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Maintaining the cost or benefits and remaining competitive

Examine how an organization can maintain its costly benefit structure while remaining competitive against countries whose companies do not offer such benefits.

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There are a couple options organizations have in trying to maintain costly benefits, while remaining competitive to other companies which do not offer benefits at all. The first option is to offer benefits which are voluntary and/or include a cost-sharing by the employee. Popular benefits in this category ...

Solution Summary

This solution explains two methods an organization can utilize in offering benefits, which are often a company's most costly expense (along with salary), while remaining competitive to what other companies offer. The solution provides several, detailed examples of what an organization can do to attract, and retain, today's employees.