In-plants Face New Strategic Realities
As corporate comptrollers sharpen their scrutiny, in-plants turn to insourcing, marketing and ancillary services. Still, many hardships remain for in-plants. Here’s a candid look.
While in-plant employees are aware of the higher value fringe benefits they get, many corporations are not because of the definition of “fringe benefits.” The printing industry includes sick pay, holidays and vacation as fringe benefit items. Many corporations do not.
Corporations often do not include educational reimbursement in the cost of fringe benefits. Most of the printing industry simply does not use third party sources to educate employees; hence, no fringe benefit expense here either. The human resource department couldn’t care less about the printing industry’s differing definition of fringe benefits because there is no possibility of reducing them, certainly not disproportionately to other employees.
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