The benefits portion of a compensation package most likely plays an important role in:
A) rewarding employees' performance.
B) attracting and retaining employees.
C) managing the profits of the company.
D) managing employee performance.

Question

Quizplus · Accepted Answer

The benefits portion of a compensation package is designed to attract and retain employees by offering additional perks and incentives beyond just a salary or hourly wage. This can include things like health insurance, retirement contributions, and paid time off. While benefits may indirectly help manage employee performance by promoting employee satisfaction and well-being, their primary purpose is to attract and retain a strong workforce. Managing profits and rewarding performance may also be important considerations for compensation packages, but these are typically addressed through other elements such as base pay, bonuses, and stock options.

The Benefits Portion of a Compensation Package Most Likely Plays