Employers who are content to provide their workers with compensation that doesn't include benefits might not think they have any incentive to expand their offerings. After all, some industries simply don't lend themselves to staff coverage, health insurance and other similar services.
However, there are quite a few advantages to keeping workers covered with different kinds of plans. Many arguments in this vein usually refer to the fact that companies will be able to attract the best candidates and retain their top workers if they provide benefit packages, but there are reasons to do so that are purely financial.
For instance, benefits allow for some interesting ways to reduce the tax burden for which an employer and her employees are responsible. An employee benefit specialist can help to outline the particulars based on on your industry and geographic location, but by and large the income and services given to workers are tax-free. This means that rather than having a significant portion of their paychecks taken by the state and federal government, employees will instead be privy to services that aren't affected by such requirements.
More importantly, providing benefits helps organizations. Instead of needing to garnish wages so that payroll taxes can be paid, companies can can free themselves of tax burdens by making benefits available. This is especially important for new and smaller businesses that might not immediately be large enough to pay every worker a premium wage to start. Consider making coverage an option by speaking with an employee benefit consultant to maximize employee compensation efficiency.
