You are the HR Manager for Lawson Chemical and your boss, the VP of Human Resources just purchased a local salary survey that has employee benefits data. She was shocked to see that your company has a larger benefits bill (38 percent of payroll) than the average in the community (31 percent). In a memo to you, she demands an explanation for why our package is significantly bigger. After all, this is costing the company significant amounts of the budget as it is being spent on benefits. What are a few reasons that would justify having such a higher level of benefits? What are a few ways you can ensure your company’s benefits are not too expensive when compared to your competitors?
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