Asked by Dominique Pierre Louis on Jul 22, 2024
Verified
Many firms outsource their cafeteria plans to a professional vendor because of the complexity of administering the system.
Outsource
The practice of hiring third-party vendors to perform services or produce goods that were previously handled in-house.
Cafeteria Plans
A type of employee benefit plan that allows workers to choose from a variety of pre-tax benefits, adjusting the plan to their personal needs.
Professional Vendor
A company or individual that provides specialized services or products to businesses under a contractual agreement.
- Evaluate the role of technology in managing employee benefits.
Verified Answer
Learning Objectives
- Evaluate the role of technology in managing employee benefits.
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