Asked by Chelsea Bothma on Sep 27, 2024
Verified
The main disadvantage with a cafeteria compensation plan is that it can be costly to administer.
Cafeteria Compensation Plan
A flexible employee benefits plan allowing employees to choose from a variety of pre-tax salary options and benefits.
- Detail the influence that reward systems, including performance-based pay and benefits, have on motivating employees.
Verified Answer
TB
Terrance Brooksabout 19 hours ago
Final Answer :
True
Explanation :
Administering a cafeteria compensation plan can involve complex administration, which can be time-consuming and expensive. This is a major disadvantage of this type of plan.
Learning Objectives
- Detail the influence that reward systems, including performance-based pay and benefits, have on motivating employees.