Offsetting stagnant salaries with increased benefits

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Abstract: While base pay remains a top consideration to attract and retain employees, increasingly a strong benefits package is important as well. Towers Watson, a leading global professional services company, found in a recent survey that employers indicated they may allocate more funds for employee benefits because of only moderate pay increases in the coming year. This article explains why employers who offer a competitive benefits package may have a better chance to attract and retain the key employees they need.