Asked by Chelsy Martin on May 01, 2024
Verified
Identify a true statement regarding benefits programs.
A) Organizations that do not spend much on employee benefits save money in the long run.
B) Employees are more likely to be satisfied with firms that provide better benefits.
C) Organizations unwilling to spend on benefits successfully convince employees to work harder.
D) Employees are attracted to firms that ask employees to bear the costs of benefits.
Benefits Programs
Structured packages offered by employers to employees, which may include health insurance, retirement plans, and other perks to enhance job satisfaction and loyalty.
Employee Satisfaction
The level of contentment and positive feeling that an employee has toward their job, work environment, and the company, which can impact productivity and retention.
Long-Run Cost
The aggregate of all costs, both fixed and variable, associated with producing goods or services when all inputs are considered variable over time.
- Evaluate the impact of benefits strategies, including cafeteria-style benefits plans, on improving employee contentment.
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Learning Objectives
- Evaluate the impact of benefits strategies, including cafeteria-style benefits plans, on improving employee contentment.
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