Which of the following represents a supplementation of pay for employees in response to the yearly rise in inflationary rates?
A) Merit pay
B) Medical insurance plans
C) Cost of living annual increases
D) Spot bonus plans
E) Profit-sharing plans

Question

Quizplus · Accepted Answer

Cost of living annual increases are specifically designed to supplement employees' pay in response to the annual rise in inflationary rates, ensuring that their purchasing power remains at the same level as the previous year. Merit pay, spot bonus plans, and profit-sharing plans are not directly tied to inflationary rates, and medical insurance plans are a separate benefit that does not necessarily address employees' salaries.

Which of the Following Represents a Supplementation of Pay for Employees