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Retention Edges Out Cost Reduction as Benefits Objective
Workforce Management
Mar. 25, 2009
Excerpt: More employees are depending on company benefits to weather the recession, and employers are keeping an eye on costs even while they see benefits as a retention tool, according to a new survey by MetLife. The study shows that 41 percent of employees polled in November 'consider workplace benefits to be the foundation of their personal safety net as they awaken to current realities about their financial security,' up from 33 percent in August. That number rises to 52 percent for workers in a company that employs 2,500 people or more.
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