Chapter 12 goes over benefits that are provided by employers such as insurance benefits, paid time off, and retirement programs. The more I learn about some companies and the amounts of benefits they give to their employees, I wonder how some of them turn a profit. The only way that I can see that they will keep a profit is that when they offer these benefits, turnover plummets, and the morale of their employees is very high. With high morale the employees will be much more efficient and the low turnover rate keeps training costs low.
What do companies do to provide employees with good benefits at low cost? How can a company use benefits to keep turnover rates low?