From
library and information specialists’ point of view, monetary compensation is an
essential component in recruitment and retention process; but benefits are equally
important and can often be the deciding factor in whether an individual accepts
an offer or even stays. Switzer (2004) concludes that as the competition increases
for library employees with the skills and knowledge that most academic
libraries need, many libraries rely on their benefit packages to give them the leading
edge. It is pertinent therefore that present day human resource specialists are
well informed about the various benefits available so that they can adequately manage
recruitment and employment. Academic institution typically offer a wide range
of benefits to their employees; and as university employees, academic
librarians are afforded the same institutional benefits as other university
employee. These include retirement plans, medical care, sick and annual leave,
sabbatical leave, study leave, maternity leave, child care, pension benefit,
sponsorship to conferences and workshops, leave bonuses, on campus
accommodation, and so on, which are referred to as university supported
benefits. Libraries, in addition to these can also make some benefits available
to its employees. The onus is on the human resource specialist who must be
aware of benefits offered by other libraries to ensure that his library is not left
behind. Some library supported benefits have monetary value while some have no
financial impact. (Odunlade, R. O. 2012)
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