Employees choice between higher wages and more benefits

Assignment Help Business Economics

Reference no: EM13885825

Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage, life insurance equal to a year’s salary, vacation time based on length of service, and some retirement pay. But then employees can use credits to choose among such additional benefits as full medical coverage, dental and eye care, more vacation time, additional disability income, and higher company payments to the retirement fund. How do you think flexible benefit packages would affect an employee’s choice between higher wages and more benefits?

Reference no: EM13885825

Questions Cloud

The implicit costs of harveys firm in the first year were : Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interes..

Operates a chain of laundry establishments : Ultra Kleen, Inc., operates a chain of laundry establishments throughout the United States. The government entities that are most likely to be involved in regulating the chain's environmental impact are Congressional committees

Describe how the division addresses customer needs : Describe how the division addresses customer needs and achieves competitive advantage.

Products of firm even though it is very socially responsible : Your cousin wants to start his own business, and he is in a hurry. He has decided not to write a marketing plan because he thinks that preparing such a document would take too long. He says he doesn’t need a formal proposal because he has already rec..

Employees choice between higher wages and more benefits : Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. How do you think flexible benefit packages would affect an emp..

Explain whitebeck kisor model and what is macaulays duration : Explain the Whitebeck Kisor model? What is Macaulay's Duration? Explain Efficient market Hypothesis? What is meant by Fundamental Analysis? How does it differ from technical Analysis?

What is the firms cost function and supply function : Suppose the firm has a production function of the form f(k,l,m)=(klm)^1/4 and faces input prices (1,2,8) for (k,l,m) respectively. What is the firm's cost function? What is their supply function? How much capital k does the firm use to produce q=4?

Explain how you will address jims recent performance issues : Explain how you will address Jim's recent performance issues and suggest both constructive and positive feedback designed so that Jim will leave motivated to do his best.

What is the price elasticity of demand for the logo t-shirts : College-logo t-shirts priced at $15 sell at a rate of 25 per week, but when the book store marks them down to $10, it finds that it can sell 50 t-shirts peer week. what is the price elasticity of demand for the logo t-shirts?

User Account

All Pages