Which is the following is NOT the reason for companies to adopt various benefits plans? (Defining and Exploring Employee Benefits)

Question

Quizplus · Accepted Answer

Adopting various benefits plans is usually done to attract and retain the best employees, comply with government regulations, and take advantage of favorable tax treatments. While offering benefits can indirectly contribute to reducing labor costs by reducing employee turnover and absenteeism, it is not typically the primary reason for adopting benefits plans.

Which Is the Following Is NOT the Reason for Companies