No, private businesses should decide the amount of competitive incentives they offer to employees instead of a government mandate

The individual in prior times had a more limited market to which to offer their labor. In todays marketplace, a marketplace of instantaneous applications, networking, and social connection, the advantage lies completely with the seller of their own labor, not the business which need to find good and qualified labor. Therefore, the ownness lies with the laborer to actively negotiate with the employer. If they choose not to, it is of their own lack of forward motion.