Tag "employee benefits"
The benefits package you offer your staff can say a lot about your business as a potential place to work.
If you have employees, you generally have to carry workers’ compensation insurance. This will compensate your workers for medical bills related to an injury that occurs on the job or while carrying out duties on the company’s behalf.
There are many different kinds of perks that companies give out to reward workers in return for loyalty. People are much more likely to choose the companies that provide these extra benefits.
Once a company employs somebody, it assumes that the compensation package is enough to keep the person motivated and provide his best. Problems arise when the business is faced with issues of low motivation, lack of responsibility, poor discipline, and eventually a high attrition rate.