Although benefits can be a significant asset to a firm’s employees, they can also create a major headache for the untrained HR professional. In this chapter, we will shed some light on the different types of benefits your organization might offer, what options your firm might have for offering benefits, what types of benefits are required by law, and how the “benefits mix” can be helpful in retaining valued employees.
After completing this chapter, the reader should be able to
1. Understand the “benefits mix” and the costs associated with benefits.
2. Understand legally required benefits and how they differ from other employee benefits.
3. Understand how benefits can be used to retain and motivate employees. ...