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  • Answer Upon - What Type of Employee Benefits Should Your Business Offer?

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    perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low t
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    Once an entrepreneur has grown from working in his basement or garage to having employees the question about benefits will ultimately rise. That leaves small business owners in cross roads between spending money on benefits and spending money on growth. Offering benefits may be a necessity if qualified talent is going to be retained.

    An informal study conducted among doctoral students at University of Phoenix found that there is an inverse relationship between perceptions of benefits and likelihood of leaving an organization. For example, when benefits are perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low t

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    at leaves small business owners in cross roads between spending money on benefits and spending money on growth. Offering benefits may be a necessity if qualified talent is going to be retained.

    An informal study conducted among doctoral students at University of Phoenix found that there is an inverse relationship between perceptions of benefits and likelihood of leaving an organization. For example, when benefits are perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low t

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    essity if qualified talent is going to be retained.

    An informal study conducted among doctoral students at University of Phoenix found that there is an inverse relationship between perceptions of benefits and likelihood of leaving an organization. For example, when benefits are perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low t

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    hat there is an inverse relationship between perceptions of benefits and likelihood of leaving an organization. For example, when benefits are perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low t
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    perceived to be high there is less likelihood that the doctoral candidates will leave their organization. When the benefits coverage is low there is a higher chance employees will leave.

    Doctoral students were asked to rank their benefits such as life insurance, medical, dental and compensation and then rank the likelihood that they will leave the organization within the next six months. Doctoral students were used because most of them were in management positions and had years of business experience making their informed decisions more valid.

    Benefits appear to be a main source of retaining employees and represent a cost of around 38% of payroll. This represents somewhere between $300 pe

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