Employee Benefits are an integral part of an employee’s compensation package and provide additional security for a company’s employees should they require medication, dental work, physiotherapy, or suffer a catastrophic injury and cannot work. When surveyed, 70% of employees answered that they would choose a job with benefits versus a higher paying job without benefits, which means you can attract and maintain the best employees for your company when you offer a benefit package.
Developing a compensation philosophy, including benefits, leads to a happier, loyal, and productive workforce.