayraktar 0000-0003-2502-3578

Hüner Şencan This is me 0000-0001-5147-8344

Publication Date December 31, 2018
Submission Date October 7, 2018
Published in Issue Year 2018

Cite

APA Bayraktar, O., & Şencan, H. (2018). Comparison of Fringe Benefits in the Turkey and United Kingdom. Yönetim Ekonomi Edebiyat İslami Ve Politik Bilimler Dergisi, 3(2), 21-40. https://doi.org/10.24013/jomelips.468026

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