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Benefits (Purpose (Increase recruitment success rate, Motivate employees,…
Benefits
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A benefit is an indirect financial and non-financial reward given to an employee or a group of employees for organisational membership.
- Benefits as Competitive Advantage
It is important that benefits be used to help create and maintain competitive advantages. Benefits should not be viewed merely as cost factors because they positively affect HR efforts. Employers may offer benefits to aid in the recruitment and retention, impact organisational performance and meet legal requirements. Some employers see benefits as reinforcing the company's philosophy of social and corporate citizenship.