Question

Why do many companies find that providing employees a comprehensive benefits package that includes insurance, retirement investment and other benefits is worth the cost associated with these benefit packages?

1. Providing a strong benefits package reduces some of the stress most of us feel when it comes to paying for medical care, having enough money for retirement and other employer-sponsored benefits.
2. Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees.
3. When employees use the company medical benefits package, they are forced to go to doctors and health providers selected by the company for their low-cost services.
4. When the employer offers health benefits but not accrued vacation hours, employees find that their health care options actually serve as vacation time as well.

Answer 1

2. Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees.

Step-by-step explanation:

Human resource plays a critical role in the success of any organization. A company's employees are perhaps its most valuable and important resources. Without good employees, a business is unlikely to achieve operational efficiency, increasing the possibility of losses.

Companies establish the human resources department to manage the critical element of employees. This department is mandated to recruit, train, and develop the best employees. Organizations invest in improving their workforce in the realization of the critical role they play. They offer attractive remuneration and benefits to attract and retain the best employees in the industry.