Which of the following is a reason for the growth of benefits as a method of employee compensation?
A)The tax treatment of benefits programs is less favorable for employees than the tax treatment of wages and salaries.
B)People prefer a dollar in cash over a dollar's worth of any specific commodity.
C)The legislation passed during the Great Depression was not conducive to benefits.
D)Benefits are covered by wage and price controls.
E)Groups of employees can typically receive a cost advantage over individuals.

Question

Quizplus · Accepted Answer

Groups of employees can typically receive a cost advantage over individuals when it comes to benefits. Companies can negotiate group rates with insurance providers, which can result in lower premiums for employees. Additionally, benefits can be a valuable tool for attracting and retaining employees, which has led to their growth as a method of compensation.

Which of the Following Is a Reason for the Growth