_____ include nonmonetary forms of compensation that are intended to improve the work and personal lives of employees.
A) Profit-sharing and gain-sharing plans
B) Stock ownership and stock options
C) Employee benefits packages
D) Bonus pay plans
E) Merit pay system

Question

Quizplus · Accepted Answer

Employee benefits packages include nonmonetary forms of compensation such as health insurance, retirement plans, paid time off, and wellness programs that are intended to improve the work and personal lives of employees. Profit-sharing and gain-sharing plans are monetary incentives based on company performance, stock ownership and stock options are forms of equity compensation, bonus pay plans are monetary incentives based on individual performance, and merit pay system is monetary incentives based on employee performance.

_____ Include Nonmonetary Forms of Compensation That Are Intended to Improve