Asked by Sargit kanani on Sep 27, 2024

If Ryan says he gets to select his own unique combination of benefits at the apple grower's cooperative where he works, he is fortunate to have which type of compensation plan?

A) Stock option plan
B) ESOP
C) Pay-as-you-go
D) Cafeteria compensation
E) Rotating benefits plan

Cafeteria Compensation

A flexible employee benefit plan allowing workers to choose from a variety of pre-tax and after-tax benefits, tailored to their personal needs.

Stock Option Plan

A benefits program offered by companies that gives employees the option to buy company stock at a discounted price, often used as an incentive or reward.

Pay-as-you-Go

A financial strategy where expenses are paid for with current income rather than through borrowing or using existing savings.

  • Acquire insight into how compensation strategies influence motivation and the efficacy of organizations.