Marketplace Competitiveness

The Impact of Benefits Offering on Marketplace Competitiveness

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What impact do benefits offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Do you think pay is the primary motivating factor for most job applicants and existing employees?
In most case, it is intricate to understand the effect of benefits offering can allow an organization to be competitive in its attracting and keeping quality workforce. However, benefits offerings can help an organization to attract good job applicants an aspect that retains such workers. In addition, it’s the primary motivating factor for the majority of job applicants. Because many workers focus on benefits offered when deciding which company to work for, whether to the work for a different organization and when to retire (Youssef, 2012).

The Impact of Benefits Offering on Marketplace Competitiveness

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Such decisions largely depend on some of the benefits an organization offers to its employees, the degree to which workers value the benefits and how appropriate the benefits provided compared to other firms. On the other hand, benefitsoffered allow organizations gain a competitive advantage particularly when they provide good benefits to attract the type of workforce. Nevertheless, different workplace diversities enhance workers to grow professionally. For that reason, firms should offer benefits based on diversity to cater for employees changing needs (Youssef, 2012). Additionally, benefits are important for workers motivation as well as morale. Organizations use various forms perspective to motivate employees including; content, behavioral, and pay and reward.

The Impact of Benefits Offering on Marketplace Competitiveness

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Content view concentrates on the basis that stimulates individuals’ needs. Without needs, there is no motivation. A process and equity deal with the procedure that contributes to motivation, this perspective tackles reasons and mechanisms for individuals’ actions and degree of fulfillment. Workers choose a particular behavior in accordance with how the organization treats them. With respect to behavioral perspective, it focuses on how behaviors are acquired and strengthened (Youssef, 2012).
References
Youssef, C. (2012). Human resource management. San Diego, CA: Bridge-point Education