For most organizations,what component of its benefits package is second only to mandatory benefits in terms of cost for an organization?

Question

Quizplus · Accepted Answer

Retirement plans, such as 401(k)s or pensions, can be expensive for organizations to offer and require contributions from both the employer and employee. While other benefits, like employment assistance programs or wellness plans, can be costly, they typically do not come close to the expense of retirement plans. Pay for time not worked plans, such as vacation or sick leave, typically have a lower cost than retirement plans as well.

For Most Organizations,what Component of Its Benefits Package Is Second