Although wages receive the bulk of the attention, employee benefits are playing a more important role than ever in attracting employees, retaining them, and creating job satisfaction.
The 2016 Aflac Workforces Report reveals that 55 percent of employees are at least somewhat likely to accept a job with slightly lower pay if it has better benefits. Sixty percent of employees said having a benefits package is extremely or very important to their employer loyalty. Thirty-six percent said improving their benefits package is one thing their employers can do to keep them in their jobs.
Matt Pfeiffenberger, vice president of health benefits solutions at Murray Securus in Lancaster, says many central Pennsylvania small businesses recognize the value of employee benefits.
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