One of the reasons for giving more responsibility to employees for retirement planning and other benefit decisions is to increase their understanding of such benefits.

Question

Quizplus · Accepted Answer

When employers spend large sums of money on benefits but employees do not understand the benefits or attach much value to them, the return on employers' benefits investment will be fairly dismal. Thus, one reason for giving more responsibility to employees for retirement planning and other benefits is to increase their understanding of the value of such benefits.

One of the Reasons for Giving More Responsibility to Employees