Asked by
Gokul Krishnan
on Nov 30, 2024Verified
What is NOT a possible reason for implementing flexible benefit plans?
A) cutting benefit costs
B) developing a more diverse work force
C) lowering overall administrative costs
D) shifting employee perspective away from an entitlement approach
Flexible Benefit Plans
Benefits programs that allow employees to choose from a range of options to create a package that best suits their needs and lifestyle.
Benefit Costs
The expenses borne by employers for the non-wage compensations provided to employees, such as health insurance, pensions, and paid leave.
Entitlement Approach
A method in economic policy or welfare economics where benefits are distributed based on set criteria, often used to ensure that basic needs are met.
- Acquire knowledge about the factors that advance and impede the adoption of flexible benefits plans.
Verified Answer
DS
Learning Objectives
- Acquire knowledge about the factors that advance and impede the adoption of flexible benefits plans.