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Human Resource Management - Benefit Packages

1. What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?
2. What are companies doing to control costs in this area?

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1.
Changes in health care legislation, including the recent federal mandates are of significant concern to employers who wish to offer a competitive benefits package. The continuing rise of health care coverage costs in general are also a key concern, as is trying to optimize value in their benefits plan, especially when compared to those offered by competitors in the same industry. A benefits package is a significant concern when trying to attract and retain top talent. Current and potential employees assess the overall value of a benefits package when comparing multiple job offers. During the economic downturn beginning a few years ago, multiple job offers were hard to come by, so benefits packages did not, necessarily, have to be as stellar ...

Solution Summary

The key issues facing businesses today in terms of continuing to offer a competitive benefits packages. The companies doing to control costs in the area are given.

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