Benefits Are the New Salary
New research shows that benefits spending is up while wages remain stagnant. Workers might be comfortable with that
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In lieu of higher salaries, employers are offering plusher benefits packages to attract and retain talent, a new survey suggests.
In a report on more than 450 employers surveyed by the Society of Human Resource Management, 35 percent cited bigger benefits packages, compared to 28 percent the year before. A small chunk of those asked—7 percent—noted a reduction, but that's down from 9 percent the year earlier. The survey also noted the rise of such new benefits as company-provided fitness trackers, egg-freezing, group fitness, and student loan repayment programs.