By using ESOPs,employers can provide retirement benefits for their employees at a relatively low cost.

Question

Quizplus · Accepted Answer

ESOPs (Employee Stock Ownership Plans) are designed to give employees an ownership stake in their company. ESOPs often use tax incentives to encourage employees to buy shares of company stock, which can be used as a long-term retirement benefit. This can be a cost-effective way for employers to provide retirement benefits to their employees.

By Using ESOPs,employers Can Provide Retirement Benefits for Their Employees