The Benefits ‘Goldilocks Zone’
By Mick Van Staveren
It seems that every day brings news of layoffs at marque companies. Even with these stories, the labor market remains tight. Savvy employers understand that a well-designed Employee Benefits Package is a key component in recruiting a talented workforce. It’s no longer about “perks” or “fringe benefits.” Benefits comprise an increasing share of employee compensation. According to a recent Bureau of Labor statistics report, benefits account for approximately 30% of total rewards. It’s a huge investment.
NorthBay biz – May 2023