Employer Programs Set Up to Assist Employees with Personal and Work-Related

question 58

Short Answer

Employer programs set up to assist employees with personal and work-related problems are usually referred to as __________________ programs.

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Definitions:

Historical Benchmark

A reference point derived from historical data against which current performance or achievements can be measured or compared.

Gain-Sharing Plan

A performance-driven compensation strategy where employees receive bonuses based on the company's savings or gains from improved productivity.

Labour Usage Ratios

Measures that compare the amount of labor used to the outputs achieved, helping businesses assess efficiency.

Financially Funded Plans

Employer-sponsored programs designed to provide employees with financial benefits, such as pension plans or health insurance, which are supported by the company's funds.