Why are flexible reward systems becoming an increasingly popular form of compensation systems?
A)The benefits of the flexible approach outweigh the costs, and employees may develop strong loyalty and attachment to an employer.
B)The flexible reward system allows the organization to trade off salary increases for benefit increases as ways of rewarding the employee.
C)Flexible reward systems allow the organization to standardize the benefits package for all employees.
D)Organizations get fewer benefits for their dollar than they do with standard approaches, but their employees are more satisfied.
E)Flexible systems require less administrative time to develop and maintain than do conventional approaches.

Question

Quizplus · Accepted Answer

Flexible reward systems offer employees greater control over their compensation package, which can lead to higher job satisfaction, motivation, and loyalty. This can translate into better performance, reduced turnover, and a positive work environment. While implementing a flexible reward system may require more time and effort upfront, the benefits can outweigh the costs in the long run.

Why Are Flexible Reward Systems Becoming an Increasingly Popular Form