Attraction and Retention: Offering competitive benefits packages can help attract highly skilled employees and retain existing ones, reducing turnover rates. Employee Well-being: Comprehensive benefits such as health insurance and wellness programs contribute significantly to the well-being and productivity of employees. Motivation and Engagement: Benefits can serve as a motivational tool, increasing employee engagement and loyalty. Legal Compliance: Certain benefits are mandated by law, and providing them ensures compliance and avoids legal issues.