Explanation should include benefits and incentives, such as
- 401(k) and other savings plans
- hospitalization
- childcare
- elder care
- paid vacation
- paid sick days
- job sharing
- flex time
- profit sharing
- parking.
Process/Skill Questions:
- What are some 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?