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Advantage of having good benefit
Good benefits Increase retention…Loyalty and moral.
“In today’s hiring market, a generous benefits package is essential for attracting and retaining
top talent…80% of employees would choose additional benefits over a pay raise”
Harvard Business Review – February 15, 2017]
- Providing voluntary benefits can allow employers to control the cost of healthcare for their company in the future.
- Providing a benefits package that’s just right for the owner and the employees will provide a perfect balance between cost and coverage.
- Finding new ways for the owner of a company to save on healthcare costs other then down grading benefits can retain valuable employees.
- The more the benefit package goes down the more the EE is hurt financially the more likely he will ask for a raise.
