What role do benefits play in a compensation package?

Career Discussion Essay.
August 18, 2019
Does the government backing of pension programs create a “moral hazard” What is a moral hazard anyhow?
August 18, 2019

What role do benefits play in a compensation package?

Question Description

Read the attached article and write a discussion post answering the following:

What role do benefits play in a compensation package? Why not simply offer employees cash compensation for the time that they work and let them purchase their own insurance, save for their own retirements and take as much unpaid time off as they like for vacation, medical reasons, or any other purpose?

Write in an essay form, 300 words minimum. Respond to the posts of two of your colleagues.