What is the importance of benefits as a part of employee compensation?
What will be an ideal response?
Benefits contribute to attracting, retaining, and motivating employees. The variety of possible benefits also helps employers tailor their compensation to the kinds of employees they need. Different employees look for different types of benefits. Employers need to examine their benefits package regularly to see whether they meet the needs of today. At the same time, benefits packages are more complex than pay structures, so benefits are harder for employees to understand and appreciate. Even if employers spend large sums on benefits, if employees do not understand how to use them or why they are valuable, the cost of the benefits will be largely wasted. Employers need to communicate effectively so that the benefits succeed in motivating employees.
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What term below is defined as forces from within individuals that stimulate and drive them to achieve goals?
A. motivation B. content theory C. drives D. tension
During the ______ cultural adaptation stage, you are beginning to settle in, know how to interact with people and where to socialize, and have a clearer understanding of business practices.
A. autonomy B. reintegration C. disintegration D. independence
Which conflict style usually produces the best opportunity for agreement and usually proves to have successful results?
A. avoidance B. compromise C. collaboration D. competition
Jimmy wants to pay off a personal debt. He took out a loan for $2,750 with his credit union, at 8.05% interest, for 1.5 years. What is the maturity value of Jimmy's loan? (Round to the nearest cent)
What will be an ideal response?