From the employer’s perspective, a benefits package has a job to do. You spend time, energy and money putting together a competitive package, and it should benefit not just your workers, but also the organization itself.
Happiness with benefits correlates strongly with employee satisfaction: three out of four employees who do rate their benefit package as excellent or very good also rate their employer as an excellent or very good place to work.
For decades, a 40 hour work week was the standard for defining full-time employment. The great majority of employers have used this guideline to determine eligibility for employer-provided benefits such as health, dental, life, vision, disability and other group insurance plans as well as 401(k), paid time off and other employer-provided perks.