Why companies should ask workers for their input

06/3/2013 | CNNMoney

After experiencing rapid growth in its workforce, a company called 1SaleADay felt the pinch of rising health insurance costs. The company decided to ask employees whether they would like to end an attractive perk -- free lunch -- in exchange for lower insurance premiums. A decisive majority said yes, and the company has since allowed workers to weigh in on other key decisions such as how to set up its office. This strategy of asking for employees' opinions has contributed to "higher retention, increased trust and happier employees," said Eli Federman, a senior vice president.

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