One approach that readily identifies inefficiencies in the administration of benefit plans is a:

Question

Quizplus · Accepted Answer

A benefit audit is a comprehensive review of an organization's benefit plans and their administration. This approach can identify inefficiencies and gaps in the benefits offered and help organizations create more effective benefit plans. A retention audit focuses on employee motivation, while a benefit survey only gathers information from employees about their satisfaction with benefits. A compensation audit examines pay practices rather than benefit plans, and a benefit analysis is a review of specific benefits rather than the overall administration of benefit plans. Therefore, the best choice is a benefit audit.

One Approach That Readily Identifies Inefficiencies in the Administration of Benefit