Compensation and Benefits Essay Example | Topics and Well Written Essays - 250 words - 3

Compensation and Benefits - Essay illustrationIn this case, in order for an organization to appeal to such employees, and keep them after hiring them, it is essential for them to leave them with competitive compensation packages, including benefits (Ulrich, 2011).Nonetheless, provision of benefits cost money. For instance, health insurance in the United States is quite expensive. As such, it is true that benefits may result to increased cost, making a firm to incur higher costs and hurt its competitiveness. In this case, it is appropriate for firms to calibrate in a careful manner based on the number of benefits it wishes to offer its employees. An enterprise should be generous enough for it to attract qualified and competitive moil force. However, it should refrain from overpaying employees who are less productive and not worth additional money (Ulrich, 2011).In a firm, it is true that higher pay and benefits play a major role in attracting and keeping feeling employees. Nonethe less, I do not belief that pay is the primary motivating factor for existing employees and line of work applicants. They look for those firms that are capable of providing them with benefits, such as health insurance, which are some of the most repugn areas for employees to