In this time, it is not just the companies that have the freedom in choosing their own employees. They can do so and choose whom they want but also applicants have the freedom to choose which company to apply to. If they want the offer of the company they also can choose that company among others. There are applicants who continuously apply to one company and position as they want to have it. What is the reason? The company have good benefits being given to the employees. It is said that even if the salary is not that high but it comes with benefits, the company is ranked higher.
Then what are the pros of giving benefits to employees? Here are some of them. One is that employees are attracted to good benefits and they can remain in the company being loyal. In the part also of the company, they can deduct the benefits given to employees like insurance contribution or pension plan. This can also give savings to the company and also for the owner himself as he can be part of the plan and pay lower premiums than getting it alone. It was known that having health benefits also give motivation for employees to work hard.
Let us also know the negative side of it. The company should be able to be careful in processing and making its plan for the insurance. It is best to employ the help of an expert in this field so that the areas where they could have mistake would be eliminated so that future expenses would not be incurred. Sometimes companies are sued because of benefits that one employee was not able to receive due to misclassification of its position or employment status. It could cost big expense for the company.