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By offering benefits, you give employees more of a reason to care about your company and remain loyal. As a result, they should be willing to work harder, which can lead to greater productivity and higher quality. According to Insurance Quotes, 57 percent of private employers offer more than the legally required benefits. For this reason, providing benefits can put you above 43 percent of competitors who don't offer extra benefits.

While offering employee benefits may cost a bit more initially, the long-term advantages can greatly outweigh those costs and contribute to your overall success. Your business will be poised to acquire true professionals who are in it for the long haul. This will help create a stable workforce and position your business as an industry leader.

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