When salary budgets are tight,or when the hiring market is competitive,providing better __________ than competitors can help organizations attract and retain top employees.

Question

Quizplus · Accepted Answer

When salary budgets are tight or when the hiring market is competitive, offering better benefits than competitors can make the difference in attracting and retaining top employees. Benefits such as health insurance, retirement plans, and perks like flexible work schedules can be attractive to employees and may outweigh a slightly lower salary. Vacations and signing bonuses may be useful, but they often do not have the same impact as comprehensive benefits packages.

When Salary Budgets Are Tight,or When the Hiring Market Is