Fringe benefit packages differ substantially from one firm to the next because:
A)labor market information is costless
B)adjustment periods tend to be short
C)worker mobility costs are low
D)firms may structure their fringe benefit packages to attract specific types of workers

Question

Quizplus · Accepted Answer

Fringe benefit packages can be structured by firms to attract specific types of workers. For example, a firm looking to attract highly skilled employees might offer a comprehensive benefits package with higher salaries, health and dental insurance, and retirement plans. Additionally, factors such as industry type, company size, and location can also impact the types of fringe benefits offered by a company.

Fringe Benefit Packages Differ Substantially from One Firm to the Next