A standardized benefits package is most likely best for a:
A) new company with a highly diverse workforce.
B) firm that employs a homogeneous workforce.
C) firm that wants to provide employees with choices.
D) new company that wants to decentralize benefits.

Question

Quizplus · Accepted Answer

A standardized benefits package would be best for a firm that employs a homogeneous workforce because all employees have similar needs and preferences. It would be easier to administer and manage one benefits package for everyone. New companies may benefit from this approach, as it can save time and resources in the early stages of building a benefits program. A highly diverse workforce or a company that wants to provide employees with choices may benefit from a flexible benefits package or cafeteria plan, which allows employees to select benefits that best suit their needs and preferences. Decentralizing benefits may lead to inconsistencies and may make it harder for employees to understand what benefits are available to them.

A Standardized Benefits Package Is Most Likely Best for A