Explain the Difference Between Loss Prevention Versus Loss Reduction

question 7

Essay

Explain the difference between loss prevention versus loss reduction.

---

Definitions:

Preretirement Programs

Initiatives designed to prepare employees for retirement, often including financial planning and lifestyle seminars.

Company-Sponsored

Refers to activities, programs, or benefits funded and organized by an employer for its employees.

Paid Holidays

Employer-provided days off with pay, typically for national holidays, as part of an employee's benefits package.

Personal Use Days

Days off given to employees to handle personal matters or for general leisure, separate from traditional sick or vacation leave.