Outsourcing Benefits Administration to a Third-Party Expert Has Which of the Following

question 29

Multiple Choice

Outsourcing benefits administration to a third-party expert has which of the following advantage(s) ?

• A)greater efficiency and consistency and enhanced service
• B)reduced cost and enhanced service
• C)fewer benefit claims
• D)reduced cost
• E)increased employee understanding of benefits

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Definitions:

Quality of Work Life

Refers to the degree to which individuals are able to satisfy their important personal needs while employed by an organization.

Environmental Concerns

Issues related to the protection of the natural environment due to pollution, depletion of resources, and loss of biodiversity.

Core Culture

The fundamental beliefs, values, and practices that are central and intrinsic to an organization or group, shaping its identity and ways of operating.

Task Environment

The immediate external environment that affects an organization's operations, including competitors, customers, suppliers, and regulations.