Most discretionary benefits plans originated at the turn of the 20th century.

Question

Quizplus · Accepted Answer

Most discretionary benefits originated in the 1940s and 1950s.During both World War II and the Korean War,the federal government mandated that companies not increase employees' wages or salaries,but it did not place restrictions on companies' employee benefits expenditures.Companies invested in expanding their offerings of discretionary benefits as an alternate to pay hikes as a motivational tool to enhance worker productivity.Legally required benefits emerged in the early part of the 20th century to address various social problems such as the effects of the Great Depression.

Most Discretionary Benefits Plans Originated at the Turn of the 20th