The major advantage of a compensation cafeteria plan over a traditional salary and bonus plan is the _____.

Question

Quizplus · Accepted Answer

A compensation cafeteria plan offers employees the flexibility to choose the benefits that suit their individual needs and preferences, such as health insurance, retirement savings, and paid time off. This results in a more personalized and satisfied workforce, which can lead to increased productivity and lower turnover rates. On the other hand, a traditional salary and bonus plan offers little flexibility and may not be as attractive to employees who are looking for more comprehensive benefits.

The Major Advantage of a Compensation Cafeteria Plan Over a Traditional