Competitive Pay Benefits

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Recruiters are out looking for the right employee for the company. One way a company stays competitive is by offering a competitive wage. The competitive wage is a wage the reasonable based wage which is based off the qualification of the employee. The competitive wage will be different based off the location of the company. For instance, the company with an Iowa branch will have one wage but a different wage for the branch in Texas. This is due to the cost of living and the competitor pay for the same or similar position. The Bureau of Labor Statistics provides salary ranges for different jobs. However, it is only a base line and may not take into consideration the employees qualifications. Employers will add value to the qualifications …show more content…

Benefits could be on-site daycare, paid time off, stocked kitchens, college reimbursement, game consoles, or employee loans. However, the biggest benefit is health insurance. Many people work to have health insurance at an affordable premium. Group policies are offered to companies. Many employees take advantage of the health insurance. Some companies even pay for the insurance premiums such as John Deer and GoDaddy. Paid time off is another big benefit employees seek. Approximately 80% of employees seek a good paid time off package (Jones, 2017). People feel more appreciate as they are trusted to manage the time off while still meeting their business deadlines. Flexibility One way to retain employees is to offer a flexible work schedule or be adaptable to having the employees work at their homes. Telecommuting is where the employee works from home at least half time. The flexibility provides companies to meet future and present challenges. This is done by providing a choice to accommodate and enable the complexity of the employee. Working from home is growing. Nearly 3% of the total workforce in the United States now works from home. This translates to 3.9 million workers in 2015 which is an increase from 1.8 million in 2005 (Vasel,

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