Employee Benefits and Compensation in Muslim Cosmetic and Herbal Care Companies

This study investigates employee benefits and compensation within a" Muslim Cosmetic and Herbal Care Company" in Rajshahi, Bangladesh, focusing on its impact on employee benefits and compensation structure on the well-being, motivation, and performance of permanent workers within the company. Utilizing exploratory methods including in-depth interviews, informal meetings, Focus Group Discussion (FGD) and spot observations with 40 permanent workers that were selected through systematic sampling, the research reveals several key findings. A significant majority of employees are female (82.5%) and young (45% aged 15-24), belonging to the upper lower-class (100%) and primarily living in rented houses (80%). The study highlights challenge in employee relations, with 42.5% reporting neutral communication with owners and 45% indicating a low trust level. Furthermore, 60% of employees feel their compensation does not align with their workload and responsibilities, and 57.5% report a worsening socio-economic status since joining the company. A substantial 60% of respondents frequently experience stress or burnout due to the work environment, and 57.5% believe their remuneration has no effect on their motivation to perform better. Despite these issues, 100% of respondents stated that the company offers incentives for excellent performance, and 70% believe better remuneration would likely improve their performance. The findings suggest a need for improved compensation structures, communication, and work environments to enhance employee well-being and productivity within such companies.