Benefit Packages

What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?

Health care has emerged as one of the most important issues in contemporary American business in relation to competitive benefits packages. That is because under the current health care framework in the U.S., employer health care plans are the most common source of health insurance access (Reid, 2009). Before the enactment of the Affordable Care Act (ACA), only businesses employing at least 50 employees were required by law to provide group health insurance to their employees. That meant that smaller companies often were at a competitive disadvantage in attracting the best talent because employees value health insurance so much. Since the enactment of the ACA, smaller companies will also be required to provide health insurance plans to avoid tax penalties for choosing not to do so (Pickert, 2012)....
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