Due to the fact that the costs of benefits has risen so dramatically in recent years,the majority of the companies decided to finance discretionary benefits using

Question

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Contributory financing allows both the employer and employees to share the costs of providing discretionary benefits. This is an effective way to manage rising benefit costs as it helps to control the financial burden on the employer while also enabling employees to customize their benefits to suit their needs.

Due to the Fact That the Costs of Benefits Has