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Explain the expected changes in the finance area and their effects on managers.
Benefit Packages
A collection of non-wage compensations provided to employees in addition to their normal salaries or wages.
Non-contributory Plan
A benefits arrangement where only the employer bears the cost of premiums, requiring no monetary contribution from employees.
Contributory Plan
A retirement or insurance plan where both the employer and employees contribute to the fund.
Registered Retirement Savings Plans
Tax-advantaged savings accounts in Canada designed to help individuals save for their retirement.
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