What is an advantage of providing benefits instead of cash compensation?

Question

Quizplus · Accepted Answer

Employers can assemble creative benefits packages that give them a competitive advantage. Providing benefits can differentiate a company from its competitors and attract and retain employees. Cash compensation, on the other hand, is more standardized and can be easily compared between companies. Creative benefits packages can include things like flexible scheduling, telecommuting options, gym memberships, and professional development opportunities, which can appeal to a wide range of employees.

What Is an Advantage of Providing Benefits Instead of Cash