Open AccessIntegrating Employee Benefits and Competitive Strategy
Author(s) -
Margaret A. Lucero,
M. White
Publication year - 1970
Publication title -
journal of business strategies
Language(s) - English
Resource type - Journals
eISSN - 2162-6901
pISSN - 0887-2058
DOI - 10.54155/jbs.12.2.135-150
Subject(s) - employee benefits , business , competitive advantage , compensation of employees , marketing , compensation (psychology) , human resource management , employee engagement , cost–benefit analysis , control (management) , industrial organization , economics , management , finance , psychology , ecology , psychoanalysis , biology
As the costs of employee benefits have escalated, labor cost control to enhance product market competitiveness has become a more critical organizational concern. However, benefits which are an element of compensation have remained a relatively neglected topic in the area of strategic human resource management. This paper explores the role of employee benefits in effective strategy implementation. Three core characteristics of employee benefits practices: timing, benefit level and employee-employer relationship, are described on continuum of choices. Examples of various employee benefits practices are linked to low-cost leadership and differentiation strategies.