Jerome is the CEO of a magazine publishing company. He wants to provide benefits for his employees but would still like to control his company's costs. Ashley, the head of the HR department, suggests implementing a cafeteria-style plan. What would be the most likely benefit of Jerome doing so?

Question

Quizplus · Accepted Answer

A cafeteria-style plan allows employees to choose the benefits they want from a menu of options. This can help employers avoid the cost of providing benefits that employees don't value, which can help control costs. Additionally, employees have the opportunity to choose benefits that best meet their needs, which can lead to increased job satisfaction and employee retention.

Jerome Is the CEO of a Magazine Publishing Company