What Are the Challenges in Offering Benefits Packages?
While benefits packages offer many advantages, they also come with challenges:
Cost: Providing comprehensive benefits can be expensive, especially for smaller companies. Complexity: Managing and administering benefits packages can be complex and time-consuming. Legal and Regulatory Issues: Navigating the legal landscape and ensuring compliance with regulations can be challenging. Customization: One size does not fit all. Tailoring benefits to meet the needs of a diverse workforce can be difficult.