The Pros And Cons Of Employee Benefits

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The changes in the types of benefits provided by employers over the past decade have been excessive. Benefits have always been used as a non-wage bargaining tool when recruiting workers for the company. They types of perks offered can make or break the company when competing for the workforce. From how benefits started out, to what they are now, and how they are improving the improvement can be see and help employees recognize if they are being appreciated.

The use of employee benefits was slowly introduced during the industrial revolution. Because of the harsh work environment, long hours, and poor pay employers began to use retirement benefits to attract new employees to their company. The introduction of a retirement plan was the most common benefit at this time. Many
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A group of teachers in Dallas entered into a contract with Baylor hospital in which the hospital would provide medical care for the teachers if they paid a monthly fee. This trend began to grow and because of wage freezes in World War II many employers began to use this benefit to attract workers. Even after the war this trend stuck and is now commonplace in many companies …show more content…
Many more companies have begun to add in voluntary benefits for their employees to help increase they job satisfaction. Wellness programs have become important for many employees. The typical structure of a wellness plan would be for the employer to provide incentives for employees to participate in fitness activities, have onsite health screenings, as well as encouraging the employees to learn more about their health through seminars and classes. This provides almost as much benefit for the company its self as it has show to decrease health care cost for the company acting as a proactive measure to change the health of their

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