When creating a competitive benefits package, HR leaders usually look to their company’s specific offerings. That’s a strong strategy but it isn’t the only way to retain your people and attract new talent.
You should also consider the actual structure of your benefits plan – specifically, whether a cafeteria plan that allows for pre-tax salary deductions for health and other benefits is beneficial for your employees and organization. While cafeteria plans can incorporate several benefit components, they can also be as simple as a premium only plan (POP).