The perceived value of benefits rises when employers introduce choice through a flexible benefits package.

Question

Quizplus · Accepted Answer

When employers offer a flexible benefits package that includes a range of options for employees to choose from, it allows individuals to select benefits that meet their personal needs and preferences. This, in turn, increases the perceived value of the benefits offered since employees see them as tailored to their specific needs. Additionally, the ability to choose benefits gives employees a sense of control and ownership over their benefits package, which can further increase their perceived value.

The Perceived Value of Benefits Rises When Employers Introduce Choice