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Why employers offer benefits?

Updated: 10/10/2023
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Wiki User

9y ago

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By law, an employer in the USA is not required to provide any benefits. However, to stay competitive and help with employee retention, many employers do provide at least the follow:

Medical, dental, vision, 401(k), Life insurance at 1 times your annual salary, AD&D, STD and LTD. They may also provide 5 sick days, 2 weeks of vacation, and paid holidays. They may offer education reimbursement, pay for training seminars, etc. This all adds up. At our company, the cost to provie healthcare to each employee is over $500 per month!

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Wiki User

12y ago
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9y ago

Employers offer benefits to entice new employees to the company. This helps to keep employers competitive in the job market.

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14y ago

Employers often provide health, dental and/or life insurance, retirement benefits of some sort (either defined benefit or defined contribution), time off for vacations and/or illness.

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