Since the costs of benefits has risen so dramatically in recent years,the majority of the companies decided to finance discretionary benefits using which of the following methods?

Question

Quizplus · Accepted Answer

Many companies have adopted contributory financing as a way to manage the rising costs of benefits. Under this approach, both the employer and the employee contribute to the cost of discretionary benefits, such as health insurance, retirement plans, and life insurance. This helps to share the financial burden and can also make employees more aware of the costs of their benefits, which can lead to more prudent usage.

Since the Costs of Benefits Has Risen So Dramatically in Recent