The responsibility of a company to provide its employees with benefits rests with the company’s management team.  Like any good business decision, a decision to offer benefits should be considered in light of costs and benefits.  While there is no ultimate rule about benefits, a company should also consider its competitive landscape when creating benefits packages that are engineered not only to compensate employees but also to reward and incentivize them as well.

As the old adage states, people vote with their feet. If a company fails to retain its employee’s satisfaction, costly turnover and loss of human intelligence quotients is likely to ensue.  A company has a responsibility to its stakeholders to perform to the best of its ability – this could be interpreted as sacrificing short term gains in favor of long term growth.  One way to potentially achieve this would be to provide benefits, incentives and advancement opportunities to workers.