Which of the Following Processes of Evaluating Benefits Systems Considers

question 19

Multiple Choice

Which of the following processes of evaluating benefits systems considers the net benefits associated with a particular benefit system?

• A) competitive analysis
• B) cost break-even analysis
• C) cost analysis
• D) employee surveys

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Definitions:

Budget-gaming Problem

A situation in which managers manipulate financial allocations for personal advantage or to meet shortsighted objectives.

Compensation Scheme

a structured plan designed by organizations to determine and provide salaries, bonuses, benefits, and incentives to employees.

Target Based Pay

Target based pay is a compensation strategy that ties an employee's earnings directly to the achievement of specific performance targets.

Straight Line Pay

A compensation method where employees are paid a fixed salary or wage, without variations for overtime or performance.