What Is an Important Reason Why Employers Need to Communicate

question 99

Multiple Choice

What is an important reason why employers need to communicate the extent and value of the benefits they provide?

• A) Such communication is required by the law.
• B) The HR department needs this information for its communication outlets.
• C) It immediately reduces the overall costs.
• D) Employees generally underestimate the value of the benefits offered.

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Definitions:

Scarce Resources

Resources that are limited in supply and cannot satisfy all human wants and needs.

Standard Of Living

A level of material comfort in terms of goods and services available to someone or some group.

Market Failure

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocate Resources

The process of distributing available resources among various competing needs and desires to achieve desired outcomes.