Most employers probably regard benefits as something that organizations offer their workers by way of providing additional compensation for their efforts. In many ways, this is true because the financial value of things like health insurance and 401(k) accounts are much greater than what most staff members could afford on their own.
However, another way that companies can give services to personnel without even spending much more money is through the use of voluntary benefits. These products are essentially paid for in total by workers and don't see companies contributing much of anything to them. Life and disability insurance are two popular forms of voluntary benefits. Their popularity mostly comes from the fact that, like other services, employees would never be able to afford them without the help of an employer.
Despite not contributing any funds, employers nonetheless leverage their positions as large organizations to make certain plans affordable for employees. While not strictly financial, this kind of provision gives even more value to workers who don't necessarily have the financial clout that their employers do. A workforce that has access to additional financial instruments will be more content and consequently may be more productive as well as loyal.
