Why are flexible reward systems becoming an increasingly popular form of compensation systems?
A) Employees value flexible reward systems and may develop strong loyalty and attachment to an employer who provides them.
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, which allow employees to customize their compensation package based on their individual needs and preferences, are becoming increasingly popular because they help to foster employee loyalty and attachment to the employer. This is because employees feel that their needs are being met and that the organization values their individual contributions. Flexible reward systems can include a variety of benefits, such as flexible work schedules, telecommuting options, paid time off, bonuses, and other incentives. By providing employees with a range of benefits and reward options, organizations can create a more engaged and motivated workforce, which can lead to greater productivity and profitability in the long run.

Why Are Flexible Reward Systems Becoming an Increasingly Popular Form