15 companies making big benefit changes due to tax reform
Since the passage of the Tax Cuts and Jobs Act of 2017, which slashed the corporate tax rate to 21% from 35%, a variety of companies are investing their tax savings back into the workplace by way of enhanced employee benefits.
From increased 401(k) matches to new training programs, employers see a plum benefits package as a necessity for attracting and recruiting employees. Likewise, these changes are more likely to impress workers than one-time bonuses, analysts say.
Here’s a closer look at 15 companies that have made changes to their benefits package as a result of tax reform.