Benefits Analysis involves assessing the value and effectiveness of employee benefits and compensation packages. ## Core Components ### Financial Benefits - Salary - Bonuses - Retirement plans ### Health and Wellness - Health insurance - Wellness programs - Paid time off ### Work-Life Balance - Flexible schedules - Remote work options - Parental leave ## Application 1. **Employee Satisfaction** - Competitive packages - Retention strategies - Engagement improvement 2. **Cost Management** - Budget allocation - Benefit optimization - ROI analysis ## Best Practices - Regularly review offerings - Align with industry standards - Gather employee feedback