What are some of the common cost-containment practices

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Reference no: EM132539108

Question: Non-wage benefits are an increasingly important part of modern compensation structures. The variation in benefits can be quite dramatic and can require a range of administrative tactics and time.

Write a page answering the following questions:

• What are some of the common cost-containment practices with regards to benefits administration?

• What can administrators do to control the increasing benefits costs without reducing the employee perceived value of the benefits and/or increasing the employee cost?

Please be sure to validate your opinions and ideas with intext citations and references in APA format.

Reference no: EM132539108

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