Explanation should include benefits and incentives, such as
- 401(k) and other savings/retirement plans
- health care
- child care
- elder care
- paid leave
- job sharing
- flex time
- profit sharing
- parking perks.
Process/Skill Questions:
- What are examples of employee incentives?
- What is a fringe benefit?
- How does allowing employee choice for benefits affect a business?
- What benefits might be offered that do not affect employee pay?
- Why are benefits like health care, retirement plans, and paid leave important when choosing a workplace, and how do they affect long-term financial security?
- How could flexible options such as flex time, job sharing, or remote work help employees manage their schedules or improve work-life balance?
- How do incentives like profit sharing or performance bonuses motivate employees and contribute to the success of the business?