Joan Is Finding That Her Current Benefit Package Does Not

question 145

Short Answer

Joan is finding that her current benefit package does not meet her needs as it appears to be a "one size fits all" approach. What would Joan likely recommend to her employer to improve her satisfaction with the benefit package?
Impose a wage and salary freeze in order to expand the benefits offered
Use a cafeteria benefit plan and let the employee select the benefits within a set monetary limit
Lower commission rates for sales people in order to expand the benefits offered
Pay employees an additional amount in order to purchase their own external benefits plan
Offer only the benefits that are required by law

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Definitions:

Payroll Accounting

The process of recording and managing all financial transactions related to a company's payment of salaries, wages, and other compensations to employees.

Employee Morale

The general perspective, mood, contentment, and self-assurance that staff experience in the workplace.

Cash Flow Problems

Financial difficulties faced by a business due to inadequate cash to cover its obligations.

Federal Income Taxes

Charges imposed by the United States federal government on the yearly income of people, businesses, trusts, and various legal bodies.