Potential benefits to the company of early retirement incentive plans are

Question

Quizplus · Accepted Answer

Early retirement incentive plans can lead to a lower payroll cost for the company, as older employees with higher salaries may be encouraged to retire early. This can result in cost savings for the company in the long term. However, the other options given are not necessarily benefits of early retirement incentive plans. Higher turnover rates may result in a loss of experience and knowledge, more pension claims can increase costs for the company, and hiring younger employees may not always be advantageous for the company. Increased employee motivation may be a potential benefit, but it is not always guaranteed and may not be enough to outweigh the potential costs.

Potential Benefits to the Company of Early Retirement Incentive Plans