Which of the following factor(s)is expected to increase the cost of benefits?

Question

Quizplus · Accepted Answer

The looming labor shortage increases competition for employees which typically results in higher benefit costs as companies try to attract and retain workers.

Answer: C 
 Baby boomers are a large demographic entering retirement which increases demand for retirement benefits such as pensions and healthcare benefits, resulting in higher costs for employers.

Which of the Following Factor(s)is Expected to Increase the Cost