Benefit programs have come to represent about __________ of all money paid for employee compensation.

Question

Quizplus · Accepted Answer

Benefit programs typically include health insurance, retirement plans, paid time off, and other perks. These programs have become increasingly important to employees and are now a significant portion of overall employee compensation. According to the Bureau of Labor Statistics, benefits accounted for an average of 40% of total employee compensation costs in March 2021.

Benefit Programs Have Come to Represent About __________ of All