Employee Benefits in a Nonprofit Organization

Abstract

Every concern should ensure proper administration of social security programs. In Chittagong University, employee benefits are controlled by University rules and regulations, which are framed in line with the policy of the Government of Bangladesh. It is a public university having an autonomous character. Both in-service (or active) and retirement benefits are provided to employees. Some nonmonetary benefits are also provided during the active period, including basic salary, house rent, medical allowance, bonus, book allowance, medical and other loans and retirement benefits. The latter include provident fund, gratuity/pension benefits, group insurance, leave payments, benevolent fund and so on. Nonmonetary benefits generally include medical care, subsidized transport, leave without pay and so on. This article confirms that employees are satisfied with the benefits, but the impression of their experience when they apply for retirement benefits is somewhat negative and their concerns need to be addressed.