Why are employee benefits important
Employee benefits are a vital part of attracting and retaining competent and capable employees. A competitive and comprehensive employee benefits package raises employee morale and productivity. It also decreases turnover, employee complaints and absenteeism. What are the key components of a strong employee benefits package? A competitive and comprehensive employee benefits package starts with four key components: group health, dental, life and disability. From there, you can build on by adding vision, long-term care and additional benefits based on employee needs. To complete the comprehensive package, Liberty Insurance delivers a wide array of value-added services, including HR assistance, a legal hotline, custom benefit guides, wellness programs and COBRA assistance. The most recent Chamber of Commerce study on employee benefits indicates that, on average, employee benefits account for 42 percent of an employee’s total compensation. -U.S. Chamber of Commerce Employee benefits contai
