Employers are not legally required to offer employee benefits, so why do they offer them? Since payroll is already the largest line item on most employers’ balance sheets, and recruiting new employees costs time and money, attracting and retaining the top talent should be a priority. This is particularly true within competitive industries where workers have multiple options.

Small businesses must manage expenses and cash flow wisely and with much caution. It is also important to note that employers who offer benefits also are bound by certain laws and regulations. Regardless of whether there are violations, employers may need the …