Is your Recruiting Strategy based on an extensive range of employee benefits? How expensive is it to provide that level of benefits? Are you getting the results you are looking for with the amount of money you are spending? How many of your candidates are coming to you strictly for the benefits? How many of those expensive benefits are irrelevant to some employees/candidates?
Employee benefits is number 6 of the 7 ways to employee satisfaction/engagement. 5 of the other 6 have nothing to do with money or benefits. People Profits sees Total Rewards as a threshold issue. If you meet the threshold the employee is looking for then it goes away as an issue and as a motivatior.