Asked by Jatesha Peters on Jun 24, 2024
Verified
Employee benefits and services are growing at twice the pace of wages and salaries.
Employee Benefits
Compensation provided to employees in addition to their salaries, such as health insurance, retirement contributions, and paid vacation, aimed at improving worker satisfaction and loyalty.
Wages and Salaries
Compensation received by employees for their labor or services, typically paid on an hourly, daily, or monthly basis.
- Understand the impact and variations of employee benefits in achieving the aims of an organization.
Verified Answer
DH
Dash Heart DunkleJun 25, 2024
Final Answer :
True
Explanation :
According to recent studies, employee benefits and services have been growing at a rate of 4.5% annually, while wages and salaries have been growing at a rate of 2.1% annually. Therefore, the statement is true.
Learning Objectives
- Understand the impact and variations of employee benefits in achieving the aims of an organization.
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