The Many Benefits of Providing Benefits

When times are tight, employers who cut back on the perks that promote employee loyalty may hurt themselves most of all

A national contest aimed at recognizing private companies that provide excellent employee benefits has turned up a list of "best practices" that earn employee loyalty and help the companies attract talent. "What we saw in all 10 of our winners was both depth and breadth of benefits, high levels of employer contribution, and maximum flexibility and communication," says Carey Jury, spokesman for "The Principal 10 Best Companies for Employee Financial Security," which announced its findings in May, 2002.

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