There is an expression that says, “People will join an organization for the salary, but will stay for the benefits.”
But what exactly is included in “benefits”?
The level and mix of benefits that you provide should be aligned with the specific goals of the organization and needs of their employees.
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Lately, I’ve been hearing from employers who are feeling the pinch of rising benefit costs while still wanting to offer competitive packages that attract and retain great people. It’s a tricky balance — you want to take care of your team, but you also need to keep an eye on the bottom line.
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