Asked by Joshua Brinson on Jul 07, 2024
Verified
What is true of employee benefits?
A) Employees have a thorough understanding of what benefits they have and what the market value of these benefits is.
B) Employees have a hard time understanding the cost and value of their benefits.
C) It is up to employees to determine the cost and value of their benefits.
D) Employees, for the most part, are just not interested in their benefits.
E) Employers have very limited options for communicating information about benefits.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace.
Employee Benefits
Non-wage compensations provided to employees in addition to their normal salaries or wages, such as health insurance, retirement plans, and paid time off.
- Identify common misunderstandings employees have about their benefits and strategies to address these issues.
Verified Answer
MR
Michele RamiirrezJul 11, 2024
Final Answer :
B
Explanation :
Research has shown that many employees have difficulty understanding the cost and value of their benefits, which can lead to them not fully utilizing them or undervaluing them. Employers can help by providing clear and concise information about benefits and their worth.
Learning Objectives
- Identify common misunderstandings employees have about their benefits and strategies to address these issues.
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