ABSTRACT

Employee benefits as form of non-financial rewards can have an even more significant impact on employee satisfaction and motivation than traditional financial rewards. When employees have a job that offers great benefits, they are less likely to leave that job. Many enterprises (employers) associate the benefits with high costs. However, if company loses an employee, loses also money. When an employee leaves, it means for company incurred expense for replacing. For example, cost related with advertising of the vacant job position, training for the new employee which not yet produces. Consequently, it’s more economical to give benefits to employees than to have cost with training new ones.