Which of the Following Is True of Employee Benefits

question 79

Multiple Choice

Which of the following is true of employee benefits?

• A) Employees have a thorough understanding of what benefits they have and what the market value of these benefits is.
• B) Employees significantly underestimate the cost and value of their benefits.
• C) Employers do an effective job of communicating the cost and value of benefits to their employees.
• D) Employees, for the most part, are just not interested in their benefits.
• E) Employers have very limited options for communicating information about benefits.

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Definitions:

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization.

Goodwill

An intangible asset that represents the value of a company's brand name, customer base, customer relations, employee relations, and any patents or proprietary technology.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

External Environment

The external context in which an organization operates, including socioeconomic, legal, technological, and competitive factors.