What Bert Has To Say About Washington-Arlington-Alexandria Metro Area. It would be an understatement to say that the nationâs capital is a unique place. The centrally located National Mall is an urban planning gem, with excellent open spaces, walking paths, and major monuments in a classic architectural style.
The MetLifeÂ® study reveals that employers and employees have different expectations from benefits. Because of this, employers often underestimate the importance of benefits to their employees. Figure 2 shows that, outside of their wages, employees most value health insurance, retirement products and other insurance. In other words, they place the highest value on the benefits that impact their personal and financial well-being.
The purpose of employee benefits is to increase the economic security of staff members, and in doing so, improve worker retention across the organization. As such, it is one component of reward management. The term perks is often used colloquially to refer to those benefits of a more discretionary nature.