Over the last year, 34% of employers said they boosted their benefits to employees, up from 32% the prior year, the Society for Human Resource Management notes in a recently published survey. And this year, companies have increased health-related benefits by nearly 30% and wellness-related benefits by 20% from last year.
"It's important to think about benefits and perks as another kind of compensation when you're looking for a job," says Alison Sullivan, a career trends expert at Glassdoor.
Voluntary turnover costs U.S. employers $536 billion yearly, the Bureau of Labor Statistics notes. And finding a new replacement can set back a company as much as $4,129 per new hire. That's because it can take an average of 42 days to find someone, a 2016 SHRM report found.Last modified on Saturday, 06 October 2018