Companies use __________ to attract and retain employees,and sometimes to compensate for offering lower pay than their competitors.

Question

Quizplus · Accepted Answer

Benefits are a commonly used tool by companies to attract and retain employees, as they offer added value beyond just the base salary. This can include things like health insurance, retirement plans, paid time off, and more. By offering a strong benefits package, companies can make their overall compensation more competitive, even if their base pay is lower than their competitors'.

Companies Use __________ to Attract and Retain Employees,and Sometimes to Compensate