Human Resources Kit For Dummies, 4th Edition

Chapter 12

Putting Together the Right Benefits Package

IN THIS CHAPTER

Checking out trends in benefits management

Reviewing the basics of employee benefits

Grasping the intricacies of insurance offerings

Making benefits administration easier

As employers strive to retain and recruit the best talent in a tight job market, there’s an increasing focus on health benefits and patient-centered care. Employers have found that quality employee benefits can help them differentiate themselves and remain competitive as they seek ways to address recruitment and retention challenges. Nearly half (48 percent) of the more than 9,600 U.S. employees surveyed by Willis Towers Watson in 2022 said healthcare benefits were an important reason they chose their current employer.

You have a lot to think about when managing benefits for your team members — administrative details and government regulation, not to mention pressure to reconcile employee desires with the financial realities of your business. However, a comprehensive package of employee benefits is a critical component in recruiting and retaining ...