Providing a great benefits package is one of the key components in recruiting and retaining employees. It's almost standard to expect a basic medical/401K plan when interviewing for a position, so it's no wonder HR departments are continually researching ways to strategize and develop excellent benefits programs. It's always good to plan ahead as well as being concerned about immediate needs. Creating a savings for retirement or emergency situations can provide a safety net for employees. Job seekers want to know that the company values their work and will therefore recognize the overall well being of its employees. That's why there are added incentives in certain job listings, providing fitness discounts or recognition programs. Employers also agree on the effectiveness of these plans, 46% acknowledging the direct influence it has on retention, 36% agreeing that it is very effective towards risk management objectives, and 72% find it extremely important in building organizational culture. All these studies and more can be found on a Towers Perrin report which breaks down the tools that are needed to make benefit changes work.

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