It’s no longer news that companies worldwide continue to grapple with unprecedented labor shortages. Under such challenging economic conditions, it might seem wise to reduce or eliminate employee benefits as a cost-saving measure. However, that’s merely a short-term “fix” that will lead to a long-term talent shortage as top candidates seek employment elsewhere.
Unfortunately, the high demand for qualified employees in knowledge- and skill-based professions means that individual businesses must do everything they can to stand out from the competition. Ensuring that your company offers job candidates the benefits they truly want is a surefire way to stand out in a crowded labor market.