Describe an organization’s options when providing flexible benefit plans.
What will be an ideal response?
Modular plans, core-plus plans, and full-choice plans are all flexible options for benefits plans. Modular plans provide several basic modules from which each employee chooses. There is no other option outside one of the modules. Core-plus plans provide a base set of benefits to all employees (the core) and then other options that the employee can choose from freely to meet their personal desires and needs. Full-choice plans allow the employee complete freedom of choice, but they come with some potential problems such as “moral hazard,” “adverse selection,” and high management costs.
You might also like to view...
Spatial maps are computed in such a way that the fit increases as the number of dimensions decreases
Indicate whether the statement is true or false
SuLin is setting up a small construction shop and uses his personal credit card to purchase the company’s basic equipment. This process is referred to as which of the following:
a. venture capital b. credit c. external funding d. bootstrapping
Defamation cannot occur online because there is no evidence that someone heard or understood the statements
Indicate whether the statement is true or false
Which is the correct order of stages for a typical lawsuit:
a. discovery, pretrial, trial, pleadings, appeals b. pleadings, pretrial, discovery, trial, appeals c. pretrial, pleadings, discovery, trial, appeals d. pleadings, discovery, pretrial, trial, appeals e. discovery, pleadings, pretrial, trial, appeals