This document discusses employee compensation and benefits. It begins by comparing the standard benefits mix to Google's generous benefits, which include paid parental leave, childcare, fitness programs and daily meals. It then explains that while employees value benefits highly, there is a mismatch between their perceived value and costs to employers. Benefits now account for 30% of total compensation on average. The growth of benefits is traced to factors like unions, tax advantages and government regulations. Effective benefits administration requires determining eligibility, processing claims, containing costs through measures like co-pays, and clear communication to employees.