Employers Are Spending More to Recruit Talent, Neglecting Their Employee Benefits Package

CHICAGO - April 13, 2022 - PRLog -- The employment market has issues across all industries and levels within a company to retain employees to achieve the growth and goals of the company. Growth and profit are the driving force behind most companies competing for employees. These companies have a gloomy outlook in front of them unless something changes.

Many employers compete with employees to retain them. The cost of implementing a better program for their employees will have a greater return than the cost to look for and find quality talent in the workforce.

Elite Benefits of America launched The Elite Benefits Formula Scorecard in March 2022. This scorecard is to rate organizations to see how they fair in four categories vital to ensuring their employee benefits program plays a valuable role in helping companies attract, recruit, and retain top talent while keeping costs down.

"Measuring the return on investment in a benefits package versus recruiting and hiring costs has a balance that could work out for the best of the whole company. Most companies do not even know where they are, let alone where they need to go," says Butch Zemar, Director of Benefits at Elite Benefits of America.

The Elite Benefits Formula Scorecard provides company feedback on where they are in four areas:

• Technology
• Cost Containment
• Employee Incentives
• Compliance

CFOs and HR need to have a strategy without taking a blind stab at things in the marketplace to gain traction. They need a plan so they can move forward with purpose. Purpose brings growth and profits.

To receive your complementary scorecard, please visit: EliteBenefits.net/Scorecard or call 708-535-3006.

Elite Benefits of America is a benefits consulting firm that partners with CFOs, controllers, and employers to control their health care spending for the company. For more information, please visit EliteBenefits.net or call 708-535-3006